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Big North Graphite Samples From 40.23% to 66.98% Graphite in Preparation for the Re-Start of the Nuevo San Pedro Project, Sonora Mexico

Posted by AGORACOM-JC at 8:48 AM on Tuesday, February 12th, 2013

Feb 12, 2013 — Vancouver, B.C., February 12, 2013 – BIG NORTH GRAPHITE CORP. CA:NRT +18.75% (the “Company” or “Big North”), announced today the sample results from the Nuevo San Pedro Property, the Company’s principal property within its Mexican Graphite Project. The samples were taken in preparation for the re-starting of the Nuevo San Pedro Mine and included a sample of 66.98% graphite. An announcement on the re-start of the Nuevo San Pedro Mine will be made once final preparations are concluded.

The samples were taken during the due diligence property visit by R. Tim Henneberry, P.Geo., Big North’s independent QP. Three grab rock samples were taken. A grab sample from an active sub-drift face returned 66.98% graphite. A grab sample of the coarse fraction from a surface stockpile returned 40.23% graphite and a grab sample of the fine fraction from the same surface stockpile returned 49.48% graphite.

In November of 2012, the Company reported that Phase One of the development of the Nuevo San Pedro mine had been completed, including the delivery of heavy equipment and repair and construction of haul ways and existing access roads to the mine site were completed. Site prep and clearing at the mine site along with enlargement of stockpiling areas allowing for immediate sorting and shipping of mined graphite. The underground workings have been cleared and stabilized for safety and will allow for mining to begin immediately. Two new drills and support equipment and a compressor have been delivered and ready for use. Electric generator power and a cable winch have been installed for extracting graphite from the lower levels. The Company has obtained approval and permits for the use of explosives and the first holes were drilled and ready to blast.

The Nuevo San Pedro Mine is located in the San Jose de Moradillas region, a region that has produced graphite for more than 100 years. San Jose de Moradillas is located approximately 45 kilometers southwest of the city of Hermosillo, Mexico. The Nuevo San Pedro amorphous graphite mine previously produced graphite until 2002.

The samples were analyzed at Acme Analytical Laboratories Ltd. in Vancouver, British Columbia, an ISO 9001 certified lab. Acme employed the Group 2A-09 by Leco procedure where graphite carbon is determined by pre-igniting a prepared sample split at 600oC for 1 hour, leaching with HCl, then analyzing the residue by Leco.

Big North Graphite President Spiro Kletas commented, “We are very encouraged by these results and the Company continues to aggressively pursue the stated goal of re-starting the Nuevo San Pedro Mine.”

R. Tim Henneberry, P Geo., a consultant to Big North, is the Qualified Person as defined in National Instrument 43-101 who has reviewed and approved the technical content of this news release.

For further information please contact Spiro Kletas at (604) 629-8220.

ON BEHALF OF THE BOARD

(signed) “Spiro Kletas”

Spiro Kletas

President and Chief Executive Officer

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.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

Big North Announces Acquisition of Grafito La Barranca Sa De CV, Including 3 Past Producing Graphite Mines

Posted by AGORACOM-JC at 2:45 PM on Tuesday, November 20th, 2012

Vancouver, B.C., NOV 20, 2012 – BIG NORTH GRAPHITE CORP. (TSX-V: NRT) (the “Company” or “Big North”), is pleased to announce that further to its press release dated September 10, 2012, it has signed a Definitive Mineral Property Option Agreement (the “Option Agreement”) with Can-Am Gold Corp. (the “Vendor”) to acquire all of the issued and outstanding shares of Grafito La Barranca SA de CV (“Grafito”), held by the Vendor (which shares represent 99.9% of the issued and outstanding share capital of Grafito).  Grafito is the registered and beneficial owner of two mining concessions located in Sonora, Mexico, which encompass the past producing Nuevo San Pedro, Caraples and La Fortuna amorphous graphite mines.

