Great Lakes Graphite Files NI 43-101 Technical Report On Lochaber Graphite Deposit and Begins Resource Calculation

Toronto, Ontario--(Newsfile Corp. - August 5, 2014) - Great Lakes Graphite Inc. (TSXV: GLK) ("Great Lakes" the "Company") is pleased to announce that it has received final approval from the TSX Venture Exchange for its acquisition of the Lochaber Graphite Property from Rock Tech Lithium Inc. (TSXV: RCK). In support of this transaction the Company has filed a National Instrument ("NI") 43-101-compliant Technical Report on SEDAR. The Technical Report is also available for download from the Company website: http://www.GreatLakesGraphite.com/wp-content/uploads/2014/07/NI43-101-Lochaber.pdf.

The Company has now commissioned, and commenced, a follow-up study to determine a compliant estimate of the graphite resources present on the Property.

The Lochaber Graphite Property comprises 152 mineral claims, covering 9,122 ha (91 km²) in the Buckingham Region northeast of Gatineau, Québec. The Property, considered prospective for large flake, crystalline graphite, has an historic record of exploration and production. Numerous flake graphite occurrences on the property are some of the oldest graphite showings in Canada, having been discovered in the late 1800s and early 1900s. There are two past producing graphite mines (the "Mayo" and "Plumbago" mines) and three historical graphite occurrences (the "McLaren", "Kelly" and "Burke" Showings) distributed over an area covering 16 km² of the Property.

Mineralization in the historical graphite showings is described below:

The Mayo Mine Showing - is located approximately 6 km to the north of the village of Mayo in Lochaber Township. It was discovered in 1864; there is no record of production from the site. The graphite showing is 9 m long and 3 m wide with 20% graphite disseminated in host crystalline marble rocks.

Plumbago Mine Showing - is located about 5 km to the south of Kelly Showing (see below). The graphite mineralization is in the form of coarse flakes within sheared paragneissic rocks. Flake graphite and slabs of graphite are widely disseminated in this zone with a visual estimation of 10 to 15% graphite over an average width of 9 m. Approximately 545 t of graphite was mined from a 12 m wide pit in this area circa 1900.

Kelly Showing - consists of two parallel zones explored for about 90 m along strike. The first zone is approximately 8 m wide and the second zone located 3 m to the east of the first zone is about 1.6 m wide. These zones contain 15 to 20% coarse flake graphite.

Burke Showing - located approximately 500 m to the north of Kelly showing, it has been explored over an area 1.3 to 3 m wide and 120 m long. It is reported to contain 10 to 15% graphite. Some 450 m to the west of this showing is another trench where graphite-bearing material has been found which suggests that the Burke prospect may continue further to the west along strike.

McLaren Showing - located to the south of Kelly showing, its mineralization is mainly associated with a marble unit and quartzo-feldspathic gneiss. The surface showing was traced by a ground EM geophysical survey and significant graphite mineralization was intersected by diamond drilling in 1986.

The results from previous exploration work on the Property - which included over 7,000 m of diamond drilling, surface trenching and channel sampling, and ground geophysical surveys - is providing the basis to carry out an NI 43-101-compliant graphite resource estimate on the property this summer. Based on the results of the resource estimate, the Company will plan a full feasibility study and environmental baseline studies on the Property.

Great Lakes will also undertake a 200 kg bulk sample to continue its metallurgical testing on the grade, flake characteristics, recoverability and particle distribution of the material. Material collected from the bulk sample will also be used to initiate a Customer Sampling Program to enable potential customers who have expressed interest to being qualifying the product.

Preliminary metallurgical results indicated the following graphite-flake size distribution in concentrate derived from the Property:

• 48% of the concentrate >80 mesh (180 microns);

• 30.5% of the concentrate between 80 and 200 mesh; and

• 21.5% of the concentrate <200 mesh (75 microns).

Paul Gorman, CEO of Great Lakes Graphite commented on the development work at Lochaber by saying, "We are extremely encouraged by the grade and flake size that we have encountered across the property and building out a resource will be a giant step for the company. Once completed, we will have positioned Great Lakes to be one of only a handful of industrial mineral companies poised to plan for production."

About Great Lakes Graphite: Great Lakes Graphite is an industrial minerals company with the mandate to bring graphite projects to production through the acquisition and development of high quality graphite properties. Graphite has moved to the forefront of the Industrial Mineral World as a Critical Mineral required for industrial use and as a major component in the development of new technologies. With the advancement of battery storage, mobile battery systems and alternative energy infrastructure, it is estimated that 20 new graphite mines will be required to keep up with worldwide demand by the year 2020.

As there are currently no graphite mines producing in North America, Great Lakes Graphite has the ability to become one of the first producers to supply a growing regional customer base that requires high-quality, purified graphite, where pricing and demand continue to rise.

The Company, through strategic acquisitions and capable management intends to become a leader in the industrial minerals marketplace. The Company's graphite properties are located in the Buckingham and Lochaber Townships of southwestern Québec. The Company has also entered into option and joint-venture agreements with Eloro Resources Inc. (TSXV: ELO) on the Summit-Gaber Cobalt property located in the La Grande Greenstone Belt in the James Bay region of Québec. Further information regarding Great Lakes can be found on the Company's website at: www.GreatLakesGraphite.com.

Great Lakes Graphite Inc. trades under the symbol GLK on the TSX Venture Exchange and currently has 60,364,819 shares outstanding (88,699,322 fully diluted).

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