Lac Guéret Graphite Project Developing a world-class flake graphite deposit in Quebec

August 2013 | Corporate Presentation

TSX.V : LLG

This Presentation may contain “forward-looking information” which may include, but is not limited to, statements with respect to: timing of the receipt of governmental

approvals and/or acceptances; targets, estimates and assumptions in respect of production and prices; amount and type of future capital expenditures and capital resources;

mineral reserves and mineral resources; anticipated grades; recovery rates; future financial or operating performance; costs and timing of the development of new deposits;

costs, timing and location of future drilling; production decisions; costs and timing of construction; operating expenditures; costs and timing of future exploration; and

environmental and reclamation expenses. There can be no assurance that future required regulatory approvals will be obtained or that anticipated transactions or proposed

work and construction programmes will be completed satisfactorily. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”,

“expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and

phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and

unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company and/or its subsidiaries and/or its affiliated

companies to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Although the Company

has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may

be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the

date of the applicable public record document which the information is derived from and the Company has disclaimed any obligation to update any forward-looking

statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be

accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on

forward-looking statements due to the inherent uncertainty therein.

Unless indicated otherwise, all dollar figures are in Canadian dollars.

Cautionary Notes related to the PEA: A preliminary economic assessment (PEA) is preliminary in nature and includes Inferred Mineral Resources, which are considered too

geologically speculative to have mining and economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that

the reserves development, production, and economic forecasts on which the PEA is based will be realized. Full technical details and notes for the PEA can be found in the

technical report entitled “NI 43-101 Technical Report on the Preliminary Economic Assessment, Lac Guéret Graphite Project, Quebec, Canada” dated June 6, 2013 and

effective April 22, 2013, which is available under Mason Graphite’s profile on SEDAR at www.sedar.com and on Mason Graphite’s website at www.masongraphite.com.

Cautionary Statement regarding Mason Graphite’s timeline: Mason Graphite has not made a production decision. A decision to proceed with production will be based the

results of a feasibility study demonstrating economic and technical viability. The production timeline assumes that Mason Graphite will complete a feasibility study and that

the results of such feasibility study will be positive. The timing and results of such study are not guaranteed and no inference should be made in this regard. There is no

certainty that the events outlined in the timeline will be realized. Mineral resources, which are not mineral reserves, do not have demonstrated economic viability.

Environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues may materially affect the estimate of Mineral Resources. In addition, there

can be no assurance that Mineral Resources in a lower category may be converted to a higher category, or that Mineral Resources may be converted to Mineral Reserves.

Quality Control and Assurance: The technical content of Mason Graphite Inc.’s presentation was reviewed and approved by its Executive Vice President of Process

Development, Jean L’Heureux, P.Eng., who is a Qualified Person within the meaning of National Instrument 43-101. Mr. L’Heureux has reviewed and approved the scientific

and technical content of this presentation.

Forward Looking Statements

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Long mine life at high grade: 22 yrs of production at 27.4% Cgr

Annual production of 50,000 tonnes

Low capital intensity project; excellent economics Direct capital cost requirement of $89.9 million

Production costs of $390/tonne

Pre-tax Internal Rate of Return of 33.7%

Excellent recovery of high quality graphite Only flake graphite (29% large flake graphite: +50, +80 mesh)

Graphite recovery in excess of 96%

Purity up to 96.4 % Cgr

Located in excellent mining jurisdiction of Quebec, Canada

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Solid Fundamentals for Success

The Product

The Project

The Team

Graphite is an essential and highly desirable

product with increasing consumption and demand

Highly experienced management team with over 5

decades in graphite production, sales and R&D

Graphite, along with diamonds and Coal, are crystalline forms of Carbon

Graphite 101

Graphene - Individual layers

Graphite - Combined layers

Graphite is an essential but often unrecognized material for modern life

It has broad range of industrial applications due to its unique properties:

Properties of both metals and non-metals (ideal for industrial applications)

