SOURCE: American Graphite Technologies Inc.

American Graphite Technologies Inc.

April 05, 2016 08:30 ET

American Graphite Sampled 21.4% Graphite at Lac Rouge Graphite Prospect in Quebec, Canada

LAS VEGAS, NV--(Marketwired - Apr 5, 2016) - American Graphite Technologies Inc. ("AGIN" or the "Company") (OTC Pink: AGIN) is pleased to announce the assay results of grab surface samples from its Lac Rouge Graphite Project located near TIMCAL's Lac des Iles graphite mine in the province of Quebec. Results from 14 mineralized samples indicate graphite values in the range of 2.16% Graphitic Carbon (Cg) to 21.4% Cg with average of 9.2% Cg.

Eight of the mineralized samples were taken from newly staked claims waiting for approval from the Quebec Ministry for Natural Resources and Mines (MRNF Quebec) (See January 25 press release).

A total of 44 grab surface samples were collected during the fieldwork out of which 14 samples were taken from identified graphite mineralized outcrops and boulders and the remaining 30 samples were taken from country rocks belonging to Grenville Province to have an idea of background graphite concentration. The results of 25 background samples indicate graphite concentration in the range of less than 0.01% to 1.89% Cg, whereas five background samples were not assayed.

The samples were prepared and assayed at SGS Laboratories, Lakefield, Ontario, which is a globally accredited independent laboratory for geochemistry and metallurgy. The samples were assayed by SGS Method GE/GO/GC_CS - A05V, where a weighed sample is roasted in oven at 550 C for 1 hour to remove all organic carbon. Carbonate carbon is then leached/evolved using HCl. The sample was then dried to remove the chlorides. The residue is mixed with metal accelerators and placed in the LECO IR combustion system. The residual carbon is taken as graphitic carbon. SGS Laboratories has its own Quality Assurance and Quality Control procedures.

"We are very pleased with the results of 2015 exploration work and its results. The exploration work has proved the merit of the Lac Rouge Graphite Project as a promising exploration project. The Company is planning to carry out further exploration work in the spring of 2016 which will include geophysical survey, trenching and sampling," said Con Anast, President and CEO of American Graphite Technologies Inc.

Samples results are provided in the following table; please check the Company's website: http://americangraphitetechnologies.com/ to see sample description:

Sample ID   Coordinates NAD 1983 Zone 18   Claim   Sample Type   Graphite %
Easting   Northing  
LR 15-20   470505   5141441   Existing   Grab outcrop   2.34
LR 15-21   470515   5741443   Existing   Grab outcrop   3.7
LR 15-22   470524   5141450   Existing   Grab outcrop   2.56
LR 15-24   470391   5142799   Existing   Boulder near outcrop   3.46
LR 15-27   462129   5134414   Existing   Float near outcrop   2.31
LR 15-28   462129   5134416   Existing   Grab outcrop   2.16
LD 15-29   457003   5128949   New   Grab outcrop   19.7
LD 15-30   457003   5128947   New   Grab outcrop   18.8
LD 15-31   457002   5128944   New   Grab outcrop   21.4
LD 15-37   457023   5128928   New   2m x 2m boulder   7.32
LD 15-38   457019   5128920   New   1m x 1m boulder   9.17
GP15-07   470908   5134988   New   Grab outcrop   20.5
GP15-08   470902   5134950   New   Grab outcrop   7.26
GP15-09   470132   5135519   New   Grab outcrop   8.45
Average Graphite Grade % (Cg)   9.22

LAC ROUGE GRAPHITE PROPERTY - KEY HIGHLIGHTS

  •  100% ownership of 84 mineral claims covering approximately 5,000 hectares of land in Quebec, Canada. Additional 15 claims covering approximately 885 hectares were staked in 2015, waiting for approval from MRNF Quebec.
  •  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.
  • 2015 exploration work identified large flake graphite mineralization on the Property, with flake size in the range of 1-3 mm. The sample assay results show graphite values in the range of 2.16% Graphitic Carbon (Cg) to 21.4% Cg with average of 9.2% Cg.

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

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. The crystalline or flake form of graphite consists of many two-dimensional graphene sheets stacked together. 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

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, exploring for commercially producible quantities of graphite, or the timing, extent or results of any future exploration work or assay results.

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 mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. 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. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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