NEWS RELEASE.

March 28, 2012: Vancouver, BC – Strike Graphite Corp. (Stock Profile – TSXV: SRK) announced it received exploration drill permits for its Simon Lake Property, located in northern Saskatchewan.   The permit will allow the Company to begin the ground exploration on the approximately 25 km long conductive horizon that was recently confirmed with a high-resolution airborne TDEM survey (see news release of February 23, 2012).

The next stage of exploration is designed to accomplish the following:

•    Confirm with drill testing the known graphite occurrences along the 5.5 km long conductive trend
•    Drill test the new high-priority targets along the recently identified 25 km long conductive trend
•    Process drill-core material for graphite mineralogical characterization and initial metallurgical testing

The company is finalizing the scope of its drilling program and anticipates mobilizing the field crew and drilling contractor within the next 1-2 weeks.

To learn more about the Simon Lake graphite project – CLICK HERE.

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