Highest natural strength and stiffness of any material

Lightest weight of all reinforcement materials

Very high melting (sublimation) point; low thermal expansion/shrinkage

High electrical and thermal conductivity

Low frictional resistance (excellent lubricant) and hydrophobic behaviour

Non-toxic, chemically inert and high resistance to corrosion

Properties vary

depending on the

purity and size of the

graphite crystals;

this directly affects

the price of the

resource

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Flake

Graphite:

Graphite – Over 180 End Products

Flake Amorphous Vein/Lump Synthetic

Metallurgy

Refractories ■ ■ ■ Crucibles ■ ■ ■ Carbon Raisers ■ ■ ■ Moulds & Castings ■ ■ Molten Metal Protection ■ ■ High Temperature Lubricants ■ ■ Powder Metallurgy & Alloys ■ ■

Electrical Applications

Alkaline & Lithium Batteries ■ ■ Li-ion Batteries ■ ■ Fuel Cells ■ ■ Carbon Brushes ■ ■ ■

Technical Applications

Expanded Graphite & Foils ■

Thermal Management ■

Flame Retardants ■ Brake Linings & Clutch Facings ■ ■ ■ ■ Insulation ■ ■ Nuclear Reactors ■ Plastics, Resins & Rubbers ■ ■ Catalysts ■ ■ Cloth & Fibers ■ ■

Others

Pencils ■ ■ ■ ■ Lubricants ■ ■ ■ ■ Oil Drilling Additives ■ ■ Paints ■

5

Widest range of end uses

Increasing demand for

high purity flake graphite

No substitute: Synthetic graphite has high

purity but is 4x the cost

Synthetic graphite (USD $7,000-20,000/t)*

Natural flake (USD $2,000-3,000/t)*

Flake graphite used in

batteries - not amorphous

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3 Forms of Graphite

Flake Highest Price, Lowest Supply

High Purity: 85%-99%+ carbon

Amorphous Least graphitic of the three

Lower Purity: 60%-90% carbon

Vein/Lump Uncommon & highly localized;

<1% of world production;

Marginal applications

45% 55%

Global

Production

Graphite is not a homogenous commodity; it occurs naturally in 3 forms:

Flake size and purity directly affects the price

Natural medium/large flake graphite forecasted

between USD$1,750 and USD$2,500/t

August 2013 ($USD):

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Amorphous: $525,

Small Flake:$1,050

Medium Flake: $1,200

Large Flake: $1,350

China represents +70% of world production

China has experienced a significant increase in domestic demand

Export tariffs and new safety and environmental regulations have resulted

in a reduction of export supply and an increase in prices.

China is experiencing a reduction of large and medium flake production

Graphite – Investment Opportunity

Global consumption of natural graphite has doubled from 2000 to 2010

Urbanization of China and India is driving the demand of graphite

For the graphite used in the battery application alone,

demand is expected to increase from 125,000 tons in 2010

to 320,000-640,000 tons in 2020; a growth rate of 10-18%*

European Union declared graphite as one of 14 critical raw materials

7 *Cormark Report on Electric Graphite, July 2011

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2000 2010

Graphite Global Consumption

To

nnes

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Restricted and Unstable Supply in China = Opportunity

Flake graphite production outside of China:

Brazil Canada India Madagascar Norway Zimbabwe Germany

8

How is graphite sold?

Graphite is not an openly traded mineral

Prices are negotiated between end-users and

producers for annual or multi-year contracts

Prices for graphite vary based on parameters such

as purity, size, impurities and shape

Continuous contact with customers is fundamental

There is a market for 100% of mined graphite

material (from large to fine flakes)

Market Study is underway to identify all end-users in

all market segments

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Graphite Mine Inventory of different sizes for different uses and end users

End-Users Typical one-year supply contracts establishing

prices, specifications, volume, timing and delivery

The finished graphite product of a mine must be adapted to the buyers

Requires the right finished product

Requires strong relationships with clients Management with over 5 decades of experience

Years of client relations; large # of potential clients

Management: Proven Track Record

Benoît Gascon, CPA, CA

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Luc Veilleux, CPA, CA

Jean L’Heureux, Eng.

