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.

10. 9. 8. 7. 6. 5. 4. 3. 2. 1.

Jurisdiction Share Structure Management Team Ownership Graphite Focused Portfolio Quality Aggressive Current and Near Term Exploration Plans Peer Comparables Upside Potential Management Character

• 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.

J

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

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

All projects are 100% owned.

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

JAll 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.

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.

• A large graphite bearing geological belt extends approximately 20km long (yellow)

• Electromagnetic targets coincident with graphite trend total over 11km of resource potential (red)

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.

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.

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.

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.

AN AGGRESSIVE PROGRAM NOW UNDERWAY.

Exploration news will be coming throughout the Spring, Summer and Fall.

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

• Low current valuation.

• Large target areas.

• Significant resource development potential.

• 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.