Focus Graphite Files Technical Report on the Preliminary Economic Assessment of the Lac Knife Graphite Project, Quebec

OTTAWA, ONTARIO -- (Marketwire) -- 10/31/12 -- Focus Graphite Inc. ("Focus" or the "Company") (TSX VENTURE: FMS)(OTCQX: FCSMF)(FRANKFURT: FKC) is pleased to announce it has filed with SEDAR a technical report on the results of a Preliminary Economic Assessment ("PEA") of the Lac Knife Graphite Project ("Lac Knife" or the "Project").

The Lac Knife PEA technical report was prepared by Roscoe Postle Associates Inc. ("RPA"), in collaboration with Soutex Inc. ("Soutex" - responsible for metallurgy and mineral processing).

The report can be accessed online at www.sedar.com

About Focus Graphite

Focus Graphite Inc. is an emerging mid-tier junior mining development company, a technology solutions supplier and a business innovator. It is the owner of the NI 43-101 compliant Lac Knife graphite deposit grading 16% carbon as graphite. The company's goal is to assume an industry leadership position by becoming a low-cost producer of technology-grade graphite. As a technology-oriented enterprise with a view to building long-term, sustainable shareholder value, Focus Graphite is investing in the development of graphene applications and patents through Grafoid Inc.

Forward Looking Statements - Disclaimer

This news release may contain forward looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com Focus Graphite disclaims any intention or obligation to revise or update such statements.

Neither 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.

Contacts:

Mr. Gary Economo

President and Chief Executive Officer

613-691-1091, ext. 101
geconomo@focusgraphite.com
www.focusgraphite.com