Northern Graphite Comments on Market Activity

Northern  Graphite  Comments  on  Market  Activity    

October   24,   2017  –  At   the   request   of  the  Investment   Industry   Regulatory   Organization  of   Canada  (“IIROC”),  

Northern   Graphite   Corporation   (NGC:TSXV,   NGPHF:OTCBB)  (the   “Company”)  wishes   to   confirm   that   the  

Company’s  management  is  unaware  of  any  material  change  in  the  Company’s   affairs  or  operations  that  would  

account  for  the  recent  increase  in  market  activity.    

Gregory   Bowes,   CEO,  commented   that;   “Supply   issues   in   China,  a   recovering   steel   market,  a   very   positive  

outlook  for  demand  from  the  lithium  ion  battery  industry  and  electric  vehicles,  and  recent  increases  in  graphite  

prices  may  all  be  contributing  factors.”      

About  Northern  Graphite  Corporation  

Northern  is   a   Canadian   company   that   has   a   100%   interest   in   the   Bissett   Creek   graphite  deposit  located  in  

southern  Canada,  relatively  close  to  all  required  infrastructure.    Bissett  Creek  is  a  well  advanced  project  that  has  

a  Full  Feasibility  Study  and  its  major  environmental  permit.    Subject  to  the  completion  of  operational  and  species  

at  risk  permitting,  which  are  in  the  final  stages,  construction  could  commence  in  2018  pending  financing.    The  

Company  believes  Bissett  Creek  has  the  highest  margin,  best  flake  size  distribution  and  lowest  marketing  risk  of  

any   new  graphite  project,  and   has   the   added   advantages  of  low   capital   costs  and   realistic   production  levels  

relative  to  the  size  of  the  market.    

 Additional  information  on  Northern  Graphite  Corporation  can  be  found  under  the  Company’s  profile  on  SEDAR  

at  www.sedar.com  and  on  the  Company’s  website  at  www.northerngraphite.com  

For  Additional  Information  Please  Contact:  

Gregory  Bowes  P.Geo.,  CEO  (613)  241-­‐9959

This   press   release   contains   forward-­‐looking   statements,   which   can   be   identified   by   the   use   of   statements   that   include  

words  such  as  "could",  "potential",  "believe",  "expect",  "anticipate",  "intend",  "plan",  "likely",  "will"  or  other  similar  words  

or  phrases.  These  statements  are  only  current  predictions  and  are  subject  to  known  and  unknown  risks,  uncertainties  and  

other   factors   that   may   cause   our  or   our   industry's   actual   results,   levels   of   activity,   performance   or   achievements   to   be  

materially  different  from  those  anticipated  by  the  forward-­‐looking  statements.  The  Company  does  not  intend,  and  does  not  

assume   any   obligation,   to   update  forward-­‐looking   statements,   whether   as   a   result   of   new   information,   future   events   or  

otherwise,   unless   otherwise   required   by   applicable   securities   laws.   Readers   should   not   place   undue   reliance   on   forward-­‐

looking  statements.  

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Venture  Exchange)  accepts  responsibility  for  the  adequacy  or  accuracy  of  this  release.