Focus Graphite announces $2.5M private placement

News Release

Focus Graphite Announces a Non-Brokered Private Placement for $2,500,000

OTTAWA – August 29, 2017 — Focus Graphite Inc. (FMS: TSX-V; OTCQX: FCSMF; FSE: FKC) (“Focus” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement of up to 33,333,333 units at a price of $0.075 per unit, for gross proceeds to Focus of up to $2,500,000 (the “Offering”). Each of the units will consist of one common share in the capital of Focus Graphite and one common share purchase warrant. Each warrant will entitle its holder to purchase one additional common share of Focus at an exercise price of $0.10 for a period of 48 months. Focus has received commitment for $2,077,500, which funds have been deposited in trust pending the receipt of all necessary regulatory approvals.

In connection with the closing of the Offering, Focus may pay cash finder’s fees and issue nontransferable warrants within the limits permitted by the TSX Venture Exchange.

The net proceeds from the sale of the units will be added to Focus’ working capital.

Closing of the Offering is subject to a number of conditions, including receipt of all necessary regulatory approvals. Under applicable securities legislation and the policies of the TSX Venture Exchange, the securities issued under the Offering will be subject to a four-months hold period.

About Focus Graphite

Focus Graphite Inc. is an advanced exploration company with an objective of producing graphite concentrate at its wholly-owned Lac Knife flake graphite deposit located 27 km south of Fermont, Québec. In a second stage, to meet Quebec stakeholder interests of transformation within the province and to add shareholder value, Focus is evaluating the feasibility of producing value added graphite products including battery-grade spherical graphite.

Focus Graphite is a technology-oriented graphite development company with a vision for building long-term, sustainable shareholder value. Focus also holds a significant equity position in graphene applications developer Grafoid Inc.

For more information about Focus Graphite, please visit www.focusgraphite.com.