NEWS RELEASE.

February 23, 2012: Vancouver, BC – Strike Graphite Corp. (Stock Profile – TSXV: SRK) announced today that Geotech Ltd. has completed the previously announced helicopter-borne VTEM – Electromagnetic Survey of its Simon Lake Graphite property located within north eastern Saskatchewan.

Preliminary data from the VTEM survey has highlighted a strong conductive horizon associated with the known graphite mineralization at Simon Lake, and extending well beyond the known limits of the historic mineralization.  Based upon the preliminary survey data, the conductive area is estimated to exceed 25 km in overall strike length.

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