20 years of executive

positions at Timcal

20 years in mining and

graphite, Timcal and Imerys

8 years in graphite at

Timcal

Roles:

Senior Vice-president, Business

Development and Strategy, Sales and

Deputy General Manager (11 yrs)

President of Stratmin Graphite Inc.

from 1993 to 1999; renamed Timcal

Canada in 1999 (7 yrs)

Vice-president and CFO (4 yrs)

Roles:

Senior Vice-president, Finance

COO North America

Vice-president, Finance North America

Financial Controller

Roles:

Product Manager (Marketing)

Graphite Sourcing Manager

Production Manager

Plant Metallurgist & Lab Supervisor

Major Accomplishments:

Creation of the whole customer base of

Stratmin in the 90’s

Acquisition and integration of a private

company in China

Supervision of nine sites in seven countries

Operational merger of Stratmin and Timcal

Major Accomplishments:

Implementation of a new production

organizational structure

Operational merger of Stratmin and

Timcal

Reorganization and improvement of

North American customer support

Major Accomplishments:

Optimization of the graphite flow sheet

Sales growth through technical support

to production & customers

Development of customers’

specifications management system

Development of production planning

system

Management Team

Benoît Gascon, President & CEO Over 20 yrs of experience in the Graphite & Carbon industries. He was the CEO of Stratmin Graphite which operates the Lac-des-Iles deposit;

one of North America's only producing graphite mines. He was responsible for negotiating the complete take-over of Stratmin Graphite by

Imerys SA, a world leader in Industrial Minerals, to form Timcal Graphite & Carbon. Mr. Gascon, CPA, CA, holds a bachelor’s degree in

Business Administration from Haute Etudes Commerciales (HEC, Montreal).

Luc Veilleux, Executive Vice-President & CFO Luc Veilleux, CPA, CA, holds a Bachelor’s degree in Business Administration from Hautes Études Commerciales (HEC, Montreal) and has over

20 years of experience in the mining and manufacturing industries including eight years at Timcal in the roles of Chief Financial Officer (based in

Switzerland), COO and Vice-President of Finance (North America), and Controller for the Lac-des-Iles graphite mine.

Jean L’Heureux, Executive Vice-President, Process Development Mr. L’Heureux is a professional metallurgical engineer who has been involved in the mining and processing of graphite for over 20 years with the

Imerys SA in Quebec and in Europe. Since 2000, he has been the Product Manager, Refractory and Metallurgy for Timcal. Mr. L’Heureux

obtained his Bachelor of Engineering degree at Laval University in Quebec City and is currently enrolled in a Master’s Degree in Engineering

Management at Sherbrooke University. Mr. L’Heureux is a member of the Ordre des Ingénieurs du Québec.

Simon Marcotte, Vice-President Corporate Development Over 14 years of capital market experience. He was a partner of Cormark Securities for 4 years (institutional equity sales) and was also a

member of their Board. Previously, Mr. Marcotte was a Director for CIBC World Markets in Montreal for 8 years and also acted as an officer for

Alderon Iron Ore. He is currently an officer of Belo Sun Mining and a board member of Copper One Resources and Antofagasta Gold. Mr.

Marcotte holds a B.A.A. from Sherbrooke University and is a Chartered Financial Analyst (CFA).

Nathalie Guillemette, Geologist Mrs. Guillemette holds a bachelor’s degree in geology and a master’s degree in Economic Geology from McGill University. She has over 15 yrs

of experience in mineral exploration for projects in Quebec, South America and Africa. Most recently, she worked for Sulliden where she

oversaw the drill data compilation for the resource calculation of their Shahuindo project in Peru. Mrs. Guillemette

is a member of the Ordre des Géologues du Québec.

