NEWS RELEASE.

October 18, 2012: Vancouver, BC – Strike Graphite Corp. (Stock Profile – TSXV: SRK) reports that srill core from the recently completed Simon Lake drill program as announced on October 2, 2012 has been prepared for metallurgical test work, and will be forwarded for processing upon selection of a laboratory with appropriate experience in processing graphitic ores.

Initial test work will quantify the flake size distribution(s) in each of the graphitic horizons, which the company views as a critical step in characterizing the Simon Lake graphite occurrences. Additional metallurgical testing will assist in understanding the processing requirements required to achieve a high-purity graphite product; which in turn will help guide the next round of drilling.

Future exploration will focus on those parts of the Simon Lake Graphite horizon with the most promising combination of grade, flake size , location and near surface tonnage potential. It is anticipated that this next drill program will commence during winter 2012/2013, contingent upon completion of the initial metallurgical work program.

Historic reports of coarse graphite at Simon Lake were confirmed during the drilling of the mineralized horizon in 2012. Results indicate a graphitic carbon content in the 3-4% range consistently over 20 – 30 m thickness intercepted at 100 to 200 m depths interpreted to continue to surface.