Graphite Corp. Reviews Historical Report Identifying 200,000 Ton Probable Reserve at Crystal Property in Montana

Graphite Corp. Reviews Historical Report Identifying 200,000 Ton Probable 
Reserve at Crystal Property in Montana 
ELKO, NV -- (Marketwired) -- 05/07/13 --   Graphite Corp. (OTCQB:
GRPH) ("Graphite Corp." or the "Company"), an exploration stage
company focused on the evaluation, acquisition and development of
domestic graphite mining opportunities, wishes to advise on the
results of a recent site visit to its claim block which comprises a
total of approximately 1,700 acres situated in Beaverhead County,
Montana. 
Company Director and professional geologist Jason Babcock recently
examined both the leasehold and related historic documentation. He
has submitted a report that details considerable historic data from
the Crystal Graphite and Birds Nest Mines, both located on Company
lands.  
Excerpts from Mr. Babcock's report include the following statement: 
"In Perry's 1948 edition for the Montana Bureau of Mines and Geology,
Memoir No. 27, 'Talc, Graphite, Vermiculite and Asbestos deposits of
Montana,' he proposed that there was a probable reserve of 100,000 to
200,000 tons of graphite ore at a grade of 5 to 8 percent graphite.
He allows that there has been inadequate delineation of the
graphite-bearing ground and more work would be needed. Given the
possible strike length of graphite bearing rock of 4,200 feet, from
the Birds Nest Claim to the Crystal Graphite mine, and possibly
longer, extending beyond these deposits along strike, there may be
potential to greatly expand the graphite resource on the property." 
Mr. Babcock's report further states: 
The first shipment of graphite from the project area was made in
1902. The mines continued to produce graphite sporadically through
the mid 1940s. Most of the graphite was produced during World War I
and the eventual shut down of the mines probably coincides with the
end of World War II. Although there are no detailed records
describing the production of graphite from the property most sources
give a total production of between 2,200 and 2,400 tons. 
The graphite was mainly mined from irregular vein-like bodies which
occur in gneiss and pegmatites in the pre-Cambrian Cherry Creek
metamorphic complex. Graphite also occurs to lesser extent as
irregular disseminated small masses in the pegmatite and dis
seminated
in the gneiss (Perry, 1948). 
First reported production on the property comes from the Birds Nest
Claim. In 1902, 50 tons of graphite concentrate was mined and
shipped. The mining on the Birds Nest Claim consisted of 3 adits with
a few stopes along the graphite veins. The deepest adit is
approximately 270 feet long. The Birds Nest Mine is located 4,200
feet North-East of the Crystal Graphite Mine. 
The bulk of the graphite produced came from the Crystal Graphite
Mine. This mine consists of approximately 3,500 feet of workings on 3
levels ranging over 350 vertical feet. High quality lump graphite was
produced mainly from stoping on the upper levels. It was indicated
that 2,200 tons of graphite were produced from these workings between
1902 and 1920. In 1944, a 1,050 foot adit was driven 200 feet below
the previous workings and a flotation mill was used to recover 150
tons of concentrate. The flotation mill was intended to recover fine
graphite from run of mine rock and from older mine dumps (Geach,
1972). Shortly after the mill was brought on-line the project became
dormant. 
Company President Brian Goss states, "The information gleaned during
Mr. Babcock's visit is invaluable to us. It clearly shows the
location is a viable target that requires additional investigation,
which could lead to a comprehensive development program. During his
visit, he further undertook to develop preliminary mapping data,
identified all major landscape and terrain features and made several
grab samples from a variety of locations across the claim block. We
are further pleased to report that he ascertained that road access to
the site is good and is confident that continued exploration is both
economically feasible and desirable."  
Additional details of the Company's business, finances, appointments
and agreements can be found as part of the Company's continuous
public disclosure as a reporting issuer under the Securities Exchange
Act of 1934 filed with the Securities and Exchange Commission's
("SEC") EDGAR database. For more information, visit our website at
www.graphite-corp.com. 
About Graphite Corp. (OTCQB: GRPH)
 Graphite Corp. is a publicly
traded Elko, Nevada-based resource exploration stage company focused
on the evaluation and development of graphite based deposits within
the United States. The Company is positioning itself to emerge as a
leading pure-play exploration company through the development of its
current strategic land positions in Alabama and Montana straddling
the heartland of America's most significant graphite resources. The
Company's experienced geological team continues to pursue additional
prospective graphite, precious metal, and rare earth opportunities to
advance and develop into strategic assets that increase shareholder
value. For more information, visit our website at
www.graphite-corp.com. 
Note Regarding Forward-Looking Statements
 This release contains
forward-looking statements that reflect the Company's plans and
expectations. In this press release and related comments by Company
management, words like "expect," "anticipate," "estimate,"
"forecast," "objective," "plan," "goal" and similar expressions are
used to identify forward-looking statements, representing
management's current judgment and expectations about possible future
events. Such forward-looking statements include, among other things,
references to historic production and activities, mineral grades and
the development, costs and results of current or future actions and
opportunities in the sector. Actual results could differ from those
projected in any forward-looking statements due to numerous factors.
Such factors include, among others, the inherent uncertainties
associated with new projects and development stage companies. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those projected in the forward-looking statements. Management
believes these forward-looking statements and the judgments upon
which they are based to be reasonable, but they are not guarantees of
future performance and involve numerous known and unknown risks,
uncertainties and other factors that may cause the Company's actual
results, performance, achievements or financial position to be
materially different from any future results, performance,
achievements or financial position expressed or implied by these
forward-looking statements. 
Contact:
GRPH Investor Relations
Phone: +1-888-278-7140
Email: investors@graphite-corp.com
Website: www.graphite-corp.com