OTTAWA, ONTARIO--(Marketwired - Jan. 27, 2015) - Northern Graphite Corporation (TSX VENTURE:NGC)(OTCQX:NGPHF) announces that it has appointed Endeavour Financial Limited (Cayman) ("Endeavour") as its exclusive advisor with respect to negotiating and structuring strategic partnerships and offtake agreements, and raising debt financing, for its Bissett Creek project. George Pyper, Director of Endeavour, stated that: "Bissett Creek is an advanced stage project in a good jurisdiction with excellent infrastructure. The deposit has a high percentage of large and extra large flake graphite and a reasonable capital cost which make it an attractive opportunity. We look forward to working with management to develop the project."

Gregory Bowes, CEO commented that: "We have had offtake/partnership discussions with a number of parties and an experienced, independent advisor like Endeavour will help us bring structure and closure to the process. Endeavour has successfully negotiated offtake agreements with many international companies and has a strong understanding of what it takes to finance specialist/non-exchange traded commodities."

About Endeavour Financial

Endeavour is a private, independent merchant banking company focused on providing expert and unbiased financial advisory services to the global natural resources sector. Endeavour has a history of achieving success for clients based on its resource industry focus, innovative transaction skills and the diverse professional backgrounds of an award-winning team. Offering advice in project, corporate and debt capital markets, equity-linked financings, mergers and acquisitions, and strategic business development over more than two decades, Endeavour has established itself as a leading financial advisor in natural resources. In the last ten years the firm has closed over US$4 billion in development financings for single-asset, emerging producers in the mining sector.

About Northern Graphite Corporation

Northern Graphite's 100% owned Bissett Creek project has the highest percentage of +32 mesh XXL and +50 mesh XL flake sizes in the industry, the highest percentage of flake suitable for use in lithium ion batteries ("LiBS") and the highest reported yield on converting it into the actual LiB anode material. This provides the Company with a natural competitive advantage in the two fastest growing graphite markets, LiBs and expandable graphite. The expandable graphite market is mainly based on high quality XL and XXL flake and is used in consumer electronics, advanced construction materials, fuel cells, high performance gaskets and many other products.

Bissett Creek is the most advanced new graphite project with a bankable Feasibility Study and its major environmental permit. Chinese supply problems and the continued rapid growth in new uses such as lithium ion batteries create the need for new western sources of graphite supply.

Additional information can be found at www.sedar.com and www.northerngraphite.com

This press release contains forward-looking statements, which can be identified by the use of statements that include words such as "could", "potential", "believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other similar words or phrases. These statements are only current predictions and are subject to known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements. The Company does not intend, and does not assume any obligation, to update forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.

Northern Graphite
Gregory Bowes, CEO
(613) 241-9959(613) 241-9959

Northern Graphite
Stephen Thompson, CFO
(613) 241-9959(613) 241-9959
www.northerngraphite.com

Endeavour Financial
George Pyper, Director
+44 (0) 20 7590 2720+44 (0) 20 7590 2720