NEWS RELEASE.

May 10, 2012: Vancouver, BC – Strike Graphite Corp. (Stock Profile – TSXV: SRK) provided an update on exploration activities at the Simon Lake Property, located in north-central Saskatchewan.

To date, the company has completed drilling two diamond drill holes within the historic Simon Lake trend, and has commenced drilling of a third drill hole located along the same conductive trend approximately 10 km to the southwest of Simon Lake. The company is pleased to announce that continued success has been achieved; the second drill hole of the program has encountered a 148.7-meter Graphitic zone.  Photos of the core will be uploaded to the company website or may be viewed at the following link: www.strikegraphite.com/core-photo-gallery.html

Highlights:

•    Hole SL-12-001 encountered three graphitic intervals beginning at the start of bedrock;
•    Hole SL-12-002 encountered a 148.7 metre graphitic zone.

Recently completed drill hole SL-12-002 encountered approximately 132.5 metres of graphite bearing rocks over a 148.7 metre zone between 72.1 and 220.8 metres depth. Seven individual graphite-bearing intervals range between 5.0 and 40.5 metres wide; and are separated by narrower intervals of trace-to-non-graphite bearing intervals of between 0.9 and 6.0 metres.

To read the full news release – CLICK HERE.

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