🕐17.05.13 - 08:27 Uhr

ALABAMA GRAPHITE CORP. RECEIVES FINAL ASSAYS RESULTS FROM CORE HOLES ON ITS COOSA DRILLING PROGRAM



Alabama Graphite Corp.

Receives Final Assays Results from Core Holes on its Coosa Drilling Program May 17, 2013 – Sylacauga, AL - Alabama Graphite Corp.

(the "Company") (CNSX:ALP) (Frankfurt: 1AG.F WKN A1J35M) is pleased to report assay results from the remaining core holes from its 2012 drilling program at the Coosa Graphite Project, Alabama. Drilling on the 200’ by 200’ resource grid at the Coosa Project consisted of 54 core holes.

With the receipt of the current assays, all of the results have been received.

In addition, results from the remaining sonic holes have also been received.

The results from these holes will be reported separately. The drill core was logged and sampled at the Company’s facility in Sylacauga and shipped to ALS Minerals in Elko, NV, for analysis.

The samples were analyzed for graphitic carbon (Cg) by the LECO method.

Drill holes on the A, B, C and D-lines were among the last processed as an initial visual inspection of the core suggested that their graphite content was low.

In contrast, holes on the northeastern portion of the E-line contained thick intercepts of graphitic schist.

To some extent, this corresponds to a small topographic high.

Graphitic mineralization found along the E-line remains open to the north and east.

Below is a table summarizing the significant results from the new core holes: Drill Hole Area Total Depth (ft) From (ft) To (ft) Drill Thickness (ft) Cg% AGC-B08C Resource Grid 250’ No Significant Intercepts AGC-B09C Resource Grid 49’ No Significant Intercepts AGC-C03C Resource Grid 256’ No Significant Intercepts AGC-D03C Resource Grid 256’ No Significant Intercepts AGC-D04C Resource Grid 250’ No Significant Intercepts AGC-E04C Resource Grid 256.5’ 36’ 85’ 49’ 3.08 And 220’ 250’ 30’ 2.20 AGC-E07C Resource Grid 305’ 23’ 305’ 282’ 2.70 AGC-E08C Resource Grid 276’ 25’ 270’ 245’ 2.90 AGC-E09C Resource Grid 264’ 75’ 264’ 189’ 2.99 AGC-I01C Resource Grid 291’ 40’ 115’ 75’ 2.62 And 135’ 230’ 95’ 2.35 AGC-I02C Resource Grid 253’ 30’ 120’ 90’ 2.78 AGC-I03C Resource Grid 256’ 130’ 190’ 60’ 2.59 AGC-I04C Resource Grid 296’ 245’ 280’ 35’ 2.82 AGC-I05C Resource Grid 256’ 85’ 200’ 115’ 2.39 AGC-I06C Resource Grid 261’ 35’ 215’ 180’ 2.32 Including 70’ 105’ 35’ 3.41 AGC-I07C Resource Grid 285’ 165’ 245’ 80’ 3.02 AGC-I08C Resource Grid 265’ 45’ 215’ 170’ 2.64 AGC-I09C Resource Grid 256’ 50’ 250’ 200’ 3.10 AGC-J01C Resource Grid 253’ 60’ 110’ 50’ 2.52 And 155’ 205’ 50’ 2.33 AGC-J09C Resource Grid 257’ 36’ 70’ 34’ 2.50 And 170’ 210’ 40’ 2.35 Please follow the link to view table: http://www.irw-press.com/dokumente/AlabamaGraphite_170513_Table.pdf
A map showing the resource grid and drill holes locations can be found on the Company website at http://alabamagraphite.co. Dr.

Douglas Oliver, VP Exploration, comments, “With the receipt of the final assay results, the Company has completed one phase of its exploration program and has begun the next.

Our focus has shifted to preparing the database for delivery to Metal Mining Consultants so that they can begin an initial resource estimate.

We are pleased with the drill results and see nothing that should preclude a favorable determination of a resource.

The Company also anticipates planning a follow-up drill program later in 2013 to extend the known mineralization.” Dana Durgin, P.Geo., a Qualified Person as defined by National Instrument 43-101 and independent consultant to the Company, has reviewed the contents of this press release. About Alabama Graphite: Alabama Graphite Corp., through its wholly-owned subsidiary, Alabama Graphite Company Inc., is a graphite exploration and development company whose flagship project "The Coosa Graphite Project" in Coosa County, Alabama encompasses of over 40,000 acres located in an area with significant historical production of crystalline flake graphite.

For further details go to www.alabamagraphite.co ALABAMA GRAPHITE CORP. Daniel Spine, CEO (404) 661-6254 Danny Gravelle, Investor Relations (949) 481-5396
THE CANADIAN NATIONAL STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
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