Positive Results of Lac Rainy Metallurgical Testwork Confirms...

Positive Results of Lac Rainy Metallurgical Testwork Confirms Commercial Grade Graphite Concentrate Potential

Highlights:

 Metallurgical testwork and mineralogical characterisation completed on two 60 kg composite samples of graphite mineralisation from the Lac Rainy Graphite Project
 Tests completed included chemical and mineralogical feed characterisation and flotation testing
 Results indicate that Lac Rainy graphite mineralisation has the potential of producing a commercial graphite concentrate
o High sample head grades of 35.1% and 21.7% graphitic carbon (Cg)
o High open circuit graphite recovery up to 91.0% using standard mineral processing technologies
o Very good combined concentrate grades of up to 96.7% total carbon (Ct), exceeding typical cut-off grades for commercial grade graphite concentrates of 95% Ct o Total carbon grades up to 98.8% in large and jumbo flake size fractions
o Low levels of potentially deleterious elements
 Metallurgical flowsheet based on publically available information for the nearby Lac Knife Graphite Deposit, 100% owned by Focus Graphite Inc.
 Potential exists for metallurgical improvements given that the tests were scoping level in nature and that the flowsheet has not been optimised for the Lac Rainy mineralization. Further, the surface samples are likely to be partially affected by oxidation
 A diamond drilling program is planned to test the grade and continuity of graphite mineralisation and obtain unoxidised mineralised samples during the winter drilling season in Quebec