Grafito holds a 100% interest in the Aki Wiki concession (“Aki Wiki”) and has a 50/50 joint venture on the Nuevo San Pedro property (“Nuevo San Pedro”, and together with Aki Wiki, the “Property”), a past producing amorphous graphite mine which is currently being re-opened. Both concessions are located in the San Jose de Moradillas region, a region that has produced graphite for more than 145 years. San Jose de Moradillas is located approximately 45 kilometers southwest of the city of Hermosillo, Mexico.

Big North Graphite President & CEO Spiro Kletas states, “We are very pleased to announce the close of the Grafito la Baranca acquisition.   The projects are in the mining friendly state of Sonora, Mexico and have great infrastructure and access. The San Jose de Moradillas region has a rich history of amorphous graphite production. The company intends to help accelerate the re-start of the Nuevo San Pedro mine, along with our JV partner, and we intend to produce amorphous graphite in the near future.  The Company’s goal is to be amongst the first TSX Venture Exchange (the “TSX.V”) companies to produce graphite and we believe that this acquisition puts us in line to accomplish this goal.”

Further details regarding the Property can be found in the Company’s Sept 10, 2012 press release. Maps of the Property will be posted on the Company’s website at: http://www.bignorthgraphite.com/.

The Option Agreement

Pursuant to the terms of the Definitive Agreement, Big North will acquire 100% of the interests held by the Vendor in the Property by acquiring all of the issued and outstanding shares held by the Vendor in Grafito by making the following payments and issuing the following common shares to the Vendor:

-US$25,000 upon signing the LOI as a non-refundable deposit; 
(PAID)

-US$25,000 upon signing of the Definitive agreement

-US$150,000 and 1.2 million shares of Big North Graphite within 5 business days of TSX.V approval (“Effective Date”)

-On or before the 6 month anniversary of the Effective Date, issue the vendor an additional 500,000 shares of Big North Graphite

-On or before the first anniversary of the Effective Date, issue the vendor an additional 500,000 shares of Big North Graphtite.

The Vendor and Big North are arm’s length parties as defined by the policies of the TSX Venture Exchange (the “TSXV”). A finder’s fee of $20,000 CDN will be paid in connection with this Transaction as permitted by the policies of the TSX.V, and is subject to TSX.V approval.

The Transaction is subject to TSXV approval.

For further information concerning this press release, please contact Spiro Kletas at (604) 629-8220.

ON BEHALF OF THE BOARD

“Spiro Kletas”
Spiro Kletas
President and Chief Executive Officer

Neither 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.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

Big North Enters into Letter of Intent to Acquire Three Past-Producing Graphite Mines in Sonora Mexico

Posted by AGORACOM-JC at 10:34 AM on Monday, September 10th, 2012

Vancouver, B.C., September 10, 2012 – BIG NORTH GRAPHITE CORP. (TSX-V: NRT) (the “Company” or “Big North”), announced today that the Company has entered into a letter of intent (the “LOI”) with Can-Am Gold Corp. (the “Vendor”) to acquire all of the issued and outstanding shares of Grafito La Barranca SA de CV (“Grafito”), held by the Vendor (which shares represent 99.9% of the issued and outstanding share capital of Grafito)(the “Transaction”).  Grafito is the registered and beneficial owner of two mining concessions located in Sonora, Mexico.

Grafito holds a 100% interest in the Aki Wiki concession (“Aki Wiki”) and has a 50/50 joint venture on the Nuevo San Pedro property (“Nuevo San Pedro”, and together with Aki Wiki, the “Property”), a past producing amorphous graphite mine which is currently being re-opened.  Both concessions are located in the San Jose de Moradillas region, a region that has produced graphite for more than 145 years.  San Jose de Moradillas is located approximately 45 kilometers southwest of the city of Hermosillo, Mexico.

Aki Wiki consists of approximately 145 hectares. There are two past producing mines on the property, La Fortuna and Caraples.  Aki Wiki is located approximately 1.5 kilometers south of the historic El Cochi graphite mine, where there was a town of more than 600 workers living there at that time. The peak of graphite production for the region occurred in 1996, when the region produced and shipped approximately 58,000 tons.

