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Canada Carbon Finalizes Purchase of Past Producing Lump/Vein Graphite Property and Two Flake Graphite Properties

Canada Carbon Inc. (CCB.V) has closed the previously announced agreement to acquire certain mining claims in relation to three properties: the Miller, Walker and Dun Raven graphite mines with 9228-6202 Quebec Inc., a private Quebec corporation.

Paul Ogilvie CEO commented: "We are very pleased with the acquisitions. The Miller property will add great value to our business model; the opportunity to own a lump/vein graphite project is very exciting, we look forward to starting work as soon as possible. We anticipate the Walker and Dun Raven properties will be secondary material feed stock for our mill".

The Miller Mine is a past producer of graphite located 70km west of Montreal. This mine may have been the first graphite operation in Canada. It was worked around 1845 to at least 1900 when it was reported that a twenty-five car trainload of lump graphite was shipped from the deposit.

The Walker Mine is a past producer of graphite located 30 km northeast of Ottawa.

The Dun Raven is a graphite deposit located near Shawville, QC, about 80km west of Ottawa.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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