November 9th, 2017 – Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that Sarcon Development (Pvt) Ltd., a wholly owned subsidiary of Ceylon Graphite, has purchased a 2017 HY-2T type Core Drilling Rig from H.H. Drill-Tech Drilling Machinery Co. Ltd., a arm’s length party, based in Lianyungang, Jiangsu Province, China. Thirty (30%) percent of the purchase price of the rig was payable on signing of the definitive purchase agreement, and the balance will be paid on delivery. Upon completion of the acquisition, Ceylon Graphite will own two drilling rigs in Sri Lanka.