VANCOUVER, BRITISH COLUMBIA–(May 9, 2012) – Standard Graphite Corp. (TSX VENTURE:SGH) (the “Company”), is pleased to report that it has received the results from the electromagnetic airborne geophysical survey on its River property, Québec. These results again confirmed that the graphite occurrence present at surface is associated with a conductive horizon extending for several kilometres.

The results from the survey outline a well-defined conductor in association with metasedimentary rocks. The existing surface occurrence being coincident with the conductor confirms the graphitic nature of the EM response.

The River Property is located some 20 kilometres north of Sept-Iles in the Grenville Province. The Grenville is a geological province characterized by high-grade metamorphic rocks of Proterozoic age and is well recognized for its numerous graphite occurrences. Standard’s properties all lie within the Grenville in the graphite domains.

These results were the last ones expected from the airborne survey completed earlier in March of 2012 by Aeroquest International Ltd. on the company’s Eastern Quebec properties.

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

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

Chris Bogart, President and CEO of Standard Graphite comments: “This equates to 3 out of 3 for our properties located in Eastern Quebec having excellent EM results that require additional exploration programs. The targets are now being picked for the ground follow-up. We are pleased with the progression of the Phase I field program on our Ontario properties and we are currently gearing up for the start of the Phase I field program for the Quebec properties.”

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.

Ontario Property Update

The field reconnaissance phase is now completed on the Black Donald and Little-Bryan properties, in Ontario and a series of samples were sent to lab for assay. Results are expected in early June 2012 and will serve in orienting the Phase II field program scheduled for later this month.

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.