Standard Graphite Corporation
TSX VENTURE : SGH

Standard Graphite Corporation

February 23, 2012 06:00 ET

Standard Graphite Commences Airborne EM Survey in Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2012) - Standard Graphite Corp (the "Company") (TSX VENTURE:SGH) is pleased to announce that it has commenced exploration on its Carheil, Sandy Lake, Sandy NE and River Graphite properties. An airborne TDEM survey conducted by Aeroquest International Limited is currently being flown over the four (4) properties located in Northern Quebec and the results from this survey will serve to evaluate the extent of the known occurrences and help in the discovery of new mineralization.

Chris Bogart, President & CEO states, "We are excited to begin the first phase of exploration on our large portfolio of graphite properties in Quebec. Based on our recent successful EM survey in Ontario (News Release dated February 21, 2012) we are eagerly anticipating the results of this survey."

The airborne survey consists in flying some 930 line kilometres at low altitude to measure the bedrock conductivity (TDEM) and magnetic properties. Graphite is a mineral with unique physical properties and is well known for its high conductivity. The survey has been designed to optimize the response from potential conductors and to discriminate between the types of conductors. The TDEM instrument used in the airborne survey is equivalent although more powerful to the one used during the ground test. Results from the airborne survey are expected in March and will form the backbone of the upcoming prospecting, trenching and drilling programs planned in Quebec for 2012.

Antoine Fournier, P. Geo., manages Standard's exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.

ON BEHALF OF THE BOARD

Chris Bogart, President & CEO

For further information, please visit www.standardgraphite.com

Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the future performance of Standard Graphite Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Standard Graphite Corp.'s filings with the appropriate securities commissions.

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.

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