Nuevo San Pedro is an approximately 11 hectare property located north of Aki Wiki and near the town of La Colorada. The La Lourdes graphite mine, which has been in operation for approximately 50 years, is located less than 1 kilometer to the north.  Nuevo San Pedro is a past producing mine, which shut down due to low graphite prices.  The mine is currently being re-opened.

Pursuant to the terms of the LOI, Big North will acquire 100% of the interests held by the Vendor in the Property by acquiring all of the issued and outstanding shares held by the Vendor in Grafito by making the following payments and issuing the following common shares to the Vendor:

-US$25,000 upon signing the LOI as a non-refundable deposit;

-US$75,000 within 5 days of TSX Venture Exchange (“TSXV”) acceptance of the definitive agreement for the Transaction (the “Effective Date”);

-US$100,000 upon the first year anniversary of the Effective Date, or upon completion of a minimum $1,500,000 equity financing of Big North, whichever occurs earlier;

-1,200,000 common shares in the capital of Big North (“Big North Shares”) within 5 days of the Effective Date;

-500,000 Big North Shares on or before the 6 month anniversary of the Effective Date; and

-500,000 Big North Shares on or before the 12 month anniversary of the Effective Date.

The Vendor and Big North are arm’s length parties as defined by the policies of the TSX Venture Exchange (the “TSXV”).  A finder’s fee may be paid in connection with this Transaction up to the maximum permitted by the policies of the TSXV.

The Transaction is subject to a number of conditions and approvals, including, but not limited to, satisfactory due diligence, settlement of a definitive agreement, required corporate approvals and TSXV approval.  There can be no assurance that the Transaction will be completed as proposed or at all.

For further information please contact Spiro Kletas at (604) 629-8220.

ON BEHALF OF THE BOARD

(signed) “Spiro Kletas” Spiro Kletas President and Chief Executive Officer

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.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

Big North Graphite commences work program at Grand Lac du Nord Graphite Project, Quebec

Posted by AGORACOM-JC at 9:55 AM on Thursday, June 28th, 2012

Jun 28, 2012 — Vancouver, B.C., June 28th, 2012 – BIG NORTH GRAPHITE CORP. CA:NRT 0.00% (the “Company” or “Big North”) announced today that it has commenced field work on its Grand Lac du Nord Graphite property, located approximately 140 kilometers northwest of Sept-Iles, Quebec. The company recently received the permit for the construction of a temporary exploration camp. The installation of the camp will take approximately 10-12 days and will be followed by Phase 1 exploration.

The Phase 1 work program will consist of prospecting, mapping and sampling, and confirmation of SOQUEM’s 2000 and 2001 ground work results. The work program will be completed by the end July, 2012 and will be performed by Consul-Teck Exploration Inc of Val d’Or, QC.

This work will be followed by a Phase 2 program, consisting of a minimum planned 3000 meters of diamond drilling. Drilling will commence as soon as all of the results of Phase 1 and necessary permits are received. The objective of the planned drilling campaign is to provide a NI43-101 resource calculation by the end of fall of 2012.

Grand Lac du Nord Property:

The Grand Lac du Nord Property (the “Property”) consists of one contiguous claim block totaling approximately 2,009 hectares (20.09 km) located approximately 140 kilometers northwest of Sept-Iles, Quebec. The property is accessible via paved and logging roads.

The Property was previously explored by SOQUEM, Inc. following up on airborne electromagnetic (EM) anomalies. Ground work in 2000 and 2001 identified a high grade sillimanite formation. The presence of graphite over the property was also noted visually but not given any focus at the time.

