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/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/


MONTREAL, June 28, 2013 /CNW/ - Mason Graphite Inc. ("Mason Graphite" or the "Company") (TSX.V: LLG) is pleased to announce
that it has closed its previously announced brokered private placement
offering of flow-through units (the "FT Units") at a price $0.55 per FT
Unit and hard dollar units (the "HD Units") at a price of $0.50 per HD
Unit. The Company issued 8,163,637 FT Units and 1,020,000 HD Units for
aggregate gross proceeds of C$5 million (the "Offering"). Each FT Unit
consists of one flow-through common share of the Company and one-half
of one non flow-through common share purchase warrant (a "Warrant").
Each HD Unit consists of one common share of the Company and one-half
of one Warrant. Each whole Warrant entitles the holder thereof to
acquire one common share of the Company at a price of $0.60 for a
period of 24 months following the closing date of the Offering.


Benoit Gascon, CEO of Mason Graphite commented, "With the proceeds of
the Offering the Company is well positioned to complete its planned
exploration program on the Lac Gueret property."


In connection with the Offering, the Company paid a syndicate of agents
co-led by Delano Capital Corp. and PowerOne Capital Markets Limited and
including Macquarie Capital Markets Canada Ltd., Marquest Asset
Management Inc. and Stonecap Securities Inc. (together the "Agents") a
cash fee equal to 7% of the gross proceeds from the Offering. As
additional compensation, the Agents were issued compensation options
(the "Broker Options") equal to 7% of total number of securities issued
by the Company pursuant to the Offering. Each Broker Option consists of
one common share of the Company ("Broker Option Share") and one-half of
one common share purchase warrant (a "Broker Warrant"). Each Broker
Option is exercisable at a price of $0.60 per Broker Option for a
period of 24 months following the closing date of the Offering. Each
Broker Warrant entitles the holder to acquire one additional common
share of the Company at a price of $0.60 for a period of 24 months
following the closing date of the Offering.


The Company intends to use the gross proceeds of the sale of the FT
Units to incur Canadian exploration expenses (as defined in the Income Tax Act (Canada)) for the Company's 100%-owned Lac Gueret graphite property in
northeastern Quebec, which expenses will be renounced for the 2013
taxation year. The net proceeds of the sale of the HD Units will be
used for exploration expenses on the Lac Gueret property and for
general corporate purposes.


The Offering is subject to certain conditions including, but not limited
to, the receipt of all necessary approvals, including the approval of
the TSX Venture Exchange and applicable securities regulatory
authorities. All securities issued pursuant to the Offering will be
subject to a four month hold period which will expire on October 29,
2013.


About Mason Graphite


Mason Graphite is a Canadian mining company focused on the exploration
and development of its 100% owned Lac Gueret graphite property, which
is located in northeastern Quebec near the main service center of
Baie-Comeau. The Lac Gueret property currently hosts a National
Instrument 43-101 compliant Mineral Resource (see news release issued
on July 16, 2012), which considers the exploration of only 17% of one
well defined zone. Excellent potential exists for mineral growth. The
Company has also completed a Preliminary Economic Assessment study
which features 22 years of production at 27.4% Cgr and a pre-tax
internal rate of return of 33.7% (see news release issued on April 22,
2013). The Company's senior management team possesses significant
graphite expertise from their experience at Timcal/Imerys; including
Benoit Gascon, CPA, CA, who held executive positions for 20 years,
including over 6 years as President and CEO; Jean L'Heureux, Eng.,
Executive Vice-President, Process Development, with over 20 years of
experience; and Luc Veilleux, CPA, CA, Chief Financial Officer and
Executive Vice-President, with 8 years of experience. Timcal, now owned
by Imerys, is one of the largest graphite producers in the world.


Full technical details and notes for the PEA can be found in the
technical report entitled "NI 43-101 Technical Report


on the Preliminary Economic Assessment, Lac Gueret Graphite Project,
Quebec, Canada" dated June 6, 2013 and effective April 22, 2013, which
is available under Mason Graphite's profile on SEDAR
and on Mason Graphite's website

Cautionary Note: A PEA is preliminary in nature and includes Inferred
Mineral Resources, which are considered too geologically speculative to
have mining and economic considerations applied to them that would
enable them to be categorized as mineral reserves. Mineral resources
that are not mineral reserves do not have demonstrated economic
viability. There is no certainty that the reserves development,
production, and economic forecasts on which the PEA is based will be
realized.




Cautionary Statements Regarding Forward Looking Information


This press release contains "forward-looking information" within the
meaning of Canadian securities legislation. Forward-looking information
includes, without limitation, statements regarding the Company's
exploration prospects and the anticipated use of proceeds of the
Offering. Generally, such forward-looking information can be identified
by the use of forward-looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking information
is subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including but
not limited to: (i) volatile stock price; (ii) the general global
markets and economic conditions; (iii) the possibility of write-downs
and impairments; (iv) the risk associated with exploration, development
and operations of mineral deposits; (v) the risk associated with
establishing title to mineral properties and assets; (vi) the risks
associated with entering into joint ventures; (vii) fluctuations in
commodity prices; (viii) the risks associated with uninsurable risks
arising during the course of exploration, development and production;
(ix) competition faced by the resulting issuer in securing experienced
personnel and financing; * access to adequate infrastructure to
support mining, processing, development and exploration activities;
(xi) the risks associated with changes in the mining regulatory regime
governing the resulting issuer; (xii) the risks associated with the
various environmental regulations the resulting issuer is subject to;
(xiii) risks related to regulatory and permitting delays; (xiv) risks
related to potential conflicts of interest; (xv) the reliance on key
personnel; (xvi) liquidity risks; (xvii) the risk of potential dilution
through the issue of common shares; (xviii) the risk of litigation;
and (xix) risk management.


Forward-looking information is based on assumptions management believes
to be reasonable at the time such statements are made, including but
not limited to, continued exploration activities, no material adverse
change in metal prices, exploration and development plans proceeding in
accordance with plans and such plans achieving their stated expected
outcomes, receipt of required regulatory approvals, and such other
assumptions and factors as set out herein. Although the Company has
attempted to identify important factors that could cause actual results
to differ materially from those contained in the forward-looking
information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such forward-looking information. Such forward-looking
information has been provided for the purpose of assisting investors in
understanding the Company's business, operations and exploration plans
and may not be appropriate for other purposes. Accordingly, readers
should not place undue reliance on forward-looking information.
Forward-looking information is made as of the date of this press
release, and the Company does not undertake to update such
forward-looking information except in accordance with applicable
securities laws.


This press release does not constitute an offer to sell or a
solicitation of an offer to buy securities, nor shall there be any sale
of securities, in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction. The securities have not been and
will not be registered under the United States Securities Act of 1933,
as amended, (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to or for
the account or benefit of a U.S. person (as defined in Regulation S
under the U.S. Securities Act) unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.


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 release.



SOURCE: Mason Graphite Inc.



For further information:



about Mason Graphite, visit http://www.masongraphite.com/">www.masongraphite.com or contact:

Investor Relations +1 (416) 861-1685 [email protected]

Simon Marcotte, Vice-President Corporate Development +1 (416) 309-2133

Benoit Gascon, President & CEO +1 (514) 289-3574

Montreal Office 2000 McGill College Avenue, Suite 2210 Montreal, QC H3A 3H3

Toronto Office 65 Queen Street West, Suite 800 Toronto, ON M5H 2M5