Northern Graphite Comments on Market Activity and Provides Corporate Update

Northern Graphite Corporation (TSX VENTURE:NGC)(OTCQX:NGPHF) (the "Company")
announces that it is not aware of any reason for the recent rise in the
Company's share price. There are no undisclosed material changes in the affairs
of the Company that might have caused an increase.


Gregory Bowes, CEO, commented that; "recent Chinese restrictions on new and
existing graphite producers, positive comments by industry analysts and the end
of year end tax loss selling may all have had some effect." He added that: "the
next few months will be very busy and we anticipate being in a position to make
announcements on:




--  approval of the Mine Closure Plan which is the major permit needed to
    commence construction 
    
--  equipment financing 
    
--  the commencement of detailed engineering and design 
    
--  results from a review of assay procedures and the reasons for a
    potential grade understatement 
    
--  results of the 2012 drill campaign 
    
--  a new resource estimate with the objective of upgrading inferred
    resources to indicated 
    
--  guidance on the capital and operating costs of an upgrading facility to
    produce high purity and spherical graphite 
    
--  an update on the bankable feasibility study economics based on the new
    resource model 



Discussions with respect to strategic partnerships and offtake agreements are
ongoing.


About Northern Graphite Corporation

Northern Graphite Corporation (TSX VENTURE:NGC) is a Canadian company that has a
100% interest in the Bissett Creek graphite deposit located in eastern Ontario.
Northern Graphite is well positioned to benefit from the compelling
supply/demand dynamic that has developed in the graphite industry with a high
purity, large flake, scalable deposit that is located close to infrastructure. A
bankable Feasibility Study has been completed and permitting is expected to be
completed in the first quarter of 2013, following which mine construction could
commence, subject to financing. Additional information on Northern Graphite
Corporation can be found under the Company's profile on SEDAR at www.sedar.com
and on the Company's website at www.northerngraphite.com


This press release does not constitute an offer to sell or the solicitation of
an offer to buy securities in any jurisdiction.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Greg Bowes, CEO
[phone]


Steve Thompson, CFO
[phone]


Don Baxter P.Eng
President
[phone]