Northern Graphite Increases Land Posture at South Okak Ni-Cu-Co Assets

Minnie V. Muir

Ottawa, Ontario–(Newsfile Corp. – August 5, 2021) – Northern Graphite Corporation (TSXV: NGC) (OTCQB: NGPHF) (the “Corporation” or “Northern“) is delighted to announce that it has elevated its land place at the South Okak Ni-Cu-Co Task (“South Okak“) by staking an extra 219 claims. This provides the Firm’s land holdings to 473 statements masking 11,825 hectares at South Okak which is located 80 km north of Voisey’s Bay, Labrador. The further claims ended up staked based mostly on info obtained from ongoing knowledge compilation and deal with potential ground not aspect of the first home acquisition.

“The South Okak region created some of the most effective Ni-Cu-Co drill intervals subsequent discovery of the planet class Voisey’s Bay deposits and it includes many really future exploration targets,” reported Gregory Bowes, Northern’s CEO. The Venture provides an exploration element to the Organization and delivers diversification into other battery minerals at a time when their offer/desire outlook is extremely favorable. New resources of supply in politically stable jurisdictions are urgently needed.”

The compilation of historic details is around completion and industry crews will be on the South Okak property soon. The 2021 subject time will concentrate on analyzing and prioritizing both of those current and new targets making use of geological mapping, prospecting, sampling and ground magnetometer surveys. The outcomes of the 2021 discipline plan will facilitate arranging the 2022 industry time in anticipation of a entire drill system.

In preparing for the subject plan, satellite-centered ASTER Imaging (State-of-the-art Spaceborne Thermal Emission and Reflectance Radiometer) and structural interpretation scientific studies have been commissioned with final results envisioned shortly. The data presented by these studies will be merged with 3D magnetic inversions of airborne details to improved define various of the highest priority targets and to recognize new targets.

Tens of millions of dollars have been put in by prior homeowners in the South Okak area and a substantial sum of historical facts is readily available. The spot demands a next glimpse thanks to innovations in geophysical info processing together with 3D modelling, and a substantially better knowledge of the geology of the substantial grade Voisey’s Bay deposits. They are contained within just a large, reduce grade disseminated halo located on a huge structural crack. The South Okak home is located on the same composition and former exploration resulted in the discovery of quite a few regions that contains substantial intervals of disseminated minimal-grade Ni-Cu-Co mineralization. The importance of these characteristics was not absolutely comprehended or appreciated at the time.

About Northern Graphite

Northern Graphite is a mineral growth and engineering organization focused on establishing its Bissett Creek graphite deposit and upgrading mine concentrates into significant benefit parts utilized in lithium-ion batteries, electric autos, gas cells, graphene and other highly developed systems. An impartial analyze estimates that Bissett Creek will have the greatest margin of any current or proposed graphite deposit thanks to its really favorable locale, simple metallurgy and the higher high-quality of its concentrates which will present a competitive advantage in manufacturing solutions for the green economic climate.

Bissett Creek is an sophisticated phase venture with a complete Feasibility Analyze and its major mining allow which puts the Enterprise in posture to make a building determination, subject matter to financing. The Task is positioned in the southern portion of Canada amongst the metropolitan areas of North Bay and Ottawa and shut to the Trans-Canada freeway giving ready accessibility to labour, supplies, gear, pure gasoline and marketplaces.

Skilled Man or woman

Gregory Bowes, B.Sc. MBA, P. Geo., a Competent Man or woman as described beneath Countrywide Instrument 43-101, has reviewed and is accountable for the technological data in this information launch.

For more details

Be sure to stop by the Company’s web site at http://www.northerngraphite.com/investors/presentation/, the Company’s profile on www.sedar.com, get hold of Gregory Bowes, CEO (613) 241-9959 or go to our Social Channels.

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This news release includes sure “forward-wanting statements” inside the indicating of relevant Canadian securities legislation. Ahead-wanting statements and info are commonly characterised by words and phrases these types of as “strategy”, “count on”, “venture”, “intend”, “consider”, “anticipate”, “estimate”, “probable”, “attainable” and other identical words and phrases, or statements that specified gatherings or conditions “might”, “will”, “could”, or “really should” arise. Forward-seeking statements in this release contain statements regarding, amongst other individuals financial and technical reports, graphite selling prices, job economics, permitting, the improvement timeline and the graphite market place. All these types of ahead-wanting statements are dependent on assumptions and analyses manufactured by management based on their working experience and notion of historic tendencies, recent conditions and expected foreseeable future developments, as well as other variables they believe are suitable in the situation. Having said that, these statements are topic to a wide variety of risks and uncertainties and other components that could lead to true functions or success to vary materially from those projected like, but not limited to, unexpected modifications in regulations, procedures or polices, or their enforcement by applicable authorities the failure of other functions to accomplish as agreed social or labour unrest variations in commodity costs unexpected failure or inadequacy of infrastructure and the failure of ongoing and contemplated reports to supply predicted final results or outcomes that would justify and assist continued scientific tests, progress or operations. Readers are cautioned not to spot undue reliance on forward-searching facts or statements.

Although the forward-wanting statements contained in this news launch are dependent on what management believes are realistic assumptions, the Corporation cannot assure traders that real effects will be steady with them. These ahead-searching statements are built as of the day of this news release and are expressly qualified in their entirety by this cautionary statement. Subject matter to applicable securities laws, the Enterprise does not suppose any obligation to update or revise the ahead-wanting statements contained herein to replicate gatherings or circumstances transpiring just after the day of this information release.

Neither the TSX Enterprise Trade nor its Regulation Services Supplier (as that term is described in the policies of the TSX Enterprise Trade) accepts obligation for the adequacy or precision of this release.

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