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Energizer Releases Latest Molo Assays and Announces Resource Drill Program; Targeting 50-100 M Tonne Graphite Deposit

Energizer Resources Inc. (EGZ.TO)today announced additional assay results from the Molo deposit on its Green Giant Project. The latest assays received from the Molo deposit confirm graphite mineralization is at surface, and extends to a vertical depth of at least 90 metres at grades between 6.9% and 14.6% carbon ( C ).

The Molo graphite deposit is located on the joint venture (JV) property with Malagasy Minerals Limited in Madagascar, in which Energizer has a 75% ownership interest.

The focus Will be on Molo Graphite Deposit and resource drilling is to begin within two weeks .

Based on work completed to date, the Company is targeting a resource between 50 and 100 million tonnes within a grade range of 6 to 10% C.

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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