The Property contains a graphitic paragneiss formation approximately 8 kilometres in length by 1 to 2 km wide. The formation is composed of quartz, graphite, biotite and sulphides. The sulphides are in veinlets or disseminated in the paragneiss while the graphite is in disseminated flakes. A second formation parallel with the above consists of a sillimanite paragneiss band, also 8 km in length with a width of about 1 to 2 km. This horizon composed of quartzfeldspars, sillimanite, graphite, biotite, garnet and cordierite. The formation is intercalated with bands of quartzite.

The exploration target is a crystalline flake graphite deposit similar to other graphite deposits and mines in Quebec such as Focus Metals Inc.’s CA:FMS -1.41% Lac Knife Deposit and Timcal Graphite and Carbon’s Lac des Iles Mine.

Jean-Sebastien Lavallee (OGQ #773), geologist, a Qualified Person as defined by National Instrument 43-101, independent of Big North, and an Optionor of the Property, has reviewed and approved the technical content of this release.

For further information concerning this press release, please contact Spiro Kletas at (604) 629-8220.

ON BEHALF OF THE BOARD

“Spiro Kletas”

Spiro Kletas

President and Chief Executive Officer

Neither 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.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

The Graphite Digest — A roundup of recent news from graphite explorers

Posted by AGORACOM-JC at 11:15 AM on Monday, June 11th, 2012

Big North completes SE Ontario EM Survey, ends IR Agreement

Big North Graphite Corp (TSXV:NRT) announced June 8 completion of an airborne electromagnetic survey of 1,187 line-kilometres with 100-metre spacing over its Griffith and Brougham properties in southeast Ontario. Preliminary data suggests both properties show conductors, including coincident features to the known graphite showings. Final data is expected next week and will be used to direct ground geophysics, mapping and sampling.

The company also announced it has terminated an investor relations agreement with Trident Financial announced on April 19. The Griffith-Brougham land package covers 6,500 hectares in a region that includes Ontario Graphite’s Kearney Mine and Northern Graphite’s (TSXV:NGC) Bissett Creek Project.

 

Read an interview with Big North Graphite President/CEO Spiro Kletas.

Galaxy completes Airborne Surveys of Quebec Graphite Project, approves Name Change

Galaxy Capital Corp (TSXV:GXY) announced June 7 completion of helicopter-borne electromagnetic and magnetometer surveys on its Buckingham Property in west Quebec. Preliminary results from the 162-line-kilometre survey are expected within three weeks and will be used to direct a program of ground geophysics, prospecting, mapping and sampling.

On June 6, the company announced shareholder approval of a change of name to Galaxy Graphite Corp. Contingent on TSXV approval, the stock symbol will remain the same. The 1,324-hectare Buckingham Property consists of two former mines 40 kilometres east of Ottawa. The host rocks for both deposits are graphitic crystalline marbles, similar to the host stratigraphy at Timcal Graphite & Carbon’s Lac-des-Îles Graphite Mine, the company has stated.

Rare Earth Metals begins Ground EM Survey on NW Ontario Graphite Property

Rare Earth Metals Inc (TSXV:RA) announced June 7 it has begun line-cutting and a ground electromagnetic survey on its Manitouwadge Graphite Property in northwest Ontario. The company intends to determine the strike length and continuity of graphite zones outlined by an EM survey flown in 1989. Three graphite horizons have been identified so far through historic work and recent trenching. The zones range from four to 12 metres thick with chip samples showing 2.04% to 4.18% carbon. Screen tests on the higher-grade composite sample confirmed the presence of +65 mesh and +35 mesh flake graphite. Additional metallurgical results are pending.

The company has two advanced projects in Ontario and Labrador, with rare earth elements, niobium, beryllium, zirconium and iron ore. The company has also acquired the Coldwell Complex and the Lavergne-Springer REE Prospect, both in north Ontario.

Standard Graphite reports EM Conductors on Quebec Graphite Property

Standard Graphite Corp (TSXV:SGH) announced June 5 airborne geophysical results from its Kiamika Property in west Quebec. Initial results confirm that surface occurrences are associated with a conductor crossing the entire property over a 3.5-kilometre strike length. A second conductor 750 metres east replicates the first and expands the project’s potential, the company stated.

