NGC Northern Graphite Corp

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

Northern Graphite Corporation (TSX VENTURE:NGC) is pleased to announce that the
prefeasibility study ("PFS") currently underway on its Bissett Creek graphite
project will be upgraded to a full bankable Feasibility Study ("FS"). The FS is
scheduled for completion in November, 2011 and the Company expects to complete
the permitting process in the first quarter of 2012 at which time Northern will
be in a position to commence construction of the mine, subject to positive
results from the FS and to financing. 


The FS will be completed under the supervision of G Mining Services Inc.
Consultants currently working on the PFS will continue to fulfill their mandate
as part of the FS. SGS Canada Inc. - Geostat is preparing a new resource
calculation and mine plan, SGS Mineral Services (Lakefield) is confirming
previous metallurgical work and finalizing the mill flow sheet, Knight Piesold
Ltd. is completing environmental and mine permitting and designing the tailings
facility, and Met-Chem Canada Inc. is responsible for mill layout and design.


Gregory Bowes, Chief Executive Officer, commented that "Because a substantial
amount of work has been completed on the Bissett Creek project by ourselves and
previous owners, and it does not present any unusual engineering or technical
challenges, it became apparent that the PFS could be upgraded to a FS in about
the same period of time and at a reasonable cost. The FS will provide a lot more
comfort to the market and potential strategic partners with respect to the
quality of our project and solidify Northern's position as one of the most
advanced new graphite projects in the world ."


About Northern Graphite Corporation 

Northern Graphite Corporation (TSX VENTURE:NGC) is an Ottawa based company that
has a 100% interest in the Bissett Creek graphite project which is located 17kms
from the Trans Canada highway between Ottawa and North Bay, Ontario. The Bissett
Creek deposit is relatively unique in that almost all production will be large
flake, high purity graphite whereas most deposits contain a blend of small flake
and amorphous powder with some large flake. The Company has completed a NI
43-101 preliminary assessment and the current resource estimate is sufficient
for a 45 year mine life producing almost 20,000 tonnes of graphite per year.
Existing resources, plus the results of recent drilling, indicate that the
deposit could produce at substantially higher rates, if required, to meet future
demand growth.  


The NI 43-101 Preliminary Assessment includes inferred resources which are
considered too speculative geologically to have economic considerations applied
to them that would enable them to be categorized as mineral reserves.
Furthermore, there is no certainty that the results projected in the preliminary
assessment will be realized and actual results may vary substantially. 


Don Baxter, P.Eng, President of the Company and a "Qualified Person" under NI
43-101, is responsible for and has reviewed and approved the technical content
of this press release.


The Graphite Market 

Graphite prices have more than tripled since 2005 due to the ongoing
modernization of China and other emerging economies which has resulted in strong
demand from traditional steel and automotive markets. New applications such as
lithium ion batteries, fuel cells and nuclear energy have the potential to
create significant incremental demand growth. It takes 20 to 30 times more
graphite than lithium, to manufacture a Li ion battery. However, production and
exports from China, which produces 70% of the world's graphite, are expected to
decline and an export tax and a licensing system have been instituted. Both the
European Union and the United States have declared graphite a supply critical
mineral. With one of the most advanced new graphite projects in the world, the
Company is well positioned to benefit from the continued improvement in demand
and prices. High growth, high value graphite applications require large flake
and/or high purity graphite which will represent almost all Bissett Creek
production. 


Additional information on Northern Graphite Corporation can be found under the
Company's profile on SEDAR at www.sedar.com and on the Company's website at
www.northerngraphite.com. 


This press release contains forward-looking statements, which can be identified
by the use of statements that include words such as "could", "potential",
"believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other
similar words or phrases. These statements are only current predictions and are
subject to known and unknown risks, uncertainties and other factors that may
cause our or our industry's actual results, levels of activity, performance or
achievements to be materially different from those anticipated by the
forward-looking statements. The Company does not intend, and does not assume any
obligation, to update forward-looking statements, whether as a result of new
information, future events or otherwise, unless otherwise required by applicable
securities laws. Readers should not place undue reliance on forward-looking
statements.

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