June 19, 2012 (Source: Big North Graphite) – Vancouver, B.C., BIG NORTH GRAPHITE CORP. (TSX-V: NRT) (the "Company" or "Big North"), is pleased to announce the appointment to the board of directors of Mr. Erik Ostensoe, P. Geo., effective June 15, 2012.
Mr. Ostensoe is a consulting geologist with more than forty years direct involvement with the mining and mineral exploration industries. He is a graduate in Honours Geology of the University of British Columbia and is a member of the BC Association of Professional Engineers and Geoscientists and the Northwest Territories/Nunavut Association of Professional Engineers, Geologists and Geophysicists. Mr. Ostensoe supervises property exploration and development projects from "grassroots" to advanced stages and provides recommendations to management of junior and medium sized public companies. He has previously been employed by Newmont, Hecla and Armco and has directed early work on Pretium/Seabridge's Sulphurets, Copper Fox's Schaft Creek and TTM Resources' Chu deposits.
The Company also announces that its Board of Directors has approved the grant of 430,000 stock options to directors, officers, employees and consultants of the Company pursuant to the Company's approved stock option plan. The options are exercisable at a price of $0.10 per share, have a term of five years and will vest immediately. In connection with his appointment, Mr. Ostensoe has been granted 250,000 of the aforementioned stock options.
For further information concerning this press release, please contact Spiro Kletas at (604) 629-8220.
ON BEHALF OF THE BOARD
President and Chief Executive Officer