The 888-line-kilometre TDEM survey included three other properties: Preston, 31 Milles and Notre Dame. Results are pending for those properties and will help determine follow-up work scheduled for later this month. All four properties lie within 90 kilometres of Standard’s flagship Mousseau East Project in the Central Metasedimentary Belt of the Grenville Geological Subprovince. Mousseau East has a 1992 non-43-101 resource estimate showing 598,480 tonnes grading 8.29% carbon proven, 219,450 tonnes grading 8.13% probable and 288,760 tonnes grading 7.85% possible.

Read a feature story about Standard Graphite.

Focus to acquire Brazil Graphite Project from Lara Exploration

Focus Graphite Inc (TSXV:FMS) and Lara Exploration Ltd (TSXV:LRA) announced June 4 a letter of intent in which Focus will acquire up to a 60% interest in the Canindé Graphite Project in Ceará State, northeast Brazil. Under the agreement’s first option, Focus may earn a 51% interest by issuing Lara a total of 500,000 shares and spending $2.5 million within three years. Exploration must include an EM survey and 2,000 metres of drilling.

Under the second option, Focus may earn an additional 9% interest by spending a total of $4.5 million within five years, including completion of an additional 5,000 metres of drilling and a positive PEA.

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If Focus declines or fails to exercise the second option, the two companies will create a 51/49 joint venture. If Focus exercises the second option, the companies will create a 60/40 JV. Both companies will fund exploration proportionately and the party holding majority interest will be deemed the project operator. If a party’s interest falls to less than 10%, its interest in the JV will be converted to a 2% production royalty.

Canindé is subject to a 1% royalty payable to a third party on gross revenue up to R$750,000 (750,000 Brazilian reais, approximately $369,000) as well as a one-time payment of R$200,000 (approximately $99,000) payable to the third party on completion of a non-NI 43-101-compliant Economic Graphite Reserve Estimate as defined by Brazil’s Departamento Nacional de Produção Mineral.

The 15,615-hectare project hosts 22 surface graphite occurrences discovered by Lara in mid-2011. The occurrences define a 16-kilometre-long graphitic corridor in high-grade metamorphic rocks. Individual graphite occurrences range from less than one metre to 10 metres wide and host grades ranging from 1% or 2% disseminated graphite in paragneiss and schist (mostly flakes), to over 50% graphite in narrow lenses in gneiss, schist, pegmatitic migmatites and brecciated horizons in gneiss. Surface grab samples from 15 of the occurrences show grades ranging from less than 1% up to 42%. The project is accessible by road.

The company’s flagship Lac Knife Graphite Project in northeast Quebec is scheduled for a PEA this month. The company states that it hopes to have offtake agreements and financing to begin mine construction following the PEA.

Read an interview with Focus President/CEO Gary Economo.

Read an interview about Focus’ Kwyjibo REE-Copper Project.

Read a feature story about Focus Graphite.

Energizer, Malagasy report Madagascar Graphite Intersections up to 434m

Energizer Resources Inc (TSXV:EGZ) and Malagasy Minerals Ltd announced June 4 five graphite intersections on the Molo Deposit of their Joint Venture Property in Madagascar. Intersections came to 434 metres, 295 metres, 220 metres, 150 metres and 51 metres. Core from the five holes has been sent for assaying, with the first results expected within six weeks. Metallurgical analysis of previous Molo samples showed jumbo-flake, +50 mesh graphite at an average purity of 93% carbon which can be liberated through simple crushing. The deposit begins at surface and extends to a vertical depth of over 300 metres, Energizer stated. The company plans an initial resource estimate for the Molo Deposit, which Energizer and engineering partner DRA Mineral Projects are targeting for open-pit production in early 2015.

Energizer holds a 75% interest and acts as operator on the JV Property, which surrounds Energizer‘s wholly owned Green Giant Graphite-Vanadium Property on three sides.

Read an interview with Energizer Resources VP of Business Development Brent Nykoliation.

