SRK

Strike Graphite Corp. ("the Company" or "Strike") (TSX VENTURE:SRK) is pleased
to announce that it has received conditional acceptance from the TSX Venture
Exchange (the "Exchange") for its proposed acquisition of the Sask Craton
Property and the Sask Craton North Property (the "Property Acquisitions") and it
has made filings with the Exchange for its proposed debt settlement (the "Debt
Settlement"). The Property Acquisitions and Debt Settlement were detailed by way
of news release issued by the Company on May 22, 2014. The Property Acquisitions
remain subject to certain conditions to be satisfied by the Company prior to
final acceptance by the Exchange. 


The Company is pleased to announce that it intends to conduct a non-brokered
private placement offering of up to 20 million units at a price of $0.05 per
unit for gross proceeds of up to $1,000,000 (the "Offering"). Each unit will
consist of one common share of the Company and one-half of one common share
purchase warrant, with each full warrant entitling the holder thereof to
purchase one additional common share at a price of $0.10 per common share for a
period of 24 months from closing of the offering. In connection with the
Offering, Strike Graphite may pay up to a 7% finder's fee on the gross proceeds
of the Offering. The Offering is expected to close in tandem with the Property
Acquisitions. Proceeds of the offering will be used to finance the acquisition
and exploration of the Property Acquisitions, the completion of a NI 43-101
technical report and for general working capital purposes. 


The units and underlying securities of the Offering will be subject to a
four-month and one day hold period from the date of issuance in accordance with
applicable securities laws. The Offering is subject to certain conditions
including the approval of the Exchange. 


In connection with the Debt Settlement, the Company further reports that it
intends to seek shareholder approval for the creation of two new Control Persons
(as that term is defined by the Exchange), being Ryan Kalt and DG Resource
Management Ltd., at its next shareholder meeting. 


On behalf of the Board of Directors, 

Geoff Balderson, President 

Certain information set out in this news release may constitute forward-looking
statements or forward-looking information within the meaning of applicable
securities laws (collectively, "Forward-Looking Statements"). All statements,
other than statements of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or may occur
in the future are Forward-Looking Statements. Forward-Looking Statements are
often, but not always, identified by the use of words such as "seek",
"anticipate", "believe", "plan", "estimate", "expect", and "intend" and
statements that an event or result "may", "will", "can", "should", "could", or
"might" occur or be achieved and other similar expressions. Forward-Looking
Statements are based upon the opinions and expectations of the Company based on
information currently available to the Company. Forward-Looking Statements are
subject to a number of factors, risks and uncertainties that may cause the
actual results of the Company to differ materially from those discussed in the
Forward-Looking Statements including, among other things, the Company has yet to
generate a profit from its activities; there can be no guarantee that the
estimates of quantities or qualities of minerals disclosed in the Company's
public record will be economically recoverable; uncertainties relating to the
availability and costs of financing needed in the future; competition with other
companies within the mining industry; the success of the Company is largely
dependent upon the performance of its directors and officers and the Company's
ability to attract and train key personnel; changes in world metal markets and
equity markets beyond the Company's control; mineral reserves are, in the large
part, estimates and no assurance can be given that the anticipated tonnages and
grades will be achieved or that the indicated level of recovery will be
realized; production rates and capital and other costs may vary significantly
from estimates; unexpected geological conditions; delays in obtaining or failure
to obtain necessary permits and approvals from government authorities; all
phases of a mining business present environmental and safety risks and hazards
and are subject to environmental and safety regulation, and rehabilitation and
restitution costs; the Company does not maintain insurance against environmental
risks; and management of the Company have experience in mineral exploration but
may lack all or some of the necessary technical training and experience to
successfully develop and operate a mine. 


Although the Company believes that the expectations reflected in the
Forward-Looking Statements, and the assumptions on which such Forward-Looking
Statements are made, are reasonable, there can be no assurance that such
expectations will prove to be correct. Readers are cautioned not to place undue
reliance on Forward-Looking Statements, as there can be no assurance that the
plans, intentions or expectations upon which the Forward-Looking Statements are
based will occur. Forward-Looking Statements herein are made as at the date
hereof, and unless otherwise required by law, the Company does not intend, or
assume any obligation, to update these Forward-Looking 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. 


We seek safe harbor. 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Strike Graphite Corp.
604.602.0001
604.488.0886
info@strikegraphite.com
www.strikegraphite.com

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