GRA.H

GRANIZ MONDAL INC. (the "Company") (TSX VENTURE:GRA.H) announces that it has
been advised by the TSX Venture Exchange that trading in the Company's shares on
the NEX will be reinstated, effective the opening December 31, 2012.


This reinstatement follows the TSX Venture Exchange's approval of the Company's
acquisition of an option to earn a 75% interest in the Mousseau West graphite
property located in Quebec, as well as the Company's completion of the second
tranche of a private placement in which it raised a total of $342,600. 


Background of Trading Halt, Suspension and Reinstatement on NEX

On September 25, 2012, the NEX announced that trading in Company shares would be
suspended because of the Company's failure to submit, by September 20, 2012, the
required application and other documents seeking to have trading of Company
shares resume as the original reason for the halt in trading was no longer
applicable.


Subsequently, the Company prepared and submitted an application to the TSX
Venture Exchange for reinstatement, and provided the requested documents and
information.


In light of this reinstatement, the Company is issuing this announcement further
to its press release of December 21, 2012, so as to provide investors with a
comprehensive summary of its acquisition of an interest in the Mousseau West
property and the related private placement of securities.


Acquisition of Mousseau West

The Company entered into an option agreement dated December 13, 2012 (the
"Option Agreement") for the acquisition of a 75% interest in the Mousseau West
graphite property ("Mousseau West") from the current owners of that property:
Berthe Lambert (a director of the Company) as to 45%, Richard-Marc Lacasse (an
insider of the Company and a former director and President of the Company), as
to 45% and Donald Theberge (currently a director and the President of the
Company) as to 10% (collectively, the "Vendors").


This acquisition and the related private placement were undertaken to reactivate
the Company, but they do not constitute a reverse takeover under the policies of
the TSX Venture Exchange and they are not at this time sufficient to allow the
Company to graduate to Tier 2 on the TSX-V. Therefore, the Company will remain
on the NEX following the completion of these transactions.


The Mousseau West graphite property is comprised of 12 mining claims covering a
total of approximately 489 hectares straddling the boundaries of Brunet and
Mousseau Townships in Quebec, approximately 12 km north of the town of
St-Veronique (near Mont-Laurier) Quebec. The mining claims comprising Mousseau
West are identified in Schedule "A" to the Management Information Circular
prepared by the Company and sent to shareholders in advance of the Meeting. (A
copy of the Management Information Circular may be viewed at www.sedar.com.) The
Company's purpose in acquiring an option for an interest in the Mousseau West
property is to explore for graphite.


The Option Agreement replaces a letter of intent dated June 26, 2012, which sets
out the proposed terms of the acquisition. The Option Agreement is consistent
with the letter of intent signed in June, except that the Vendors and the
Company have agreed that the payment of $165,000 that would have been payable
now will only be payable one year from now, plus interest of 8% per annum.
Accordingly, the principal terms of the Company's acquisition of a 75% interest
in Mousseau West are as follows:




a.  a cash payment of $165,000 plus 8% interest must be paid to the Vendors
    on or before December 19, 2013; 
    
b.  2,000,000 common shares must be issued to the Vendors immediately, pro
    rata in accordance with their percentage ownership of Mousseau West; 
    
c.  on or before December 19, 2013, the Company must pay the Vendors $25,000
    and issue them 1,000,000 common shares; 
    
d.  on or before December 20, 2014, the Company must pay the Vendors $25,000
    and issue them 1,000,000 common shares; and 
    
e.  Berthe Lambert and Richard-Marc Lacasse will retain, collectively, a 2%
    net smelter returns royalty over and with respect to any and all
    graphite concentrate produced from Mousseau West, subject to the
    additional condition that the Company will retain a right of first
    refusal over any proposed sale of that royalty. 



The Company's 75% interest in Mousseau West will be subject to the following
additional conditions:




a.  in each of the two years following the completion of the acquisition,
    the Company will be required to complete $200,000 of "Approved
    Expenditures" (as defined under the policies of the TSX-V), for a total
    of $400,000 over two years, without any contribution or other payment
    from the Vendors, and without limiting such obligation and until such
    time as the Company has obtained a pre-feasibility study on Mousseau
    West and filed such study on SEDAR, the Company will be responsible for
    paying any and all costs related to and/or arising from the ownership,
    management, maintenance in good standing and exploration of Mousseau
    West (collectively, the "Maintenance and Exploration Costs"); 
    
b.  after the date when a pre-feasibility study on Mousseau West has been
    filed on SEDAR and delivered to the Vendors, the Vendors will be
    responsible for paying for the portion of the Maintenance and
    Exploration Costs that is equal to their ownership interest in Mousseau
    West, subject to the further requirement that a joint venture be formed
    to manage and operate Mousseau West; 
    
c.  the Vendors will be required to provide reasonable cooperation to the
    Company so as to permit the Company to register its 75% ownership
    interest in and to Mousseau West on any appropriate registries or
    records maintained by or on behalf of the Government of Quebec with
    respect to Mousseau West, such registration(s) to be made at the cost
    and expense of the Company; and 
    
d.  with respect to the 25% ownership interest in and to Mousseau West
    retained by the Vendors (the "Residual Interest"), the Company will
    hold, and the Vendors will recognize the Company as holding an option to
    purchase and a right of first refusal over that interest. 



Approval of Private Placement

It was a pre-condition to the Company's acquisition of its interest in Mousseau
West that the Company raise capital through a private placement. A first closing
of this private placement occurred earlier this year, raising proceeds of
approximately $317,000, and a second closing was recently completed raising
proceeds of $342,600. The total raised through the both closings of this private
placement was approximately $659,600 through the issuance of common share units
at $0.12 per unit, those units having separated at closing into 5,496,666 common
shares and 2,748,333 warrants. The warrants are exercisable for one year at
$0.24 per share. All shares and warrants issued in this financing will be
subject to a four month hold period


Investors in this private placement include three insiders of the Company:
Berthe Lambert, a Vendor and director of the Company who subscribed 350,000
common share units, Martin Lacasse, a director of the Company who subscribed for
420,000 common share units and Martin Lafrance, also a director who subscribed
for 200,000 common share units.


Donald Theberge, President of Graniz commented: "Management and the Board are
very pleased that shares of Graniz Mondal Inc. are being reinstated on the NEX.
Having now acquired an option for an interest in a very interesting graphite
property, and having succeeded in raising considerable sums notwithstanding
challenging market conditions, the Company looks forward to moving ahead with
its exploration plans for Mousseau West."


Cautionary Statement

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. No stock exchange,
securities commission or other regulatory authority has approved or disapproved
the information contained herein.


Completion of the acquisition of Mousseau West and of the private placement are
subject to a number of conditions, including but not limited to the TSX Venture
Exchange'sacceptance. There can be no assurance that the acquisition of Mousseau
West and of the private placement will be completed as proposed or at all. 


The foregoing information may contain forward-looking statements relating to the
future performance of Graniz Mondal Inc. Forward-looking statements,
specifically those concerning future performance, are subject to certain risks
and uncertainties, and actual results may differ materially from the plans and
expectations of Graniz. These plans, expectations, risks and uncertainties are
detailed herein and from time to time in the filings made by Graniz with the TSX
Venture Exchange/NEX and securities regulators. Graniz does not assume any
obligation to update or revise its forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by
law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Donald Theberge
President
(418) 572-0648

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