Read feature stories about Energizer Resources’ vanadium deposit and its graphite deposits.

Canadian Platinum finds Saskatchewan Graphitic Argillite

Canadian Platinum Corp (TSXV:CPC) announced June 4 the presence of a thick sequence of graphitic argillite on its Peter Lake Copper-Nickel-PGE Project in northeast Saskatchewan. Examination of a 2009 airborne ZTEM survey and historic drillholes found conductors caused by graphitic argillite, the company stated. A sample assay of historic core showed 10.2% carbon and six grab samples from another historic hole averaged 4.5% carbon. Canadian Platinum drilled one of the ZTEM conductors in 2009, which intersected 142 metres of graphitic argillite and terminated in graphitic argillite. This drillhole and historic holes are currently being sampled to determine grades.

The project is North America’s largest mafic/ultramafic complex. The company’s mining claims in the area cover approximately 202,340 hectares.

By Greg Klein

Read previous Graphite Digests here

Disclaimer: Standard Graphite Corp and Focus Graphite Inc are clients of OnPage Media and the principals of OnPage Media may hold shares in those companies.

Read more articles like this at resourceclips.com.

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Source: http://business.financialpost.com/2012/06/11/the-graphite-digest-a-roundup-of-recent-news-from-graphite-explorers-3/

Big North Graphite Completes EM Survey On Griffith And Brougham Properties, Ontario

Posted by AGORACOM-JC at 10:41 AM on Friday, June 8th, 2012

Jun 08, 2012 — Vancouuver, B.C., June 8, 2012 – BIG NORTH GRAPHITE CORP. CA:NRT -15.00% (the “Company” or “Big North”), announces that the high resolution electromagnetic airborne surveying, utilizing the Impulse system of Aeroquest Limited, has been completed on both the Griffith and Brougham properties, located in southeastern Ontario.

In total 1,187 line kilometres were flown, with flight lines 100m apart, allowing for detailed mapping of stratigraphy and conductive features. The Company expects to be in possession of final data next week. Inspection of preliminary data by the Company’s consultants suggests that both properties have conductors present, including coincident features to the known graphite showings. The results of the EM survey will be used to direct a field program of ground geophysics, mapping and sampling. The details of the next phase of exploration will be announced once finalized by the Company.

Mr. Bill Brereton, P.Eng., a Qualified Person as defined by National Instrument 43-101, independent of Big North, and an Optionor of the Property, has reviewed and approved the technical content of this release.

Investor Relations Agreement

Big North Graphite also announces that the investor relations agreement with Trident Financial, previously announced on April 19, 2012, has been terminated.

For further information concerning this press release, please contact Spiro Kletas at (604) 629-8220.

ON BEHALF OF THE BOARD

“Spiro Kletas” Spiro Kletas President and Chief Executive Officer

Neither 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.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

Big North Announces Acquisition of Griffith and Brougham Graphite Properties

Posted by AGORACOM-JC at 10:24 AM on Thursday, April 19th, 2012

Big North Announces Acquisition of Griffith and Brougham Graphite Properties and Investor Relations Agreement

Apr 19, 2012 – Vancouver, B.C., April 19, 2012 – BIG NORTH GRAPHITE CORP. CA:NRT -10.00% (the “Company” or “Big North”), is pleased to announce that further to its press release dated March 15, 2012 it has signed a Definitive Mineral Property Option Agreement (the “Option Agreement”) with Zimtu Capital Corp. (“Zimtu”) CA:ZC +2.36% and two of Zimtu’s prospecting partners (collectively, the “Optionors”) pursuant to which Big North has been granted an option (the “Option”) to earn a 100%-interest in the approximately 6,500 hectare Griffith and Brougham properties, located in southern Ontario (the “Property”), for graphite exploration.

The properties consists of two approximately equal-size claim blocks in the Lyndoch-Griffith and Brougham Townships and are located about 140 kilometres south of Ottawa. The properties contain or adjoin numerous historical graphite occurrences. The Property is located in an area of well-established access and infrastructure.

