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The CloudMiner Completes Analyst Review of Eagle Graphite

October 1, 2018

TORONTO, Oct. 01, 2018 (GLOBE NEWSWIRE) -- Eagle Graphite (TSX Venture: EGA) is pleased to acknowledge the completion of an analyst review from The CloudMiner (“TCM”). TCM is headquartered in Hong Kong and provides independent research services.

TCM’s coverage of Eagle Graphite is available from the TCM website www.bit.ly/2P2kJ4E or www.thecloudminer.com, and copies of analysis reports are also available by email from the analyst at dbloor@thecloudminer.com.

Reports on Eagle Graphite prepared by analysts represent the views of such analysts and are not necessarily those of the Company. Although the Company has paid a fee to TCM to provide its independent research opinion (much in the way that fees are paid to bond-rating agencies and auditors for their opinions), the Company is not responsible for the content, accuracy or timelines contained in an analyst’s report. The fee paid for independent research was not dependent on the opinion provided. In addition, readers should be aware, and are cautioned, that opinions, estimates, or forecasts contained in research analyst reports are not subject to the requirements of Canadian National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI 43-101”) and have not received any endorsement or approval by the Company. The Company does not imply or in any way represent that any of the reports, opinions, estimates, or forecasts regarding Eagle Graphite made by research analysts conforms with NI 43-101 or represent the opinions or beliefs of the Company or its management or representatives. Readers should refer only to information filed by the Company, including its technical report(s) relating to the Black Crystal Graphite Project, for information prepared in accordance with NI 43-101.

FOR FURTHER INFORMATION PLEASE CONTACT

The Cloud Miner Daniel Bloor, Managing Director Tel: +44 7400 898 656

Email: dbloor@thecloudminer.com

ABOUT TCM

The CloudMiner Ltd (TCM) is a specialised data analytics and valuation company to the minerals sector. Founded in 2012, TCM has evaluated the key technical and economic parameters for more than 2500 projects to date and benchmarked each against their respective peer group. Valuations are based on market comparable’s supported by the underlying project data where analysis is focused purely on the raw, critical data as found in the public domain. As such the analysis is meant to be none objective and presented to show both the underlying positives and challenges that management teams need to face and overcome with their respective projects.

CAUTIONARY STATEMENTS

Disclosure Regarding Forward-Looking Statements: This press release contains certain “forward looking information” within the meaning of applicable securities legislation. Such information is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking information and accordingly, readers should not place undue reliance on such information. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. In evaluating forward-looking information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward looking information. The statements in this press release are made as of the date of this release. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company or its securities, its financial or operating results, as applicable.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Eagle Graphite Incorporated Jamie Deith, President & CEO (604) 909-4237 jdeith@eaglegraphite.com

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