April 5th, 2018 – Vancouver, BC – Ceylon Graphite Corp. (“Ceylon Graphite” or the “Company”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce that the Company was named the Asia Pacific Exploration Mining Company of the Year for 2018 by Mines and Money at their conference in Hong Kong. The Company owns the majority of the known graphite deposits in Sri Lanka, the home of the purest graphite in the world. Graphite is the largest mineral component in lithium-ion batteries.
The annual awards recognize only the most accomplished mining companies in the region. There were many contenders for the Exploration Mining Company of the Year and six that were short-listed for the award. More information can be found at https://asia.minesandmoney.com
“This is excellent news,” said Bharat Parashar, Chief Executive Officer. “The Company considers it a great honor to be named the Asia Pacific Exploration Mining Company of the Year by its peers in the Asian mining community and a panel of expert judges. This award speaks directly to the quality of the extensive exploration work the Company has carried out in Sri Lanka over the past year and the hard work of all our great employees,” he added. “It is recognition by the mining community of the Company’s efforts to develop our mining properties at an accelerated pace and with the lowest cost.”
Ceylon’s founders have a proven track-record of success in South Asia and specifically Sri Lanka in previous businesses. “We have new and exciting developments on a daily basis and are close to being able to bring significant new quantities of high purity Sri Lankan graphite to the market,” said Parashar.
About Ceylon Graphite Corp
Ceylon Graphite Corp is a public company listed on the TSX Venture Exchange (CYL:TSX-V), that is in the business of exploring for and development of graphite mines in Sri Lanka. The Government of Sri Lanka has granted the company exploration rights in a land package of over 120km². These exploration grids (each one square kilometer in area) cover areas of historic graphite production from the early twentieth century and represent a majority of the known graphite occurrences in Sri Lanka. Graphite mined in Sri Lanka is known to be some of the purest in the world, and currently accounts for less than 1% of the world graphite production.
Forward-Looking Information
This press release contains forward-looking information based on current expectations. Statements about the acquisition or disposition of securities of the Company by the Acquiror, among other things, are all forward-looking information. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of the Company. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include, among other things: changes in laws, general economic and business conditions; and changes in the regulatory regime. The final exchange bulletin will not be issued if the Exchange determines that the Company has not met the conditions set out in the Exchange’s conditional approval letter. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements.
For further information or for a copy of the early warning report filed with the relevant Canadian Securities regulators in conjunction with this news release please contact Optimal Energy B.V., Attention: Jody Lenihan at 949.677.2299.
These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).
Further information regarding the Company is available at www.ceylongraphite.com
Bharat Parashar, Chairman & Chief Executive Officer
Corporate Communications
(604) 559-8051