Further details regarding the Property can be found in the Company’s March 15, 2012 press release. Maps of the Property will be posted on the Company’s website at: http://www.bignorthgraphite.com/ .

The Company intends to mount an exploration campaign on the Property commencing with an Airbourne EM survey followed by surface work, trenching and diamond drilling. The exploration target is an open-pittable, course flake graphite deposit similar to other graphite deposits and mines in the region such as Northern Graphite Corp.’s CA:NGC +2.71% Bissett Creek Deposit and Ontario Graphite Ltd.’s (private) Kearney Deposit.

The Option Agreement

Pursuant to the terms of the Option Agreement, Big North may acquire a 100%-interest in the Property by:

(i) on or before the dates indicated below, making the following cash payments:

         ---------------------------------------------------------------
         |Date                              |Cash Payment              |
         |-------------------------------------------------------------|
         |Upon signing the letter of intent |$40,000 (which payment has|
         |                                  |been made)                |
         |-------------------------------------------------------------|
         |Upon TSX Venture Exchange (aEURoeTSXVaEUR)|$40,000                   |
         |acceptance of the                 |                          |
         |Option Agreement                  |                          |
         |(the aEURoeEffective DateaEUR)            |                          |
         |-------------------------------------------------------------|
         |Total:                            |$80,000                   |
         ---------------------------------------------------------------

(ii) on or before the dates indicated below, issuing to the Optionors, an aggregate of 2,000,000 Big North common shares:

         --------------------------------------------------------------
         |Date                                       |Number of Shares|
         |------------------------------------------------------------|
         |Within five days of the Effective Date     |1,000,000       |
         |------------------------------------------------------------|
         |Fourteen months after the Effective Date   |500,000         |
         |------------------------------------------------------------|
         |Twenty-four months after the Effective Date|500,000         |
         |------------------------------------------------------------|
         |Total:                                     |2,000,000       |
         --------------------------------------------------------------

The Optionors will retain a 2% Net Milling Royalty on the Property, 1% of which can be purchased by Big North for $1,000,000 at any time.

The Optionors and Big North are arm’s length parties as defined by TSXV policy. A finder’s fee may be paid in connection with the transaction up to the maximum permitted by the policies of the TSXV. The transaction is subject to a number of conditions and approvals, including, but not limited to, required corporate approvals and TSXV acceptance. There can be no assurance that the transaction will be completed as proposed or at all.

Investor Relations Agreement

In addition, the Company is pleased to announce that it has retained Trident Financial Corp. (“Trident”) to provide investor relations services to the Company effective April 1, 2012. Trident is a Vancouver-based investor relations, communications and business development company serving public and soon to be public companies that specializes in finding the audience, partnerships and assets required to be successful. The services provided by Trident will encompass building and maintaining an informed investor audience for the Company and advising the Company with respect to its public communications materials, including the Company’s website.

Trident and its principal shareholders are at arm’s length to the Company and do not currently own any securities of the Company as of the date hereof but may purchase securities in the Company from time to time for investment purposes.

The agreement with Trident is for an initial three-month term with provision for extension upon mutual agreement of the parties. The Company will pay Trident a monthly fee of $5,000 (plus applicable taxes) and will be granted 50,000 stock options to purchase common shares of the Company which will vest 25 percent per quarter and will be exercisable until the earlier of one year from the date of grant and 90 days following termination of services under the agreement.

The investor relations agreement and the issuance of options are both subject to the approval of the TSXV.

Mr. Bill Brereton, P.Eng., a Qualified Person as defined by National Instrument 43-101, independent of Big North, and an Optionor of the Property, has reviewed and approved the technical content of this release.

For further information concerning this press release, please contact Spiro Kletas at (604) 629-8220.

ON BEHALF OF THE BOARD

“Spiro Kletas” Spiro Kletas President and Chief Executive Officer

Neither 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.