Strategic Investment For Graphite Creek Project Region

VANCOUVER - Graphite One Inc. has arranged a strategic investment from the Bering Straits Native Corporation (BSNC). This is not just an investment in Graphite One, it is a long-term investment in the region.

“BSNC has watched for years as Graphite One has worked to advance the Graphite Creek project and become a friendly neighbor in the region," said Dan Graham, BSNC Interim President and CEO. “Graphite One has told us of its intent to develop an environmentally responsible project and provide an exciting economic opportunity for the region that hopefully will play a crucial role in the nation's transition to a clean energy future. This is at the heart of our Board's unanimous support of the project."

"After careful review and many long discussions, we believe Graphite One shares our values of land stewardship and providing benefits to the region. Our investment in Graphite One is about providing opportunities for BSNC shareholders and being proactive about the future of our region," said BSNC Chair Cindy Massie.

"We are grateful for and humbled by BSNC's support. Working collaboratively, we can make Graphite Creek a project to be modeled after in Alaska and nationwide," said Anthony Huston, President and CEO of Graphite One. "BSNC is a dynamic development force in Alaska, with an unwavering commitment to community and heritage." Huston continued. "All of us at G1 look forward to partnering with BSNC on ways to make our project a model not just for Alaska -- but for a nation that is navigating the transition to a new energy future."