Focus Graphite Updates the Timing of a PEA for its Lac Knife, Quebec
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.
Mr. Gary Economo
President and Chief Executive Officer
613-691-1091, ext. 101
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