SOURCE: American Graphite Technologies Inc.

American Graphite Technologies Inc.

October 28, 2015 10:05 ET

American Graphite Acquires 100% Interest in Quebec Graphite Prospect

LAS VEGAS, NV--(Marketwired - Oct 28, 2015) -  American Graphite Technologies Inc. ("AGIN" or the "Company") (OTC Pink: AGIN) announced today that it has acquired a 100% interest in 84 mineral claims, totalling approximately 4,982 hectares, of prospective graphite claims in the Province of Quebec, Canada.

LAC ROUGE GRAPHITE PROPERTY
KEY HIGHLIGHTS

  • 100% ownership of 84 mineral claims covering approximately 5,000 hectares of land in Quebec, Canada.
  • Located within 3 miles of a world class, high-grade graphite deposit (TIMCAL's Lac des Iles mine has been in production since 1989 with a capacity of 25,000 tons of graphite annually. Source: https://www.mern.gouv.qc.ca/mines/industrie/mineraux/mineraux-exploitation-graphite.jsp.
  • Underlain by the same geological environment as the TIMCAL mine, consisting of Metasedimentary Belt of the Grenville Province, which includes quartzofeldspathic rocks, quartzite, biotite gneiss, limestone/marble and locally pegmatitic quartzofeldspathic rocks.
  • Excellent infrastructure support with road accessibility, located 150km from Montreal. Water, power and manpower are all available locally.
  • Available airborne geophysical data from MRNF indicates a large magnetic anomaly on the property, which can be a potential target for future graphite exploration work. The anomaly covers an area of approximately 4 square kilometres.

LOCATION

The Lac Rouge Graphite Property (the "Property") consists of 84 mineral claims in one contiguous block totaling 4,982 hectares of land near the town of Mont-Laurier in southern Québec. It has excellent infrastructure support and is easily accessible from a provincial highway (Route 117) from Montréal. The town of Mont-Laurier is located about 20km to the north; Montréal is 150km to the southeast, and Ottawa 125km to the south of the Property. Mont-Laurier is also connected to Montreal via rail. Water, electricity and mining related work force are available locally. Graphite is commonly found in the Granville Province rocks throughout this region and has been commercially mined from a number of deposits located between Mount Laurier in the north to the Ottawa River in the south.

HISTORY

The Property and the surrounding area, considered prospective for large flake, crystalline graphite, have a historic record of exploration. Numerous flake graphite occurrences in the adjacent areas are some of the oldest graphite showings in Canada, having been discovered in the late 1800s and early 1900s when there was a considerable interest in graphite due to its properties as a lubricant in the automobile industry. The Quebec Ministry of Energy and Mines (MRNF) maintain a record of past exploration and development work carried out on mineral claims.

SURVEY WORK

AGIN are arranging with and have appointed a Geologist in charge for initial geological investigation and prospecting work to begin as soon as possible. This work will help to develop a detailed graphite exploration plan on the property.

ABOUT AMERICAN GRAPHITE TECHNOLOGIES INC

American Graphite Technologies Inc. is a mineral exploration and technology development company. By concentrating on securing graphite mining opportunities and the commercialization of graphene specific proprietary technology methods, management is actively seeking profitable opportunities and to maximize shareholder value. Graphene has been described as the "miracle material" of the 21st Century and is believed to be stronger than steel and more conductive than copper while being flexible, making it plausible as a replacement for silicon, possibly leading to thinner, faster, cheaper, more flexible devices including power sources. Since graphene comes from the carbon atom it is abundant and cheap. In 2010 the Nobel Prize in Physics was awarded to Andre Geim and Konstantin Novoselov for groundbreaking experiments regarding graphene. The demand for batteries, primarily nickel-metal-hydride and lithium-ion batteries, have caused a growth in graphite demand as it is used to construct anodes in all major battery technologies. This growth is driven by portable electronics, such as laptops, mobile phones, tablets, Smartphone and power tools. Electric vehicle batteries are anticipated to further increase graphite demand. As an example, a lithium-ion battery in a fully electric Nissan Leaf contains nearly 40 kg of graphite.

For more information visit the website: www.americangraphitetechnologies.com

Safe Harbor: Pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934, any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals and assumptions of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this release may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions such as "may," "could," or "might" occur. Such statements reflect the current views of the Company with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development of an exploration program and its implementation, the Company's ability to retain qualified personnel to undertake these exploration and development activities, the results of this exploration activity and the Company's ability to monetize any mineral discoveries should these programs be successful. Further these risks include the Company's, ability to secure additional sources of financing to continue its ongoing mineral exploration and development efforts, meet operational overhead and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. American Graphite Technologies Inc. does not undertake any responsibility to update the "forward-looking" statements contained in this news release.

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