Strike Graphite intersected graphitic zone 148 Meters in hole #2 concession area at Simon Lake

Strike Graphite intersected graphitic zone 148 Meters in hole #2 concession area at Simon Lake

10. More 2012: Vancouver, BC – Strike Graphite Corp. (TSX-V: SRK) (the "Company") is pleased, provide an update on exploration activities in the concession area Simon Lake in north central Saskatchewan.

To date, the company has drilled two diamond drill holes within the historical trends Simon Lake and the sinking of a third hole, the conductive along the same trends about 10 Kilometers southwest of Simon Lake is located, recorded. The company is pleased, announce, that further progress has been made; the second hole of the program has a 148,7 M thick graphite-bearing zone intersected.

Photos of the core will be available on the Company's website are available or can be viewed at the following link: http://strikegraphite.com/core-photo-gallery.html.

Highlights:

• hole SL-12-001 intersected three sections containing graphite, Starting at the beginning of the bedrock;

• SL-hole 12-002 intersected 148,7 M thick graphite-bearing zone.

The recently placed down hole SL 12-002 intersected at a depth of 72, 1 and 220,8 Metern about 132,5 Meters of rock in a graphite- 148,7 Meter thick zone. The thickness of the graphite-containing seven individual sections is between 5,0 to 40,5 Meters. These are of thinner sections, the low to have any graphite contents, with a thickness of 0,9 to 6,0 Meters separated. The hole bottomed at a depth of 240,9 Meters. SL 12-002 was at a right angle to the strike of the graphite-bearing units at Simon Lake with 153 ° and a dip of – 45° aligned. In both holes drilled to date has been intersected graphite flakes. Site surveys put the presence of graphite flakes with a length of up to 4 Millimeters near.

SL-hole 12-002 should confirm historical drilling 2-72 serve, According to historical reports, at a depth of 90 Meters to the end of the bore (Depth of 160 Meters) a portion, as was the "rich in graphite," described, was intersected. The description of "rich" in the historic drilling of graphite 2-72 seems SL-12-002 to be of relevance for the current bore.

Bore SL-12-001, in the press release dated 2. More 2012 was announced, Graphite mineralization intersected at the top of the hole, being the most formidable section between 10,2 and 23,9 Meters (Section of 13,7 Meters) is. A second graphite-bearing zone at a depth of 45,7 to 69,5 Meters (Section of 23,8 Meters), while a third graphite-containing zone at a depth of 93,5 to 102,2 Meters (Section of 8,7 Meters) was intersected. The hole bottomed at a depth of 240,9 Meters and was at a right angle to the strike of the graphite-bearing units at Simon Lake goal oriented west with 141 ° and an inclination of -45 °.

When the drill intercepts reported herein are not to be true widths, currently due to the unknown geometry of the mineralization can not be determined.

The aim of Morell Lake, will be drilled at the moment the hole SL-12-003 for investigation, located in the southwestern part of the property approximately 6 Kilometers east of Saskatchewan Highway 905. The target is a large, highly conductive structure, the fault is interpreted as a hinge. The strike length of the conductive structure, a thickness of more than 2 Kilometers has, here is more than 5 Kilometer. The structure of the coating could extend the graphite-bearing lithologies, The Simon Lake is known for, represent. The geophysical modeling of the conductive body puts a slightly dipping, near-surface conductive zone near.

All relevant sections of graphite will be submitted for routine analysis of carbon content and for analysis of multiple elements. In addition, the core can be tested for its mineralogical properties and for initial metallurgical testwork, to the size distribution, Determine purity and recovery rate of the graphite flakes to.

Blair Way, CEO, said: "The previous drilling results meet our expectations regarding the discovery of significant zones of graphite großflockigem. The second hole has almost 150 Meters intersected graphite-on material. We look forward to receiving the results of laboratory tests in the coming weeks. "

The graphite Simon Lake Project covers a total area of 11.800 Hectares and is located at approximately 300 Kilometers northeast of La Ronge (Saskatchewan). It is the highway 905 crosses. The concession area has several historic drill holes, have the presence of flaky graphite mineralization appears several times. The holes were drilled during the base-metal exploration in the 1960s and 1970s.

Neil G. McCallum (P.Geo.) is the Qualified Person as defined in NI 43-101, has verified the technical information contained in this press release and released.

*Readers are urged to carefully, that determination is based on the floc size on-site optical measurements of drill core. In the reported sizes flakes could be either individual clusters of small graphite flakes. During the determination of mineral properties, the floc size is determined by optical mineralogy.

About the company:

Strike Graphite Corp. is a progressive exploration company, The experienced management team has a focused on the acquisition and strategic projects at the global level. In addition to its graphite concessions Deep East Bay and Simon
Lake, the company also deals extensively with the further development of the graphite Wagon project in Quebec, Situated near the graphite mine Timcal. The company also Satterly Lake gold project in northwestern Ontario opens, das westlich des Projekts von Gold Canyon Resources Inc. is.

Im Namen des Board of Directors,
Blair Way, C.E.O.

For more information about the contents of this message or. a presentation of existing and planned projects of the company's graphite, visit the company Web site at www.strikegraphite.com.

You will receive this information via:

Phone: 604.669.9330
Fax: 604.669.9335
E-Mail: info@strikegraphite.com

We Seek Safe Harbour certification.

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:
http://www.irw-press.at/press_html.aspx?messageID=25079

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