nt-Royal, Qu uébec Ville Mon H3P P 3C8

SR RG Graphite e Inc. Suite 132, 1320 Gra aham, Ville Mon nt-Royal, Qu uébec H3P P 3C8

PRESS RELEASE E NR 2017 7-10

FO OR IMMEDIATE RELE EASE

THIS NE EWS RELEA ASE IS NOT F FOR DISTRIB BUTION TO U UNITED STAT TES NEWSWIRE SERVICE ES OR FOR D DISSEMINAT TION IN THE UNITED STA ATES.

SRG G Graph hite Anno ounces $3M Str rategic E Equity F Financin ng With COR W RIS Capital SA

Montreal, Quebec, August 16

6, 2017 – S

SRG Graph

hite Inc. (T TSXV: SRG) (“SRG” o or the “Compan ny”) is plea ased to announce a non-broke ered private e placemen nt (the “Pr

rivate ts”) at a price of

Placeme

ent”) with CO ORIS Capita al SA (“CORIS”) of 7,5 500,000 unit ts (the “Unit per Unit, for total gross proceeds of C$0.40 p f C$3,000,000. Each U Unit will be c comprised o of one common share of the Company (a “Sha are”) and o one-half of one non-tra ansferable s share purchase Warrant”) will entitle CO e warrant. E Each whole w warrant (a “W ORIS to purc chase for a p period of 24 mo onths from th he date of closing (the “ “Expiry Date e”), one add ditional comm mon share o of the Company y (a “Warran nt Share”) a at an exercise price of $0 0.50 per Wa arrant Share.

.

“CORIS is a leader i in the West A African bank king, financi ial and inves stment secto ors and has been d Benoit La Salle, Exec actively i involved in the mining industry for quite some e time,” said cutive Chairman, SRG. “We e are privileg ged to welco ome CORIS S as a strateg gic partner a and contribu utor to the deve elopment of f SRG as th he Compan ny continues s its quest to become a leader in n the productio on and delive ery of cost e effective, qui ick-to-marke et, quality gra aphite.”

“This str rategic inves stment by C CORIS is a significant vote of con nfidence in SRG’s abil lity to successf fully and ef fficiently dev velop the Lo ola Graphite e project in n Guinea,” a added Dr. M Marc- Antoine A Audet, SRG’s President and CEO.

The Com mpany has a also agreed t to grant to C CORIS a pre e-emptive rig ght pursuant to which, f for so long as C CORIS holds s any equity y interest in t the Compan ny on a fully- -diluted basi is, it will hav ve the the Company (an right to p participate in n any future equity priva ate placemen nt or public offering of t y after completion g”) to allow it to maintain “Offering n the same p percentage i interest in th he Company of the Offering (assuming the conversion or exchange o of any convertible securit ties issued u under sted immediately prior to completio the Offer ring) as exis on of the O Offering. Upo on closing o of the Offering, CORIS will have the rig ght to nomin nate up to tw wo members to SRG’s board of direc ctors. The num mber of boar rd members to be nomi inated will b be determine ed based on n the percen ntage interest h held by COR RIS.

The Offering, which remains subject to the approval of the TSX Venture Exchange, is expected to close by the end of August 2017.

No finders’ fees or commissions will be payable. Net proceeds from the Private Placement will be used for exploration purposes and general working capital requirements. The securities issued under the Private Placement will be subject to a four-month restricted period.

ABOUT CORIS Capital SA

Coris Capital SA is a Mauritius-based company and a member of the Coris Group, which is controlled by Mr. Idrissa Nassa and includes Coris Capital SA and Coris Holdings SA. It has activities and investments in finance, telecom, mining and in the industrial sector. Coris Holdings SA is a private company based in Burkina Faso with investments in the banking (Coris International Bank), insurance (Coris Insurance), wealth management (Coris Financial Management) and industrial sectors (General Mining Logistics). Its activities are focused mainly in West Africa.

ABOUT SRG

SRG is a Canadian-based company focused on developing the Lola Graphite deposit, located in the Republic of Guinea, West Africa. SRG is committed to operate in a socially, environmentally and ethically responsible manner.

For additional information, please visit SRG’s website at www.srggraphite.com.

For more information contact:

SRG Graphite Inc. (SRG)

Dr. Marc-Antoine Audet, President & CEO Tel.: (514) 726-4158 Email: [email protected]

Jean-Paul Blais NXT Communications Tel.: +1 (514) 867-7447 Email: [email protected]

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This release contains forward-looking statements. More particularly, this release contains statements concerning the anticipated Private Placement. Although SRG believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because SRG can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The closing of the Private Placement could be delayed if SRG is not able to obtain the necessary regulatory and stock exchange approvals on the timelines it has planned. The Private Placement will not be completed at all if these approvals are not obtained or some other condition to the closing is not satisfied. Accordingly, there is a risk that the Private Placement will not be completely sold, completed within the anticipated time or at all. Additional information on these and other factors that could affect SRG’s operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com).