2. This communication to shareholders and the public contains certain forward looking statements.
Actual results may differ materially from those indicated by such statements. All statements, other
than statements of historical fact, included herein, including, without limitations statements
regarding future production, are forward looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such statements. Neither
the 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
presentation.

4. 10. Jurisdiction
9. Share Structure
8. Management Team
7. Ownership
6. Graphite Focused
5. Portfolio Quality
4. Aggressive Current and Near Term Exploration Plans
3. Peer Comparables
2. Upside Potential
1. Management Character

5. J
• All the Company’s projects are
located in Québec.
• Québec is consistently ranked
by the Fraser Institute as one of
the top 5 mining jurisdictions in
the world.

6. Shares outstanding 26,949,868
Stock Options Outstanding (exercise price range $0.22 - $0.72) 2,075,000
Warrants Outstanding (exercise price range $0.20 - $0.90) 10,826,064
Fully diluted 39,850,932

7. Significant capital markets and
Québec based mining exploration
and development experience.

8. All projects are 100% owned.

9. Graphite is now the hottest
critical metal in the resource
sector.

10. J
All projects are are accessible by
road with nearby access to power
and rail.
The portfolio features projects with
historical exploration work, close
proximity to existing production
facilities, and large near, on surface
and drill ready targets.

12. The Champagne property is approximately 4,870 hectares located in
central eastern Québec.
In 1998 Champagne was explored and a large electromagnetic survey
was conducted prospecting for sulfides. Widespread graphite was
documented as the belt was determined to contain visible graphite on
surface coincident with numerous electromagnetic signatures, but was
abandoned as no apparent sulfides were discovered.
As a result of this program the property has multiple large high priority
graphite target areas and is drill ready.

14. • A large graphite bearing geological belt extends approximately 20km long (yellow)
• Electromagnetic targets coincident with graphite trend total over 11km of resource potential (red)

15. 100% interest in approximately 4,700 hectares of the Lac des Îles West
property adjoining the western border of Timcal’s producing Lac des
Îles Graphite Mine.
The same geological structures and trends appear to continue on to
Canada Rare Earths’ Lac Des Îles West property.
Surface reconnaissance, mapping and an airborne electromagnetic
survey are now underway.

18. Approximately 250km northeast of Val d’Or. Easily accessible year
round via gravel roads for a distance of 65km from the 113 Hwy that
connects Val d’Or to Chibougamau in the Abitibi region in northern
Québec. Railroad and power grids less than 100km from the property.
Historical workings suggest graphite outcrops repeatedly on surface
along a 5km corridor. Ground reconnaissance, mapping and an
electromagnetic survey are now underway to investigate these
findings.

21. 2,142 hectares, located ± 9km southwest of the Lac Gueret project of
Cliffs Natural Resources.
St-Georges Platinum and Base Metals Ltd. recently announced that it
increased the size of its Tétépisca property after confirming the
existence of surface grab samples that yielded results in the range of
50.9% - 58.1% of carbon graphite in the area.
The Company will be monitoring new activity in the area and
commencing a ground prospecting and EM survey.

24. The Labelle Property totals approximately ± 680 contiguous hectares (7km2)
situated approximately 67km east of Timcal's Lac des Îles Graphite Mine,
114km northwest of Montreal.
The Labelle property was originally explored and exploited in the 1950’s, with a
main graphite zone identified by trenching. The size of the trench is 250 feet
long by 10 -15 feet in depth and 5 - 10 feet in width. The historically indicated
graphite grade is variable between 8 - 15% graphite with local grades up to 30%
graphite.
The Labelle property covers over 5km along this contact and includes the
possible extension of a strong EM anomaly found southeast of the main historic
work area which coincides with this contact.

27. AN AGGRESSIVE PROGRAM NOW UNDERWAY.
Exploration news will be coming throughout the Spring, Summer and Fall.

28. Company Comparables, May 1, 2012 Shares Out Last Close Market Cap Stage
Northern Graphite (TSX-V: NGC) 46 million $2.40 $111 million Development
Focus Metals (TSX-V: FMS) 91 million $1.02 $92 million Development
Flinders Resources (TSX-V: FDR) 40 million $2.21 $88 million Development
Energizer Resources (TSX-V: EGZ) 157 million $0.30 $47 million Development
Graphite One (TSX-V: GPH) 86 million $0.25 $21 million Exploration
Zenyatta Ventures (TSX-V: ZEN) 40 million $0.55 $22 million Development
Strike Graphite (TSX-V: SRK) 43 million $0.355 $15 million Exploration
Standard Graphite (TSX-V: SGH) 24 million $0.485 $12 million Exploration
Canada Rare Earths (TSX-V: CJC) 27 million $0.155 $4.1 million Exploration
For a full list list of all TSX.V graphite Companies visit www.graphitestocks.com

29. • Low current valuation.
• Large target areas.
• Significant resource development potential.

30. • Management is heavily invested in this deal.
• Management has significant experience in all aspects of
this business, including resource development.
• Management is transparent and operates with the utmost
integrity.
• Management is committed to the success of this Company.