The Graphite Creek Property comprises 165 mineral claims totaling 7,317 hectares, on the Seward Peninsula of Alaska, about 59 kilometres (“km”) north of the city of Nome. The Property is 20 km from a seasonal road, 4 km from tidewater at Windy Cove (Imuruk Basin) and 3 km from an airstrip to the southeast. On March 17, 2015, the Company provided an updated resource estimate of 17.95 million tonnes (“Mt”) indicated grading 6.3% graphitic carbon (“Cg”) and 154.36 Mt inferred with 5.7% Cg, using a 3% cut-off grade. These results moved a portion of the previously released resource estimate (Media release January 20, 2014) from inferred to indicated resource status. Graphite One Resources Inc., the company advancing the project, is currently assessing the feasibility of developing a mine at Graphite Creek and a separate manufacturing facility that would produce high-grade coated spherical graphite primarily for lithium-ion electric vehicle batteries.