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Lac Guéret Graphite Project - Location

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Lac Guéret - Location & Access

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288 km from Baie-Comeau

service centre, + 660 km to MTL

All-weather access from

Hwy 389 and main logging

roads throughout property

Good accessibility to labour

Excellent mining jurisdiction

Only zone

drilled to date

Mason Graphite Claims Map

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Mason Graphite

properties consist of

215 claims covering

11,630 ha (116 km2)

in northeastern

Québec

Lac Guéret Site

14

Lac Guéret Site

15

Two main graphite zones have

been identified to date

Two Major Graphite Zones

kilometers 16

GC Graphite Zone

1.2 km strike, up to 240 m wide

24,227 m of drilling completed in 2012 Excellent resource growth potential

GR Graphite Zone

1 km strike, up to 110 m wide

2,321 m of drilling completed in 2012

Further drilling planned and expected

to contribute to mineral resource GC Zone

GR Zone

Mineral Resource – GC Zone Only

Categories Unit Tonnes Grade ( % Cgr)

Measured (M)

Unit 1 (4 to 10% Cgr) 31,200 7.82

Unit 2 (10 to 27% Cgr) 122,800 14.85

Unit 3 ( > 27 % Cgr) 144,900 36.72

All units 298,900 24.39

Indicated (I)

Unit 1 (4 to 10% Cgr) 2,672,500 8.09

Unit 2 (10 to 27% Cgr) 2,089,200 16.83

Unit 3 (> 27 % Cgr) 2,535,300 36.20

All units 7,297,000 20.24

M + I

Unit 1 (4 to 10% Cgr) 2,703,700 8.67

Unit 2 (10 to 27% Cgr) 2,212,000 18.30

Unit 3 (> 27 % Cgr) 2,680,200 36.96

All units 7,595,900 20.40

Inferred

Unit 1 (4 to 10% Cgr) 1,272,600 7.56

Unit 2 (10 to 27% Cgr) 714,161 17.54

Unit 3 (> 27 % Cgr) 771,500 33.10

All units 2,758,261 17.29

M&I Average Grade: 20.40%

Inferred Average Grade: 17.29%

See technical report dated July 3, 2012. The graphite mineral resource estimate herein was prepared by Edward Lyons, P.Geo., and

Guy Saucier, Eng., both of whom are independent, qualified persons as defined by National Instrument 43-101. 17

Representative of this area of the GC Zone only

Mineral Resource based on 2006 drilling program (2,149m)

Metal Equivalence

18

Source: TD Securities research department (Craig Miller)

Graphite (@ $1,750)

20.40% =

Gold (@ $1,250)

9.1 g/t

Silver (@ $14)

800 g/t

Copper (@ $2.75)

6% = =

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*PEA indicates 22 years of production at 27.4% Cgr

* Please refer to the cautionary notes related to the preliminary economic assessment (PEA) in the Appendices of this presentation

(July 2012 Mineral Resource)

Mason Graphite Comparables

19

20.0%

Million Tonnes

Gra

de %

Cg

The projected quantity and grade is conceptual in nature. There has been insufficient exploration to define the mineral resource growth target and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

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NI 43-101 Mineral Resource Comparison

Company Market Cap (Aug 6, 2013)

Project

Location M&I (Mt) Grade (Cg)

Inferred (Mt)

Grade (Cg)

Northern Graphite Corp. (NGC) $36M ON, CA 18.97 1.81% 55.04 1.57%

Focus Graphite Inc. (FMS) $48M QC, CA 4.94 15.76% 3.00 15.58%

Energizer Resources (EGZ) $37M Madagascar (Indicated only)

83.99 6.36% 40.32 6.29%

Flinders Resources Ltd. (FDR) $29M Sweden 2.60 10.50% 6.93 8.82%

Mason Graphite (LLG) $33M QC, CA 7.59 20.40% 2.80 17.29%*

*PEA (April 2013) features first 22 yrs at 27.4% Cgr

Rapid Resource Growth Expected

Exploration Program Progress

26,500 metre drilling program on

the GC and GR Zones completed (July-November 2012)

