First Graphite Completes VTEM Survey Over the Henry Graphite Project

First Graphite Corp. (TSX VENTURE:FGR) (the "Company" or "First Graphite") is
pleased to announce that Geotech Ltd. has completed the Versatile Time-Domain
Electromagnetic (VTEM) geophysical survey over the Company's Henry Graphite
Project (the "Property"). The VTEM survey over the property covered 1452 line
kilometres, at 200-metre line spacing. The purpose of the survey, which was
completed on May 6, 2012, was to confirm the historically identified
graphite-bearing conductors, and to identify new targets for follow-up work.


First Graphite expects to receive preliminary survey results from Geotech Ltd.
in the next couple of weeks, at which time it will provide further information.
Preliminary and final data will be used by the Company to guide its ground
exploration program which will consist of surface sampling, geological mapping
and drilling. Interpretation of the final data will be conducted by Living Sky
Geophysics Inc., of Saskatoon, Saskatchewan.


Henry Property

The Henry Property consists of six mineral claims covering approximately 22,853
hectares and is located 10 kilometres southwest of the community of Southend,
Saskatchewan. Historical exploration suggests that the Property has potential to
host a near-surface graphite deposit comprised of scarce, large-flake,
high-purity graphite. It is situated within high-grade metamorphic rocks of a
sedimentary origin which is an ideal setting for the development of these types
of deposits.


The technical information in this news release has been reviewed on behalf of
the Company by Neil McCallum, P.Geo., of Dahrouge Geological Consulting Ltd., a
Qualified Person pursuant to National Instrument 43-101.


About Geotech Ltd.

Geotech has conducted airborne electromagnetic geophysical surveys for more than
three decades using proprietary technology and has created a long history of
notable innovations. Innovation is the secret to Geotech's sustainability,
making Geotech the longest running company to offer airborne electromagnetic
surveying, world-wide. In the last decade Geotech introduced to the world the
first helicopter-borne time domain EM system. The VTEM airborne EM system, with
its superior S/N ratio, is still the industry standard, able to detect deep
conductors that are "lost" in the noise of other TEM systems. 


Graphite 

Graphite is a polymer of carbon that comes in three naturally occurring forms -
flake, amorphous, and lump. All three are found in metamorphic as well as
igneous rocks, varying by grade, particle (mesh) size and moisture content.
Graphite exhibits a number of characteristics, which make it a high value
industrial mineral with a broad range of applications: it is an excellent
conductor of heat and electricity, is resistant to strong acids and thermal
shock, is a lubricant, is refractive and has the highest natural strength and
stiffness of any known material. 


The total worldwide graphite market is currently estimated to be US$12 billion.
At present, the largest end use markets for graphite are the steel and
automotive industries. However in recent years, emerging markets, including
green energy development (fuel cells, solar energy and nuclear power) and
batteries (lithium-ion and vanadium-redox) are creating the potential for
incremental increases in demand. Meanwhile, the closure of a number of natural
graphite mines in China, the world's largest producer, is reducing world-wide
supply. 


About First Graphite

First Graphite Corp. is a Vancouver-based mineral exploration company focused on
the development of graphite projects in Canada. The company currently has three
graphite properties led by its flag ship project, the Henry Graphite Property,
located near the Deep Bay Graphite Deposit in north-eastern Saskatchewan,
Canada.


This news release contains certain statements that may be deemed
"forward-looking statements. Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although First Graphite Corp.
believes the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results or realities may differ materially from those in
forward looking statements. Forward looking statements are based on the beliefs,
estimates and opinions of First Graphite Corp.'s management on the date the
statements are made. Except as required by law, First Graphite Corp. undertakes
no obligation to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.