February 07, 2017

Standard Completes Non-Brokered Private Placement for $500,000

Vancouver, BC -- February 7, 2017 -- Standard Graphite Corp. (TSXV: SGH) (the "Company" or "Standard"), pleased to announce further to its news release of January 19, 2017 it has received TSX Venture Exchange acceptance and has closed the non-brokered private placement for 10,000,000 common shares at a price of $0.05 per share (the "Financing"), for gross proceeds of $500,000.

The shares issued pursuant to the Financing are subject to a resale restriction expiring on June 8, 2017. The proceeds from this private placement will be used for general working capital purposes and a portion will be used to settle debt.

About Standard Graphite
Standard is rapidly positioning itself as a premier gold explorer and developer in Quebec. Standard is currently advancing Philibert and Diego Gold projects managed by a team with extensive expertise in resource exploration, finance and management.

"Chris Bogart"
President & CEO

For further information, contact:

Corporate Information
Standard Graphite Corp.

Chris Bogart
President & CEO
Tel: (604) 683-2509 Fax: (604) 683-2506

Cautionary Statement:
Forward-looking information
This news release contains forward-looking information relating to the Company's growth and corporate strategy, and other statements that are not historical facts. Forward-looking information relates to management's future outlook and anticipated events or results, and may include statements or information regarding the Shares for Debt Settlement; and the future plans or prospects of the Company. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

Forward looking-information is subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what is currently expected. These factors include risks and uncertainties associated with oil and gas exploration, development, exploitation, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, reliance on key personnel, regulatory risks and delays and other risks and uncertainties discussed in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.