VANCOUVER, BRITISH COLUMBIA–(April 16, 2012) – Standard Graphite Corp. (TSX VENTURE:SGH) (the “Company”) is pleased to report that a series of four (4) conductors were highlighted on its Carheil property located in northeastern Québec, following an airborne survey conducted in early March 2012 by Aeroquest Inc.

The Carheil property, acquired in the fall of 2011, is part of a series of claim blocks designated around the town Fermont, Quebec, showing the same geology as the nearby Lac Knife deposit (Focus Metals), which is approximately 10 km away. Previous exploration in the area had revealed numerous massive graphite boulders, remnants of the last glaciation period, believed to have originated from a very proximal source. The property was recently extended following the results from the current survey; it is now comprised of 25 designated claims covering some 3885 hectares.

The airborne survey covered the entire claim block and consisted of 300 line kilometres measuring the magnetic and electromagnetic responses of the underlying rocks. The interpretation of this data suggests four distinct conductors cutting across the entire length of the property for strike lengths of up to 6 km. The survey clearly outlined a 1 km section that forms the direct extension of the Lac Carheil occurrence located some 500 metres to the southeast of our current claims.

On the surface, rocks of the Menihek formation, strongly metamorphosed graphite-bearing pelitic sediments, characterize the geology of the area. This geological formation accounts for the vast majority of the graphite occurrences in the region.

Please click the following link for the EM Map for Carheil:

http://www.standardgraphite.com/i/pdf/Careil.pdf

Chris Bogart, President and CEO of Standard Graphite, comments: “The Carheil property is turning out to be a significant target, displaying some impressive conductors overlying a very favorable geology. Our assets are getting stronger and stronger as we are successfully progressing through our 2012 Exploration program.”

Aeroquest International Ltd., using a helicopter rigged with a magnetometer and TDEM systems, performed the airborne survey and post treatment of the data. The survey was designed to optimize the response from potential conductors and to discriminate between the types of conductors.

Antoine Fournier, P.Geo., manages Standard’s exploration and development programs and is the Qualified Person as defined by National Instrument 43-101. He supervised the preparation of the technical information in this release.

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 company and it controls 100% interest in 13 highly prospective graphite properties within known graphite districts in both Quebec and Ontario. An aggressive 2012 exploration strategy has commenced and will be implemented by a geologic team with the pedigree of a previous world-class graphite discovery.

ON BEHALF OF THE BOARD

Chris Bogart, President & CEO

Cautionary Statement:

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.