EDITOR: | September 11th, 2014

Graphite One Announces Results of Annual General and Special Meeting

| September 11, 2014 | No Comments

Graphite-One-Resources-200x125September 11, 2014 (Source: Marketwired) — Graphite One Resources Inc. (TSX VENTURE:GPH)(OTCQX:GPHOF) (“Graphite One” or the “Company”) is pleased to announce the results of the Annual General and Special meeting of the shareholders which took place on September 10, 2014.

Shareholders approved the following resolutions at the meeting:

  • The transition of the corporation’s jurisdiction from Alberta to British Columbia
  • The Company’s stock option plan
  • The re-appointment of the Company’s auditors for the upcoming year
  • The election of the corporations new slate of Directors (see below for details)

The continuation of the Company’s jurisdiction of incorporation from Alberta to British Columbia under the Business Corporations Act (British Columbia) will be effective upon the approval from the Alberta and British Columbia corporate registries. The Company anticipates this will occur imminently. The continuation is not a reorganization, amalgamation or merger and will not alter shareholdings of the Company’s shareholders.

Shareholders approved the reappointment of Anthony Huston, Douglas Smith, Brian Budd and James Currie to the board. The Company is pleased to announce the appointment of one new Director, Patrick Smith who brings with him a rich background in the mineral exploration and mining sector including 17 years in Alaska. The Company wishes to thank Dean Besserer, Peter Kleespies and Dale Hansen for their service while on the Board of Directors.

The Company is also very pleased to announce the appointment of David Hembree to the position of General Manager Operations.

About Patrick Smith

Patrick R. Smith is a senior mining executive with over 35 years of executive management experience in the international mineral exploration and mining industry. Mr. Smith is currently President and CEO of Heatherdale Resources Ltd. Heatherdale is focused on the exploration and development of the advanced stage Niblack polymetallic deposit in Alaska.

Prior to his current role with Heatherdale Resources Ltd., Mr. Smith spent 32 years with Rio Tinto plc. During his tenure with Rio Tinto, he held numerous senior management positions culminating as Managing Director of Exploration, Australasia Region based in Perth, Australia. Prior to that, Mr. Smith held the role of Exploration Executive reporting to the Head of Exploration for Rio Tinto based in London. His international experience included the role of Country Exploration Manager, Chile for Riominex (subsidiary of Rio Tinto) based in Santiago from 1994 – 1997. Mr. Smith is the founding member of Rockford Resources LLC, a private minerals consulting company, and has successfully managed exploration programs in Alaska for over 17 years.

About David Hembree

Mr. Hembree has over 35 years of experience in the mineral resource industry including experience in exploration, development and production of both open pit and underground operations. Prior to joining Graphite One, Mr. Hembree held the position of Vice President of Exploration and Qualified Person with Kimber Resources Inc., where he was instrumental in the sale of their Monterde gold-silver deposit in Mexico. Previously he was US Exploration Manager and Q.P. for Golden Predator Mines US. Mr. Hembree has also worked as Chief Geologist at the open pit operations of Mineral Ridge Resources and Mt. Hamilton Mining Co. as well as US Exploration manager for Queenstake Resources USA. He holds a B.Sc. degree in Geology from Fort Lewis College in Durango, Colorado and is a Certified Professional Geologist with the A.I.P.G. and is a Registered Geologist in the State of Oregon. Mr. Hembree will act as the Qualified Person for Graphite One under NI 43-101.

“I am very pleased with the results of the AGM and shareholders’ approval of the direction the Company is taking. The appointment of Patrick Smith as a Director and Dave Hembree as General Manager Operations brings Graphite One new depth in terms of additional experience in the mineral exploration and mining sector and specifically operations in the United States” stated Douglas Smith, Executive Chairman.

Dean Besserer has resigned his position of VP Exploration effective immediately and continues his relationship with Graphite One through his consulting business.

About Graphite Creek

The Graphite Creek Property comprises 129 claims totaling 6,799 hectares on the Seward Peninsula of Alaska, 65 kilometres north (40 miles) of a deep sea port at Nome.

Mineralization at the Graphite Creek Property is characterized by coarse crystalline (large flake) graphite (greater than 80 mesh) within graphite-bearing schist(s). Please refer to the January 20, 2014 press release where Graphite One reports a NI 43-101 inferred resource of 284.71 million tonnes at 4.5% graphite (including 37.68 million tonnes at 9.2% graphite and 8.63 million tonnes at 12.8% graphite).

About Graphite One

Graphite One Resources Inc. is exploring with the intent to develop the Graphite Creek Project, USA’s only advanced staged large-scale, large flake graphite deposit. Graphite Creek reports a NI 43-101 inferred resource of 284.71 million tonnes at 4.5% graphite (including 37.68 million tonnes at 9.2% graphite and 8.63 million tonnes at 12.8% graphite). For more information please see www.graphiteoneresources.com.

“Anthony Huston” (signed)

For more information on Graphite One Resources Inc. please visit the Company’s website, www.GraphiteOneResources.com

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.

This release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts that address access to capital, regulatory approvals, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedar.com.

The mineral resource estimates reported in this press release were prepared in accordance with Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101“), as required by Canadian securities regulatory authorities. For United States reporting purposes, the United States Securities and Exchange Commission (“SEC“) applies different standards in the classification of mineralization. In particular, while the terms “measured,” “indicated” and “inferred” mineral resources are required pursuant to NI 43-101, the SEC does not recognize such terms. Canadian standards differ significantly from the requirements of the SEC. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories constitute or will ever be converted into reserves. In addition, “inferred” mineral resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, issuers must not make any disclosure of results of an economic analysis that includes inferred mineral resources, except in rare cases.


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