Standard Graphite : Amends Mousseau Option Agreement

October 30, 2014

Standard Graphite Amends Mousseau Option Agreement

Vancouver, BC -- October 30, 2014 - Standard Graphite Corp. (TSXV: SGH) (the "Company"), is pleased to announce that the Company has amended the terms of its option agreement to acquire up to 100% of the Mousseau East Deposit ("Mousseau Agreement") located some 40 kilometres northeast of the town of Mont-Laurier in northwestern Québec. Please see the Company's news release dated June 25, 2012 for a full description of the original terms.

A summary of the amendments include:

1. Revising the $200,000 cash payment and $200,000 in common shares due on July 20, 2014 as follows:

1. Cash
   
   
2. $10,000 within 30 days of execution of the Amending Agreement;
3. $15,000 within 90 days of execution of the Amending Agreement;
4. $25,000 within 180 days of execution of the Amending Agreement;
5. $50,000 within 30 days from the commencement of an approved drill program; and
6. $100,000 within 180 days from commencement of an approved drill program and no later than 18 months from execution of the Amending Agreement;
   
   Shares
   
   
7. Within 5 business days from execution of the Amending Agreement, such number of Common Shares equal to $25,000 divided by the VWAP of the Common Shares;
8. Within 30 business days from execution of the Amending Agreement, such number of Common Shares equal to $25,000 divided by the VWAP of the Common Shares;
9. On or before twelve months from the execution of the Amending Agreement, such number of Common Shares equal to $50,000 divided by the VWAP of the Common Shares; and
10. Within 180 business days from the execution of this Amending Agreement, such number of Common Shares equal to $100,000 divided by the VWAP of the Common Shares.

All other terms and conditions of the Agreement remain unchanged.

About Standard Graphite
Standard Graphite Corp is focused exclusively on the exploration and development of a large portfolio of flake graphite properties in Canada. The company is rapidly positioning itself as North America's premier pure-play graphite exploration through the development of the historic Mousseau East Graphite project in Quebec

ON BEHALF OF THE BOARD

"Chris Bogart"
President & CEO

For further information, contact:
Corporate Information
Standard Graphite Corp.
Chris Bogart
President & CEO
Tel: [phone] Fax: [phone]
[e-mail]
www.standardgraphite.com

Cautionary Statement:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking statements relating to the future performance of Standard Graphite Corp. Forward-looking statements, specifically those concerned with future performance are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in Standard Graphite Corp.'s filings with the appropriate securities commissions.