Northern Graphite Management Change and Corporate Update

Northern Graphite Management Change and Corporate Update 
OTTAWA, ONTARIO -- (Marketwired) -- 07/08/13 -- Northern Graphite
Corporation (TSX VENTURE:NGC) announces that Don Baxter P.Eng has
resigned as President of the Company. Don is available to provide
services to the Company on a consulting basis. The Board and
management would like to thank Don for his contributions to the
Bissett Creek graphite project. 
Environmental Permitting 
On October 31, 2012, the Company submitted the Mine Closure Plan
("MCP") for the Bissett Creek project to the Ministry of Northern
Development and Mines ("MNDM"). This "45 day approval process" has
been ongoing for over seven months despite Bissett Creek being a
relatively benign operation with no major environmental issues. It
has strong community support and First Nation consultations have been
positive and constructive. 
The Company understands that MNDM's review of the MCP is complete but
it cannot be filed (approved) until the MNDM issues a mining lease
for the project. Application for the mining lease was made in
October, 2011. In July, 2012 the Company was ordered to redo the
government survey of provincial lot and concession lines that form
the property boundary. The survey was submitted to the Surveyor
General's office in November, 2012 for a 30 day approval process but
a mining lease has still not been issued. The Company believes
approval is imminent but cannot provide further guidance and suggests
any interested parties contact the MNDM directly. 
Northern Graphite is competing with companies in Quebec, Europe,
Africa and Australia to build the first new western graphite mine in
over 20 years. Being first to market is a very important but the
Company is at a competitive disadvantage due to the regulatory
process in Ontario which continues to damage the province's
reputation as a place to invest and is potentially depriving it of
investment, jobs and tax revenues. 
Revised Feasibility Study Economics 
The economics in the existing bankable Feasibility Study ("FS") are
being revised to incorporate a new resource model and mine plan, a
number of modifications to the original capital and operating cost
assumptions, and lower graphite prices. Completion has been delayed
over two months by the consulting firm which has a
 large backlog of
work with other clients. 
Northern Graphite Corporation 
Northern is a Canadian company that has a 100% interest in the
Bissett Creek graphite deposit located in eastern Ontario and is well
positioned to benefit from the favourable supply/demand outlook for
graphite. Northern is the only graphite company to have completed a
bankable Feasibility Study. Bissett Creek is a large flake, high
purity, scalable deposit with low engineering, technical and
political risk, reasonable capital costs and competitive operating
costs. Additional information is available under the Company's
profile on SEDAR at www.sedar.com and on the Company's website at
www.northerngraphite.com. 
This press release contains forward-looking statements, which can be
identified by the use of statements that include words such as
"could", "potential", "believe", "expect", "anticipate", "intend",
"plan", "likely", "will" or other similar words or phrases. These
statements are only current predictions and are subject to known and
unknown risks, uncertainties and other factors that may cause our or
our industry's actual results, levels of activity, performance or
achievements to be materially different from those anticipated by the
forward-looking statements. The Company does not intend, and does not
assume any obligation, to update forward-looking statements, whether
as a result of new information, future events or otherwise, unless
otherwise required by applicable securities laws. Readers should not
place undue reliance on forward-looking 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:
Northern Graphite Corporation
Gregory Bowes
CEO
(613) 241-9959
www.northerngraphite.com
 
 
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