Graniz Mondal Inc.

March 19, 2013 08:45 ET

Graniz Graphite Discovery: 5% Over 209 Feet and 7.2% Over 163 Feet

- A Discovery 28 Miles from World Class Producer IMERYS TIMCAL

- Changes on the Board of Directors

LÉVIS, QUEBEC--(Marketwire - March 19, 2013) - Graniz Mondal Inc. (TSX VENTURE:GRA.H) (the "Company" or "Graniz Graphite") is pleased to announce wide intercepts of graphite mineralization at the Brunet graphite deposit located 28 miles from North America's only graphite producer IMERYS TIMCAL near Mont-Laurier. Dr Berthe Lambert, Chairman, comments: "The initial drilling results will add significant new tonnage to the Brunet large flake graphite deposit. The most interesting development is the discovery of a new graphite zone at the 100 metre level that was not identified in historical data. The drilling program should allow us to confirm that we are in front of a large flake graphite body similar to IMERYS TIMCAL's deposit 28 miles west of our mine. Also, there is a breakthrough, graphene can be produced from large flake graphite".

The following drill holes were emplaced to determine the outer boundaries of the Brunet Large Flake Graphite mine:

Vertical Drill Hole From (Metres) To (Metres) Length (Metres) % Cgr (Graphitic Carbon)
2013-120 38,3 88,0 49,7 7,21
102,4 132,0 29,6 4,00
2013-122 45,9 48,4 2,5 6,36
65,1 70,1 5,0 11,73
92,5 111,1 18,6 8,30
2013-123 6,6 8,6 2,0 10,75
11,7 13,3 1,6 13,15
38,0 45,0 7,0 18,77
51,1 115,0 63,9 5,08
2013-124 3,0 14,8 11,8 2,35
26,8 29,6 2,8 5,97
75,0 84,0 9,0 2,30
2013-125 6,7 11,6 4,9 10,73
21,8 23,7 1,9 7,83
45,7 52,2 6,5 2,78
109,0 122,8 13,8 2,66
2013-126 32,6 72,0 39,4 4,86
74,0 92,0 18,0 1,73
100,0 118,0 18,0 1,21

Sampling including the addition standardized reference material and blanks was carried out at Ste-Véronique's coreshack and samples were shipped to ALS Minerals lab in Val d'Or for graphitic carbon assaying. Donald Théberge P. Geo.Eng., has managed the Winter 2013 exploration program and is a Qualified Person as defined by National Instrument 43-101. Drilling, logging and sampling are carried out under the supervision of Yvan Bussières P. Geo.Eng., a NI 43-101 Qualified Person. Mr Bussières is also responsible for the sampling protocol. The Company anticipates receipt of the assay results on an ongoing basis over the next 6-8 weeks.

Graniz's Board of Directors also announces that Donald Théberge has withdrawn himself from the Board and as CEO of Graniz. The members of the Board thank Mr Théberge for his hard work and commitment to the Company over the past five years. Mr Théberge will act as Senior Geologist for the exploration program and as consultant for Graniz Graphite. The Board has named Berthe Lambert as the Company's new CEO.

The foregoing information may contain forward-looking statements relating to the future performance of Graniz Mondal Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the plans and expectations of Graniz. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Graniz with the TSX Venture Exchange/NEX and securities regulators. Graniz does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Neither the 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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