Focus Graphite Updates the Timing of a PEA for its Lac Knife,
Focus Graphite Updates the Timing of a PEA for its Lac Knife, Quebec Graphite Resource
OTTAWA, ONTARIO -- (Marketwire) -- 10/02/12 -- Focus Graphite Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC) ("the Company") wishes to provide the following shareholder update regarding the timing of the release of its NI 43-101 compliant Preliminary Economic Assessment (PEA) and supporting Technical Report (the "Technical Report") for its Lac Knife, Quebec graphite resource.
Due to a requirement set by the Ontario Securities Commission to file the Technical Report on SEDAR by no later than October 31, 2012, the Company will be issuing a news release summarizing the results of the PEA together with the Technical Report on or before October 31, 2012. Roscoe Postle Associates is completing this report for Focus.
About Focus Graphite
Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. It is the owner of the NI 43-101 compliant Lac Knife graphite deposit grading 16% carbon as graphite. The company's goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus Graphite is invested in the development of graphene applications and patents through Grafoid Inc.
Forward Looking Statements - Disclaimer
This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com Focus Graphite disclaims any intention or obligation to revise or update such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Mr. Gary Economo President and Chief Executive Officer 613-691-1091, ext. 101 firstname.lastname@example.org www.focusgraphite.com