Great Lakes Graphite Inc.

Great Lakes Graphite Inc.

September 13, 2016 08:00 ET

Great Lakes Graphite Announces New Director Appointment

TORONTO, ONTARIO--(Marketwired - Sept. 13, 2016) - The Board of Directors of Great Lakes Graphite Inc. ("GLK" or the "Company") (TSX VENTURE:GLK)(OTC PINK:GLKIF)(FRANKFURT:8GL) today announces the appointment of Richard Lane as a Director of the Company, subject to approval by the TSX Venture Exchange.

Mr. Richard D. Lane is a seasoned mobile technology professional, investor, and entrepreneur with over 30 years of extensive experience building businesses and maximizing shareholder value within those businesses. He served as Chief Financial Officer at RESOLUTE Partners LLC until September 2013. He honed his sales, marketing, and distribution skills while serving as senior team member for the launch of several cellular service providers. He has significant experience with startup management, entrepreneurial bootstrapping, and consulting.

Mr. Lane has been part of the senior executive team of nine early stage companies and led the turnaround of five companies. He served as President of Blue Danube Systems and General Manager of Panasonic's wireless Telecommunications business unit. He served as the Chief Executive Officer and President of Airpath Wireless, Inc. from October 2006 to January, 2008 upon its sale to Aptilo Networks. He is a member of Walnut Venture Associates. Mr. Lane specializes in launching early stage companies/business units as well as taking over challenged companies and repositioning them in the marketplace.

As a mobile technology professional, serial entrepreneur and angel investor, he has spent the better part of the past 25 years building companies primarily in mobile technologies. Rich was one of the original team members AT&T's Advanced Mobile Phone Service in 1982. He was also a founding Member of PacTel Mobile Access (AKA AirTouch/Verizon Wireless - California) and served as its Director of Marketing. Rich was founding President of PacTel Mobile Services and founding Head of Sales and Marketing at AT&T Wireless - NY (MetroOne).

Rich was formerly a member on the Board of Advisors (or Directors) for KaBloom Flowers, Progeny Solar, Inc. (Director), ViziApps Inc., and Red Pagoda Resources. He served as President of the Wharton Alumni Club of Boston. Mr. Lane received his M.B.A., Finance, and B.S., Marketing, from the Wharton School, University of Pennsylvania.

CEO Paul Gorman said, "As Great Lakes Graphite works to become a viable commercial enterprise, we continue to deepen our team with professionals who bring deep experience in disciplines that complement our existing strengths. We are always looking for opportunities to leverage the resources of our network, in this case, to identify and attract to our Board an individual with a strong operations background and a proven track record of entrepreneurial success. On behalf of the Board, I am very pleased to welcome Rich Lane to our Board of Directors."

About Great Lakes Graphite: Great Lakes Graphite Inc. is an industrial minerals company focused on bringing value-added carbon products to a well-defined market.

The Company is party to an agreement for shared use of a portion of an industrial facility located in Matheson, Ontario owned by Northfil Resources Limited, as well as for supply of high quality natural graphite concentrate (see news release dated 03/23/15), which have positioned Great Lakes Graphite to become an emerging domestic manufacturer and supplier of micronized products to a growing regional customer base where pricing and demand continue to rise.

Further information regarding Great Lakes can be found on the Company's website at:

Great Lakes Graphite trades with symbol GLK on the TSX Venture Exchange and currently has 117,561,978 shares outstanding.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward Looking Information: Certain statements in this press release may constitute "forward looking information" which involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this press release, such forward looking information may use such words as "may'', "will'', "expect'', "believe'', "plan'' and other similar terminology. Forward looking information is provided for the purpose of presenting information about management's current expectations relating to the future events and the operating performance of the Company, and readers are cautioned that such information may not be appropriate for other purposes. The forward looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the ability of the Company to fulfill the orders and future orders, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of Great Lakes operates. The foregoing list of factors is not exhaustive. Please see the Company's financial statements, MD&A and other documents available on, for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward looking information, whether a result of new information, future results or otherwise, except as required by law.

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