Northern Graphite Corporation (TSX VENTURE:NGC)(OTCQX:NGPHF)(the "Company")
announces that it has signed indicative term sheets with Caterpillar Financial
Services Corporation ("Cat Financial") to provide financing for the purchase of
up to US$17.5 million in Cat mining and Cat power equipment for the Company's
Bissett Creek graphite project. Cat Financial has preliminarily indicated its
additional interest in participating in a Project Debt Facility, subject to
receipt of an Information Memorandum relating thereto and its agreement with the
terms and conditions thereof.


The equipment financing facility will cover the cost of the mobile mining fleet
and the purchase and installation of natural gas powered generators including
the engineering, procurement and construction management related thereto. The
Company's recently completed feasibility study contemplated mining being carried
out by an independent contractor. By buying and operating its own mining fleet,
the Company anticipates that it will reduce operating costs by in excess of
US$50/t per tonne of concentrate produced. Closing of the financing facilities
is subject to customary conditions including due diligence, satisfaction of
conditions precedent, internal Cat Financial credit approval and negotiation and
execution of definitive legal documentation.


Gregory Bowes, CEO, commented that; "The financing package potentially
represents one third of the capital required to develop Bissett Creek and is an
important milestone in achieving our goal of financing construction in a manner
that minimizes dilution and maximizes shareholder value."


About Northern Graphite Corporation

Northern Graphite Corporation (TSX VENTURE:NGC) is a Canadian company that has a
100% interest in the Bissett Creek graphite deposit located in eastern Ontario.
Northern Graphite is well positioned to benefit from the compelling
supply/demand dynamic that has developed in the graphite industry with a high
purity, large flake, scalable deposit that is located close to infrastructure.
Permitting is expected to be completed in the first quarter of 2013, following
which mine construction could commence. Additional information on Northern
Graphite Corporation can be found under the Company's profile on SEDAR at
www.sedar.com and on the Company's website at www.northerngraphite.com


This press release does not constitute an offer to sell or the solicitation of
an offer to buy securities in any jurisdiction.


This press release contains forward-looking statements, which can be identified
by the use of statements that include words such as "could", "potential",
"believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other
similar words or phrases. These statements are only current predictions and are
subject to known and unknown risks, uncertainties and other factors that may
cause our or our industry's actual results, levels of activity, performance or
achievements to be materially different from those anticipated by the
forward-looking statements. The Company does not intend, and does not assume any
obligation, to update forward-looking statements, whether as a result of new
information, future events or otherwise, unless otherwise required by applicable
securities laws. Readers should not place undue reliance on forward- looking
statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Greg Bowes
CEO
(613) 241-9959


Steve Thompson
CFO
(613) 241-9959


Don Baxter P.Eng
President
(705) 789-9706
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