Energizer Resources Outlines 2013 Strategies and Timelines for Molo Mine Development

Energizer Resources Outlines 2013 Strategies and Timelines for Molo Mine 
TORONTO, ONTARIO -- (Marketwire) -- 03/08/13 -- Energizer Resources
Inc. (TSX:EGZ)(OTCBB:ENZR)(FRANKFURT:YE5) ("Energizer" or the
"Company") is pleased to outline its strategies and timelines for the
development of its Molo Graphite deposit in Madagascar. 
Energizer released its positive PEA study in late February. In a
brief period of time, Energizer has advanced the Molo project, and
assembled a team of professionals focused on mine development. 
Targeting Accelerated Timeline to Development 
In just 15 months from initial discovery, Energizer has delivered the
following milestones: 

- Graphite discovered in November 2011                                      
- NI 43-101 resource delineation completed December 2012                    
- Preliminary economic analysis study (PEA study) released in February 2013 

Energizer is now focused on the next series of milestones. These

- Commencement of a full Feasibility Study in Q2 2013                       
  - This includes construction of two pilot plants, each at a different     
    accredited lab to;                                                      
      i) Produce the necessary quantity of samples for presentation to      
      potential off take partners                                           
      ii) Optimize flake size distribution                                  
      iii) To further upgrade our concentrates from purities between 98% and
      98.6% graphitic carbon to battery grade target purity levels of       
      greater than 99%                                                      
- Full Feasibility Study completion targeted for Q4 2013                    
- Start of mine construction targeted for Q2 2014
- Production targeted for Q4 2015                                           

Energizer has assembled and contracted a mine development team with
world-class experience and proven expertise necessary to rapidly move
the project forward. 

- DRA Mineral Projects, an EPCM group located in Johannesburg, are the      
  largest builder of mines in Africa                                        
- MINOPEX, a wholly owned subsidiary of DRA, are contract mine operators    
- Panalpina, the world's largest mining logistics company, has hands on     
  experience in Madagascar as they handled all the logistics for the        
  recently completed $6.5billion Sherritt Ambatovy nickel mine              

Energizer is currently engaged in off take discussions with key
graphite producers and manufacturers. The Company is also in
discussions with leading financial institutions for moving the
project from the delivery of a full Feasibility Study, through to
construction and production. 
Energizer's completion of a PEA Study places it in a very small group
of graphite companies. 
According to US-based research firm House Mountain Partners, in
January 2012 there were 9 junior exploration companies involved in
graphite exploration on the TSX, TSX-Venture, ASX and the AIM
Exchanges. Today, there are over 82 companies managing 150 graphite
projects in 13 countries. 
Of those 82 graphite companies; 

- 9 have a compliant resource (NI 43-101 or JORC)                           
- 3 have a PEA study (a PEA includes an economic analysis of the potential  
  viability of a third party validated mineral resource, with quantifiable  
  metallurgical results, capital expenditures (CAPEX) and operating         
  expenditures (OPEX))                                                      
- 1 has a full Feasibility Study                                            
- Only 1 graphite company (Energizer Resources) is listed on the Toronto    
  Stock Exchange                                                            
- No company has an off take agreement                                      

Industry Analysts Predict Very Few Graphite Mines will Enter
According to industry analysts, there is a shortage of primary
sources of economic graphite in the world today. The majority of
graphite exploration projects today have been either recycled,
renamed or resold. While there has been a surge of new graphite
projects over the past year, it is believed only a very few will
succeed in bringing a graphite mine into production. 
Molo Attributes 

- Large, expandable NI 43-101 compliant resource that is able to meet market
  demand as required                                                        
- All flake deposit                                                         
- Full suite of flake sizes, which enables Energizer to supply products to  
  all market segments                                                       
- Indian Ocean location is close to key Asian purchasing and upgrading      
  markets for graphite                                                      

Changing Strategies in the Market 
Graphite is entering a new era. Graphite is moving from an industrial
mineral to a strategic mineral, similar to that of lithium, vanadium
and rare earths. 

