SOURCE: USA Graphite Inc.

June 14, 2013 16:03 ET

USA Graphite Announces Delay in Filing Annual Report Form 10-K

LAS VEGAS, NV--(Marketwired - Jun 14, 2013) - USA Graphite Inc. (OTCQB: USGT) ("USA Graphite"), a publicly traded U.S. exploration company focused on the acquisition, exploration, and development of world class graphite properties in North America, today announced a temporary delay in filing of its Annual Report on Form 10-K for the year ended February 28, 2013. The Form 10-K was required to be filed with the Securities and Exchange Commission (SEC) no later than 5:30 p.m. E.D.T. on June 13, 2013.

The late filing of USGT's Annual Report on Form 10-K is the result of unforeseen delays in the timely delivery of information required for the preparation of the Company's financial statements for the audit. The Company believes that the underlying communication issues have been resolved and that the financial statements and subsequent audit will be completed without further delay. The Company anticipates filing its Form 10-K during the week of June 17, 2013.

The Company expects that, as a result of the delayed filing, early next week the trading symbol "USGT" will temporarily be changed to "USGTE" until such time the filing is made. This temporary symbol change will not affect trading of the Company's shares and requires no additional action by shareholders who hold their stock with registered brokers or in physical stock certificate form.

About USA Graphite:

USA Graphite is a publicly traded U.S. exploration company focused on the acquisition, exploration, and development of graphite properties in North America. USA Graphite intends to establish itself as a strategic domestic graphite supplier in the United States. The Company is currently advancing three (3) graphite projects in Nevada offering, what the Company believes to be, considerable potential for the discovery of economic reserves of large flake, high-grade graphite; Blue Wing Mountains (1,985 acres - Pershing County), Gordon Creek (200 acres - Elko County), and Ruby Mountains (785 acres - Elko County). For additional information please visit http://www.usa-graphite.com.

"Safe Harbor" Statement:

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Notice Regarding Forward Looking Statements: This press release includes forward-looking statements that involve a number of risks and uncertainties, including the success of the programs it is commercializing and developing. Further, the risks involve the ability of the Company to raise capital to fund its operations and the capital requirements for the development and marketing of its products. Investors are encouraged to review the risk factors listed or described from time to time in the Company's filings (10K, 10Qs, S-1, and others) with the Securities and Exchange Commission.

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