March 26, 2012

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Vancouver, B.C. - March 26, 2012 - Standard Graphite Corp. (TSXV: SGH) (the "Company") is pleased to report that it has identified two very large conductors through its recently completed EM Survey performed in January over its Black Donald Property, located some 140 km due east of Ottawa, Ontario. Additionally, the company has acquired additional claims in the Black Donald area following the interpretation of the airborne TDEM survey to secure the important claims that were associated with these newly identified conductors.

The survey highlighted two very long parallel and well-defined conductors lying North of Black Donald Lake; these appear to replicate the trend of the former Black Donald Mine. Some historical graphite occurrences are associated with these conductors that confirm the significance of this discovery. The trend is discontinuous and bends northward at its eastern edge, terminating in the Coronation Resources occurrence. Drilling in 1982 had produced very encouraging results of up to 5.80% Cg over widths up to 32ft (Storey, C.C. and Vos M.A., Industrial Minerals from the Pembroke - Renfrew Area, Part 2, Ontario Geological Survey, Mineral Deposits Circular 22, 1981).

Please click the following link for the EM Map for Black Donald:

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

These results prompted the company to extend the claim blocks by acquiring adjacent properties totaling ~ 500 ha. with the following terms:

Upon signing a Binding Agreement, C$5,000 and 15,000 common shares; 12 months from TSX approval, $10,000 and 20,000 common shares; 24 months from TSX approval, $15,000 and 25,000 common shares; 36 months from TSX approval, $50,000.

Chris Bogart, President and CEO states: "Standard is excited about this new acquisition and our excellent EM results. The project is now consolidated and the company is confident that this survey has greatly improved our ability to prioritize targets. We can now start the implementation of the next phase of work, a field reconnaissance program scheduled for April, 2012".

The Black Donald Property surrounds the now flooded Black Donald Mine that produced high purity graphite between 1895 and 1950, and that was reputedly one of the richest graphite deposits in the world. This property is the largest of the three (3) claim blocks optioned by Standard Graphite for the acquisition of a 100% interest (see press release November 21 2011). It covers approximately 9500 ha. and is underlain by Grenvillian gneisses, favorable host rocks for graphite. During the month of January 2012, an airborne TDEM survey, consisting of 1492 line kilometres, was conducted by Prospectair Geosurveys over the properties located in Ontario to evaluate the extent of the known occurrences and help in the discovery of new mineralization.

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.


ON BEHALF OF THE BOARD

"Chris Bogart"
President & CEO


For further information, contact:

Corporate Information
Standard Graphite Corp.
Chris Bogart
President & CEO
Tel: (604) 683-2509 Fax: (604) 683-2506
[email protected]
www.standardgraphite.com

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