SGH

Standard Graphite Corp. (TSX VENTURE:SGH) (the "Company") is pleased to report
with the progress of Phase II of its fall 2012 diamond drilling program on its
flagship Mousseau East Property. Phase II consists of a series of holes aimed at
expanding the historical resource as well as testing potential graphitic targets
elsewhere on the property.


Drilling to the east of Oat Lake confirmed a new discovery made through
prospecting and announced earlier last month (see September 11, 2012 press
release). Significant widths of up to 30 metres of graphite-bearing rocks have
been observed in core, although little is known about the true thickness of the
units due to the geological uncertainty associated with the strike and dip of
the units. The continuity of Oat Lake zone has been confirmed so far by three
(3) holes showing significant visual graphitic intercepts and the company is
currently planning additional holes to better define the potential of this newly
discovered zone. The drill core samples have been prepared and sent to Act Labs
of Ancaster, Ontario for graphitic carbon assaying. 


Please click the following link for the location map of the discovery holes:

http://www.standardgraphite.com/i/pdf/discoveryholes.pdf

Chris Bogart, President and CEO remarks: "The new Oat Lake Zone is still at an
early stage but bears many similarities both geologically and in its
mineralization with the historical Mousseau East deposit. This augurs well for
the overall potential size of our Mousseau East property and more drilling is
now required to further explore and delineate this new zone."


Phase II was initiated directly after the resource validation-phase that was
recently completed (see September 26, 2012 press release). The program targeted
the direct extension of the historical resource and is aimed at potentially
expanding the resource believed to be open both laterally and at depth. The
company is also testing targets outlined during the property helicopter-borne
electromagnetic survey and hammer prospecting. 


Antoine Fournier, P. Geo., manages Standard's exploration and development
programs and is the Qualified Person as defined by National Instrument 43-101.
He supervised the preparation of the technical information in this release.


About Standard Graphite

Standard Graphite Corp. is focused exclusively on the exploration and
development of a large portfolio of flake graphite properties in Canada. The
company is rapidly positioning itself as North America's premier pure-play
graphite exploration company and it controls 100% interest in 13 highly
prospective graphite properties within known graphite districts in both Quebec
and Ontario. An aggressive 2012 exploration strategy has commenced and will be
implemented by a geologic team with the pedigree of a previous world-class
graphite discovery.


ON BEHALF OF THE BOARD

Chris Bogart, President & CEO

Cautionary Statement:

The foregoing information may contain forward-looking statements relating to the
future performance of Standard Graphite Corp. Forward-looking statements,
specifically those concerned with future performance are subject to certain
risks and uncertainties, and actual results may differ materially. These risks
and uncertainties are detailed from time to time in Standard Graphite Corp.'s
filings with the appropriate securities commissions.

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