Ann: Lac Rainy Phase 1 - High-grade assay results, page-9

Multiple Extensive and Wide Zones of High-Grade Graphite Confirmed at Lac Rainy ProjectHighlights:

▪ Phase I Channel Sampling program has confirmed multiple wide zones of high-gradenatural flake graphite mineralisation at Lac Rainy

▪ A total of 16 exploration lines (mechanically excavated trenches) were completed with assay results received to date for 6 exploration lines –    additional assay results for the outstanding 10 exploration lines are expected to be received in late November 2018

▪ High-grade results from the channel sampling campaign received to date include:

─ 20.4m at an average grade of 15.6% Cg within Trench 1A

─ 22.0m at an average grade of 13.51% Cg within Trench 2Incl. 8.0m at an average grade of 21.42% Cg

─ 16.0m at an average grade of 12.29% Cg within Trench 13Incl. 14.5m at an average grade of 18.53% Cg

─ 10.9m at an average grade of 23.08% Cg within Trench 11

─ 8.0m at an average grade of 9.55% Cg within Trench 4

▪ The channel sampling has increased the total prospective strike from ~2km to >3km

▪ The assay results received to date have confirmed the high-grade nature of the graphite at LacRainy which compares favourably to peers

▪ Channel sampling zones remain open to both the north and south showing that the width of the graphite mineralisation is wider than the current channel sampling has identified.

▪ Maiden drill program will test the down dip / plunge extensions of the graphite mineralisation

▪ Previous metallurgical testwork completed on Lac Rainy graphite demonstrated that acommercial-grade graphite concentrate can be produced, including:

Love this bit......

▪ Exceptional Graphite recovery up to 91.0% using simple low-cost processing routes

▪ Exceptional Concentrate grades of up to 96.2% Ct

▪ Total carbon grades up to 98.8% in large and jumbo flake size fractions

▪ Low levels of potentially deleterious elements

AND MORE NEWS TO COME END OF NOVEMBER!!

Finally patience is beginning to show some results.