Strike Graphite Corp. Closes First Tranche of Private Placement

August 14, 2014 – Vancouver, British Columbia: Strike Graphite Corp. (the "Company") is pleased to announce that it has closed the first tranche (the "First Tranche") of a non-brokered private placement announced on July 25, 2014. The First Tranche consisted of 2,500,000 units (the "Units") at a price of $0.06 per Unit for gross proceeds of $150,000.

Each Unit is comprised of one common share and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.10 per common share for a period of 24 months from the date of issuance.

The securities issued will be subject to a four-month hold period from the date of issuance.

The net proceeds of the private placement will be used for the evaluation of the company's properties and for general working capital purposes.

For further information please contact:

Geoff Balderson President and Chief Executive Officer

Telephone: 604.602.0001 Fax: 604.488.0886 Email: [email protected]

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.