Standard Graphite Announce Brokered Private Placement for Up to $3,000,000 (ccnm)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 5, 2012) - Standard Graphite Corp. (TSX VENTURE:SGH) (the "Company") has entered into an agreement with Industrial Alliance Securities Inc. (the "Agent"), for a Brokered Private Placement on a "best efforts" basis for gross proceeds of up to $3,000,000 (the "Offering").

The Offering consists of the issuance of a maximum 3,529,411 units at a price of $0.85 per unit (the "Units").

Each Unit will consist of one common share at a price of $0.85 and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to subscribe for one common share at a price of $1.10 for a period of eighteen (18) months following the closing of the Offering. The Warrants are subject to an accelerated expiry which comes into effect once the shares trade above a weighted average price of $1.35 for any twenty consecutive trading-day period, subsequent to four months from Closing. In the event of an accelerated expiry, the expiry date will be the earlier of the regular 18 month expiry date and the 30 days from the date the Company advises the placees of the accelerated expiry.

The net proceeds from the issuance of the Units of the Offering will be used by the Company to incur expenditures on the Company's Quebec and Ontario high priority graphite properties.

At the closing of the Offering, the Issuer shall pay to the Agent a fee equal to 7% of the gross proceeds received by the Issuer from the sale of Units sold pursuant to the Offering. The Issuer shall grant to the Agent compensation options entitling it to purchase that number of Common Shares equal to 7% of the total number of Units sold pursuant to the Offering, exercisable in whole or in part at the price of the Units for a period of 18 months from the closing of the Offering.

The Offering is scheduled to close on or about April 17, 2012 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a four month and one day hold period from the date of closing of the Offering.

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