- British Geological Service has now ranked graphite in the top ten on its  
  list of critical minerals                                                 
- Graphite has moved ahead of lithium, cobalt and platinum group elements on
  The Critical Supply Index                                                 
- There is ample opportunity to capitalize on the value-added benefits of a 
  fully integrated supply chain in the new graphite era                     

According to industry analysts, China, the graphite market leader,
has adopted a new paradigm. 

- China dominates world production of graphite, which is mostly of the low  
  grade quality, but does not control it to the extent it does other        
  minerals, like rare earth elements.                                       
- In order to improve control, mine capacity and scale will be an important 
  factor for China. There are aggressive plans to consolidate current mines 
  to form a State monopoly, from 210 operating mines today down to 20 in    
  this decade                                                               
- Imposed combined 37% duty and VAT taxes on all exports of graphite        
- Strict duty and environmental regulations on new and existing graphite    
  mines will constrain exports further                                      
- Existing mines are aging, and the accessible ore is now much deeper       
  resulting in capacity decreases and expected increases in mining costs    

New Energy-Based Technologies 
Graphite, unlike most other minerals, has multiple layers of demand.
Industry analysts expect new demand for graphite will be driven by
energy-based technologies. 
Historically, forecasts for electric vehicle sales have overpromised
and under-delivered, consequently, automakers are now providing
conservative sales forecasts. 
Automakers now understand that the path to consumer acceptance of
electric vehicles (EVs) is first through the adoption of hybrid
vehicles. This is underscored by the fact that the Toyota Prius is
now the world's third best-selling car. The evidence of the growing
acceptance of EVs was demonstrated by the announcement of Motor
Trend's 2013 Car of the Year, the Tesla Model S. The first time a
full electric vehicle has ever won this award. 
Paralleling the rapid advancement of batteries for electric vehicles,
another important growth segment is the advancement of batteries for
large-scale energy storage for commercial and grid-level
About Energizer Resources 
Energizer Resources Inc. is a mineral exploration and development
company based in Toronto, Canada, which is focused on developing the
Molo flaked graphite deposit in Fotodrevo, southern Madagascar. The
Molo deposit is located in the Green Giant Graphite project, and is
part of the joint venture (JV) property with Malagasy Minerals
Limited in Madagascar. Energizer has a 75% ownership interest and is
the operator of the Project. 
For more information, please visit our website at
Safe Harbour: This press release may contain forward-looking
statements that may involve a number of risks and uncertainties.
Actual events or results could differ materially from expectations
and projections set out herein. 
Cautionary Statement: The above resource estimates were calculated in
accordance with National Instrument 43-101 as required by Canadian
securities regulatory authorities. For United States reporting
purposes, Industry Guide 7 (under the Securities Exchange Act of
1934), as interpreted by the Staff of the SEC, applies different
standards in order to classify mineralization as a reserve. Among
other things, the terms "measured", "indicated" and "inferred"
mineral resources are required pursuant to National Instrument
43-101, the U.S. Securities and Exchange Commission does not
recognize such terms. Canadian standards differ significantly from
the requirements of the U.S. Securities and Exchange Commission, and
mineral resource information contained herein is not comparable to
similar information regarding mineral reserves disclosed in
accordance with the requirements of the U.S. Securities and Exchange
Mineral resources are not mineral reserves and do not have
demonstrated economic viability. This mineral resource estimate
includes inferred resources that are normally considered too
speculative geologically to have economic considerations applied to
them that would enable them to be categorized as mineral reserves.
There is also no certainty that the inferred mineral resource will be
converted to the measured and indicated mineral resource categories
through further drilling, or into a mineral reserve once economic
considerations are applied. 
U.S. investors should understand that "inferred" mineral resources
have a great amount of uncertainty as to their existence and great
uncertainty as to their economic and legal feasibility. In addition,
investors are cautioned not to assume that any part or all of the
Company's mineral resources constitute or will be converted into
Energizer Resources Inc.
Brent Nykoliation
Senior Vice President, Corporate Development
Toll Free: 800.818.5442 or 416.364.4911
Energizer Resources Inc.
Craig Scherba
President and COO
Toll Free: 800.818.5442 or 416.364.4911
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