New drill results from the GC Zone

expected to translate into mineral

growth in Q3-2013 resource update

July 2012 mineral resource only

considers historical drilling from

2006 (see pink square at right)

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Drill intercept

highlights:

2012 Drill Program Results 26,500 metres drilled (163 holes)

GC Zone

Hole LG-207: 44 m at 17.1% Cgr, including 12 m at 31.4 % Cgr

and 28 m at 16.9% Cgr, including 13 m at 27.2% Cgr

Hole LG-213: 26 m at 18.1% Cgr and 63 m at 15.4% Cgr

Hole LG-215: 31 m at 24.3% Cgr and 17 m at 18.3% Cgr

Hole LG-221: 55 m at 26.1 % Cgr

Hole LG-227: 33 m at 13.3% Cgr and 76 m at 12.0% Cgr

Hole LG-231: 33.0 m at 19.1% Cgr

Hole LG-234: 128 m at 21.1 % Cgr, including 27 m at 37.3 %

Hole LG-235: 197 m at 17.1 % Cgr, including 39 m at 33.9 %

Hole LG-38: 60 m at 13.2% Cgr and 36 m at 15.8% Cgr

Hole LG-39: 113 m at 15.5% Cgr, including 11 m at 38.7% Cgr

Hole LG-44: 96.0 m at 16.9% Cgr

Hole LG-50: 52.3 m at 22.4% Cgr and 12.4 m at 17.5% Cgr

Hole LG-53: 43.5 m at 20.0% Cgr, 16.5 m at 15.7%

and 88.5 m at 21.0% Cgr

Hole LG-057: 55 m at 16.4% Cgr, including 16 m at 27.1%

Hole LG-61: 13.5 m at 20.2% Cgr, 13.5 m at 17.5% Cgr

and 13.5 m at 24.7% Cgr

GR Zone

Hole LG-248: 31 m at 20.2 % Cgr

Hole LG-257: 32 m at 15.9 % Cgr 21 TSX.V : LLG

Excellent Metallurgy

Graphite recoveries in excess of 96%

Concentrate purity of 96.3% for the +150 mesh cumulative

29% of +80 mesh cumulative, including 16% of +50 mesh

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Flake Size Distribution

(%)

Carbon Content

(% Cg)

+50 mesh (Large Flake) 16% 96.3%

+80 mesh (Large Flake) 13% 96.4%

+150 mesh 14% 96.2%

-150 mesh 57% 91.7%

Total / Average 100% 93.7%

Preliminary Metallurgical Testing Completed in February 2013

* Please refer to the press release dated February 22, 2013 for complete result details.

**The technical content of this slide was reviewed and approved by Mason Graphite’s Executive Vice President of Process

Development, Jean L’Heureux, P.Eng., who is a Qualified Person within the meaning of National Instrument 43-101.

22 years of production at 27.4 % Cgr

Direct capital costs of $89.9M

Production costs of $390/tonne

$364M pre-tax NPV @ 8 % ($283M @ 10 %)

33.7 % pre-tax Internal Rate of Return

Payback period of 2.5 years

Only flake graphite (29% large flake)

Conservative average sales price of $1,525 per tonne

Low capital intensity and low cash operating costs

PEA Financial Results April 2013

23 TSX.V : LLG * Please refer to the cautionary notes related to the preliminary economic assessment (PEA) on slide 2.

50 000 tonnes per year of production

27.4 % Cgr in mineralization over LOM

Graphite Recovery above 96 %

Up to 96.4 % Cgr of finished product purity

Stripping ratio of 0.76:1

Process resulting in +96% recoveries

PEA Operational Results April 2013

24 TSX.V : LLG * Please refer to the cautionary notes related to the preliminary economic assessment (PEA) on slide 2.

Flow Sheet PEA Technical Report - April 2013

1. Mining

2. Crushing

3. Milling & Flotation

4. Dewatering

5. Drying

6. Sieving

Simple process

Known and proven technologies

7. Packaging

2012 2013 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

TSX Venture Listing

Completion of 26,500 m Drilling Program

Completed Metallurgical Test Work

Completed PEA

Completion of a $5 million financing

Phase II Drilling Program

Purification Testing

NI 43-101 Mineral Resource Update

Further Metallurgical Testing

Initiation of Feasibility Study

Environmental Baseline Studies Complete

Expected Construction

Expected Production

Recent & Upcoming Milestones

26 TSX.V : LLG Mason Graphite has not made a production decision. A decision to proceed with production will be based the results of a feasibility study demonstrating economic and

