Strike Graphite Announces Share Consolidation

STRIKE GRAPHITE ANNOUNCES SHARE CONSOLIDATION EFFECTIVE JULY 22, 2013

July 22, 2013: Vancouver, BC - Strike Graphite Corp. (TSX-V: SRK) (the “Company”) announces that at market opening today, the Company’s common shares will begin trading on consolidated basis, being ten (10) old shares for one (1) new share. The Company’s trading symbol will remain SRK. Registered shareholders will receive a letter of transmittal from the Company, with instructions for exchanging their pre-consolidated shares. Shareholders who hold their common shares through a broker or other intermediary and do not have common shares registered in their name, will not need to complete a letter of transmittal.

There are currently 44,906,488 common shares issued and outstanding. As a result of the consolidation, there will be approximately 4,490,649 common shares issued and outstanding. The exact number of post-consolidated shares will vary depending on the treatment of fractional shares, which will occur when each shareholder's holdings in the Company are consolidated. The Company will not issue any fractional common shares as a result of the consolidation. Instead, all fractional shares equal or greater than one-half resulting from the consolidation will be rounded to the next whole number. Outstanding stock options and share purchase warrants will also be adjusted by the consolidation ratio and the respective exercise prices adjusted accordingly. The Company will not be changing its name in conjunction with the consolidation.

ON BEHALF OF THE BOARD Blair Way Chief Executive Officer

For more information, please visit the Company’s website at www.strikegraphite.com or contact:

Telephone: 604.669.9330 Fax: 604.669.9335 Email: [email protected]

We seek safe harbor.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.