Mason Graphite Enters Agreements with NanoXplore

Mason Graphite Inc. announces that it has entered into two agreements with Group NanoXplore Inc.

• A perpetual exclusive license agreement to use and commercialize the intellectual property for NanoXplore's Thinned Graphite and Graphite Thinning Process which enables easier purification and has excellent synergies with Mason Graphite's ongoing Detailed Study for large scale production of Value-Added Graphite (see press release from February 11, 2015). A patent application has been filed by NanoXplore for the related Intellectual Property (United States Provisional Patent Application 62/035.963).
• A Laboratory Services agreement that gives Mason Graphite access to NanoXplore's research and laboratory facility for product development and for the design of value-added products. This Lab-for-Hire agreement gives Mason Graphite greater flexibility to customize and design products on demand for specific clients.

Benoit Gascon, President and CEO of Mason Graphite, commented: "NanoXplore's Thinning Graphite Process has excellent potential to facilitate the graphite purification, which can lead to better products and better economics when producing value-added graphite products in applications such as lubricants, composites and alkaline batteries. As we progress through the scoping work of our value-added study, it is paramount that we have the capacity to design products that meet the exact specifications required by customers."

Mason Graphite would also like to take the opportunity to update investors regarding recent progresses made by NanoXplore:

• On February 12, 2015, NanoXplore announced a fully subscribed non-brokered private placement financing totaling $2,725,000 for a minority participation in NanoXplore. Mason Graphite's initial investment in NanoXplore in 2014 was for a 40% equity interest for $700,000. After the closing of this financing, Mason Graphite's participation stands at 31%;
• On February 19, 2015, NanoXplore announced that its graphene plant, with a capacity of three metric tonnes per year, is now fully operational;
• On April 16, 2015, NanoXplore announced production capacity of industrial quantities of Graphene Oxide (GO) at their facility; and
• The Board of Directors of NanoXplore is now comprised of the following Directors:
  • Benoît Gascon as Chairman;
  • Soroush Nazarpour, the founder and President and CEO;
  • Dr Cameron Harris, Head of Mining Industry Practice (North America), Accenture;
  • Denis Labrecque, President of Norcap Ltd; and
  • Jacques Poulin, Director of energy storage for public transportation at ABB.