| October 2, 2017, Toronto: Great Lakes Graphite Inc. (“GLK” or the “Company” TSX-V:GLK, OTC PINK:GLKIF, FWB:8GL) announces hereby its results for the third quarter 2017 ending on July 31, 2017. The Corporation generated revenues of $34,301 during the third quarter ended July 31, 2017 (the "3rd Quarter 2017") compared to $33,959 as at July 31, 2016, which represents a similar sales volume. For the nine month period ending on July 31, 2017, total sales were $284,162 compared to $33,959 for the same period in 2016, being an increase of approximately 736%. The Corporation recorded an operating loss of $435,905 during the 3rd Quarter 2017 compared to an operating loss of $721,882 for the 3rd Quarter of 2016. For the nine month period ending on July 31, 2017, the Corporation recorded an operating loss of $1,613,722 compared to an operating loss of $1,829,186 for the nine month period ended July 31, 2016. The common shares of Great Lakes Graphite Inc. are listed for trading on the TSX Venture Exchange. Director Resignation The Company further announced that Mr. Thomas Ukolowicz has resigned from the Board of Directors, effective September 25, 2017. The Board of Directors would like to take this opportunity to thank Mr. Ukolowicz for his service to the Board and to the Company and wishes him all the best in his future endeavours. |