technical viability. All reference herein with respect to production and anticipated timelines for production assume that Mason Graphite will complete a feasibility study

and that the results of such feasibility study will be positive. The timing and results of such study are not guaranteed and no inference should be made in this regard.

Corporate Structure

Corporate Structure

Stock Symbol

Shares Outstanding

Options

Warrants

Fully Diluted

Market Cap (Aug 6, 2013)

TSX.V : LLG

66,785,283

5,825,000

21,657,323

94,267,606

~$33M

Major Shareholders

F&M & Insiders

Institutions

~25M shares

~33M shares

27 TSX.V : LLG

Mason Graphite began publicly trading on October 30, 2012

Analyst Coverage

Michael Goldberg

Daniel Greenspan Cash Position

Last reported quarter (ending Mar 31) $2M

* A $5M private placement financing was closed on June 28, 2013

Appendices

Board of Directors

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Tayfun Eldem, Chairman Mr. Tayfun Eldem currently serves as the President and CEO of Alderon Iron Ore Corp. He has worked for the Iron Ore Company of

Canada (“IOC”), a Rio Tinto subsidiary, for more than 20 years, including three years as a Director on the joint-venture Board. Mr. Eldem

holds a Bachelor of Engineering degree from Dalhousie University along with Operations & Strategic Management Certificates from Richard

Ivey School of Business and London Business School.

Tyrone Docherty, Vice-Chairman Mr. Docherty has over 25 years of experience in the resource industry. He was previously CEO of Quinto Mining Corporation and

President, CEO and Director of Deer Horn Metals. Mr. Docherty is an active board member of a number of other public and private mining

companies.

Scott Moore, Director Mr. Moore is a finance executive with over 20 years of experience in the resource sector. He presently serves as COO of Forbes &

Manhattan, Inc. and previously acted as President for Dacha Strategic Metals Inc. and VP of Corporate Development for Sulliden Gold

Corp. Ltd. He holds a Bachelor of Arts degree from the University of Toronto and an MBA from the Kellogg School of Management.

François Laurin, Director Former CFO of Consolidated Thompson Iron Mines Ltd. (CLM). He is currently the CFO of Alderon Iron Ore Corp.; and formerly acted

as President and CEO of Cap-Ex Ventures Inc. and CFO of Copper One Inc., two exploration mining companies listed on the TSXV.

Alastair Neill, Director Mr. Neill is currently an executive VP of Dacha Strategic Minerals Inc. who holds a Master of Business Administration from York University

and a Bachelor of Engineering in Material Science from the University of Western Ontario. He is the former VP sales, Rare Earth Division and

VP Business Development for AMR.

Benoit Gascon, CEO & Director

Backed by the Forbes&Manhattan Group

*Excellent track record of success in the Labrador Trough*

Stan Bharti

Founder & Executive Chairman

Over 50 engineers

Over 50 geologists

Expertise in all mining,

energy and agriculture

products

8 full-time

securities lawyers

and support staff

Over 30 people

with expertise in M&A

Investment banking

Corporate Finance

Corporate Development

Investor Relations

Over 20 accounting

and administration

staff

Advisory Board

Technical Team

Legal Team

Financial Team

Admin / Accounting

Team built on technical/operational expertise

Accomplished financial markets professionals

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F&M International Advisory Board

General John Abizaid, U.S. Army (Ret.) Served for 34 years in U.S. military; was Commander of US Central Command from 2003-2007

