Notes from the Editor:

Valuation Commentary: Strike Graphite Corp. (TSX-V: SRK) (OTC: SRKZF) (Frankfurt: QSG) is advancing three graphite properties in stable mining friendly jurisdictions of Canada. SRK.V is positioned to be among first in the sector to achieve a sizeable large flake graphite resource in a market where industrial users of graphite are now realizing the need to secure proprietary sources. SRK.V has a market cap under $15M and Mining MarketWatch Journal estimates the Company is only ~$5M in exploration and soft cost efforts away from achieving a resource by the end of Q3 2012 (assuming planned exploration efforts/drilling continue to affirm and build on historic findings as expected) at its Simon Lake graphite property in Saskatchewan.

Airborne EM survey of the Simon Lake graphite property reveals that it is host to a 25 km conductor understood to be as a result of the strong presence of graphite (graphite is one of the most conductive substances on the planet and the conductors can literally be nothing else when you are looking at these geophysical images). SRK.V is targeting a potential resource of 30 million tonnes of 10+%Cg coarse grain large-flake graphite within the best 2km stretch (less than 10% of the total conductive length). Mining MarketWatch Journal's 30M tonne projection (non 43-101) is based on historic drilling which intersected in excess of 50m width with visual estimates of coarse grain large flake graphite ranging up to 70+%, the potential to open pit down to 100m depth, and a specific gravity of 3. By twinning some holes and drilling the most prospective conductor targets confidence is high Simon Lake may be advanced to resource in short order. Strike's other Saskatchewan graphite property, Deep Bay East, is also expected to be rapidly advanced to resource; the drill holes and trenches at Deep Bay East are spread all along the 1.6 km conductor and SRK.V is targeting an initial 10 million tonnes of 10% Cg. With prices for large flake graphite close to US$3,000 per tonne and a concern for graphite supply chain interruptions on the horizon for industrial end uses, the prospects for SRK.V shareholders appear highly favorable as it rapidly advances its graphite projects.

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