[Marinir] {Disarmed} Standard Graphite (TSX-V: SGH) Begins Resource Drilling At Mousseau East Graphite Deposit in Quebec

Wed Aug 8 17:06:08 CEST 2012

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http://www.standardgraphite.com/s/home.asp 

Standard Graphite Begins Resource Drilling At Mousseau East Graphite 
Deposit in Quebec 

Standard Graphite Corp. (TSX-V: SGH 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=SGH&region=C&lookup=symbol&snapshot=default 

) is pleased to announce that drilling has commenced on the Mousseau 
East property. The company is planning a 3000 m diamond drilling program 
aimed at qualifying and expanding the historical resource as well as 
exploring for additional potential resources elsewhere on the project. 

Standard has contracted MRB & Associates ("MRB") of Val-d'Or, Québec and 
P&E Mining Consultants ("P&E") of Toronto, Ontario to produce a NI 
43-101 compliant resource estimate on its flagship Mousseau East 
property, based on the historical work. To validate previous results, a 
diamond drilling program has been designed to replicate a number of 
historical diamond drill holes emplaced on the main zone. The planning 
and execution of the drilling operations, including the logging and 
sampling of the core, will be carried out under the supervision of MRB. 
The modeling of the graphite zone(s) and the resource estimate 
calculation will be completed by P&E, based on the data validated by MRB 
during the drilling phase. 

Standard is also planning additional diamond drilling outside of the 
main zone targeted at expanding the historical resource along strike and 
at depth. Previous work during the diamond drill programs completed 
between 1989 and 1992 has shown that the resource remained opened in 
every direction and also at depth. The drill holes have been planned to 
intersect the extension of the current mineralization at shallow depths. 
Lastly, the program will conclude with the testing of some additional 
targets that have been highlighted during the airborne geophysical 
survey and currently being investigated on surface. 

Chris Bogart, President and CEO comments: "This drill program is 
significant for Standard as it will allow us to confirm and target 
expansion of the historical resource. Our recent geologic work and 
interpretations have shown that the potential is excellent both in the 
direct extension of the current Mousseau body and elsewhere on the 
property." 

The Mousseau East Deposit was discovered in 1983 following the 
emplacement of a new road in the area north of Ste-Véronique, Québec. 
Systematic exploration was carried out by Graphicor between 1989 and 
1993 with property-scale electromagnetic geophysical surveys along cut 
grids, and exploration and definition drilling, leading to resource 
estimates. The preliminary evaluation of the mining potential was based 
on resource estimates calculated internally in 1992 by Graphicor 
Resources for the levels comprised between surface and -40 metres. This 
estimate was further verified and validated independently by Derry, 
Michener, Booth and Wahl (DMB&W), now based in Vancouver. The historical 
non-NI 43-101 compliant estimates quoted are presented in the table 
below. 

Mousseau East Deposit 

Historical Resource Estimates 

Category 

Proven 

Probable 

Possible 

Tonnes 

Grade 

(% Cg) 

Tonnes 

Grade 

(% Cg) 

Tonnes 

Grade 

(% Cg) 

Graphicor 

598,480 

8.29 

219,450 

8.13 

288,760 

7.85 

DMB&W 

578,500 

8.02 

528,080 

8.28 

A qualified person has not completed the work necessary to verify the 
historical estimates as mineral reserves or resource for purposes of NI 
43-101. The Company is not treating the historical mineral resource 
estimates as NI 43-101 defined current resources or reserves. The 
historical estimates should not be relied upon. This property will 
require considerable further evaluation, which Standard's management and 
consultants intend to carry out in due course. 

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. 

About Standard Graphite 

Standard Graphite Corp is focused exclusively on the exploration and 
development of a large portfolio of flake graphite properties in Canada. 
The company is rapidly positioning itself as North America's premier 
pure-play graphite exploration company and it controls 100% interest in 
13 highly prospective graphite properties within known graphite 
districts in both Quebec and Ontario. An aggressive 2012 exploration 
strategy has commenced and will be implemented by a geologic team with 
the pedigree of a previous world-class graphite discovery. 

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 

info at standardgraphite.com 

www.standardgraphite.com 

http://www.standardgraphite.com 

Investor Inquiries 

G2 Consultants Corp. 

NA Toll-Free: (866) 742-9990 

Tel: (604) 742-9990 

info at g2consultants.com 

Cautionary Statement: 

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. The 
foregoing information may contain forward-looking statements relating to 
the future performance of Standard Graphite Corp. Forward-looking 
statements, specifically those concerned with future performance are 
subject to certain risks and uncertainties, and actual results may 
differ materially. These risks and uncertainties are detailed from time 
to time in Standard Graphite Corp.'s filings with the appropriate 
securities commissions. 

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