Peter Boot, South America 25 years financial markets experience; 15 years with ING Group in Brazil, Curacao, Venezuela, Paraguay and Bolivia

General Jay Garner, U.S. Army (Ret.) Served for 35 years in the U.S. military; Command of Air Missile Defense Units during the Gulf War

General Ron Hite, U.S. Army (Ret.) Served 33 years in the U.S. military; Senior Military Advisor to the Army Chief of Staff

Larry King, U.S.A. American icon; Former Host of CNN’s Larry King Live

General Lewis MacKenzie, Canadian Army (Ret.) Served in the Canadian Forces for 35 years; led the UN peacekeeping mission in Sarajevo

Hon. Pierre Pettigrew, Canada Served as Canadian Federal Minister of Foreign Affairs and Minister of International Trade

Jim Rogers Author, financial commentator and successful international investor.

James Rooney Investment and Infrastructure development expert; Established and cultivated new businesses

General Sir Michael Rose, British Army (Ret.) Highly decorated former SAS Commander for the British Army

Bernard Wilson Corporate Finance and Investment Banking advisor with substantial experience in financial restructurings

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Lac Guéret – Project History

1950’s

Exploration for iron by

Quebec Quartier Mines 2002-2006

Quinto Mining Corp.

exploration activities

2012

Mason Graphite acquires

Lac Guéret from Cliffs

Natural Resources

2008

Consolidated Thompson

acquires Quinto Mining

Acquisition Terms with Cliffs Resources ($USD)

$15,000,000 total acquisition cost for 100% of the project $7,500,000 payment completed on April 5, 2012

$2,500,000 payable upon completion of a Feasibility Study*

$5,000,000 payable upon commencement of commercial production*

2,041,571 warrants @ $0.75 (expires in April 5, 2014) issued

to Quinto Mining (sub. of Cliffs Resources)

No remaining legacy interest exists, no royalties

32

* If the feasibility study is not completed by April 5, 2015, Mason Graphite is required to pay (a) $1,250,000 on April 5, 2015, and (b) $1,250,000 on the

earlier of (i) the fifth business day following the day on which a feasibility study is completed; and (ii) October 5, 2015. If commercial production is not

achieved by October 5, 2016, Mason Graphite is required to pay (a) $2,500,000 on October 5, 2016; and (b) $2,500,000 on the earlier of (i) the fifth

business day following the day on which commercial production is achieved; and (ii) April 5, 2017

2011

Cliffs acquires CLM

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2012 2013 2014 2015

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Fauna & Flora Inventory

IBA

ESIA & BAPE

Certificate of Authorization

Completed and Upcoming Milestones:

1) Q1 2013 – Fauna and Flora Inventory Preliminary Report by Roche

2) Q4 2013 – Fauna and Flora Inventory Final Report by Roche

3) Q4 2013 – Completion of Impact and Benefits Agreement (IBA)

4) Q2 2014 – Completion of Environmental Social Impact Assessment (ESIA) and Public Hearings on the Environment (BAPE) by Roche

5) Q1 2015 – Completion of Certificate of Authorization

1

5

3

4

33

Environmental Permitting Expected Timeline

2

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Technical Partners

34 TSX.V : LLG

First Nations

No one residing near the planned operations

or in the vicinity of the Lac Guéret project

Successful dialogue since early 2012

Consent for drilling obtained in April 2012

Ongoing discussions and negotiations for

completion of the Impact Benefit Agreement

(IBA) – Expected in 2013

35

Pessamit is the Innu First Nation

community 60 km west of Baie Comeau

Pessamit

Lac Guéret Deposit

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Montreal Office

2000 McGill College Ave., Suite 2210

Montreal, QC, H3A 3H3

T +1 (514) 289-1180 F +1 (514) 289-0958

Toronto Office

65 Queen Street West, Suite 800

Toronto, Ontario M5H 2M5

T +1 (416) 861-1685 F +1 (416) 861-8165

TSX.V: LLG www.masongraphite.com