Great Lakes Graphite Partners With Schulich School of Business on Strategy

Toronto, Ontario--(Newsfile Corp. - October 22, 2014) - Great Lakes Graphite Inc. (TSXV: GLK) ("Great Lakes" or the "Company") announces today that the Company has been selected out of many candidates by a team of MBA students from the Schulich School of Business at York University to participate in a project to be conducted over the next two months. The project provides an opportunity for the Schulich team to provide consulting services in a real-world environment. CEO Paul Gorman said "The timing of this initiative is excellent given the Company's current focus on business strategy. We greatly look forward to working closely with the Schulich team on this project."

The team consists of four MBA students with diverse educational and professional backgrounds who will serve as consultants to the Company to conduct a comprehensive strategic analysis and to provide recommendations focused on strategies for growing revenues, profit, or both. Daniel Zaitz, who represented the Schulich team during the selection process, said "It is a great honour to have Great Lakes Graphite on board with this project. I am confident that the partnership will be a great learning experience for my group and will also add significant value to Great Lakes' business."

About the Schulich School of Business: Global, innovative and diverse, Schulich offers business programs year-round at its state-of-the-art complex at York University, at its Miles S. Nadal Management Centre located in the heart of the Toronto's financial district, and at its new campus in Hyderabad, India. Schulich also operates a number of satellite centres in Beijing and Shanghai, China; Mumbai, India; Seoul, South Korea; Mexico City, Mexico and Sao Paulo, Brazil. Schulich offers undergraduate, graduate and postgraduate business degrees that lead to rewarding careers in the private, public and nonprofit sectors, and has 27,000 alumni working in over 90 countries. The School pioneered Canada's first International MBA (IMBA) and International BBA (iBBA) degrees, as well as North America's first ever cross-border executive MBA degree, the Kellogg-Schulich Executive MBA. In addition to Schulich's Master of Finance and Master of Accounting degrees, the School recently launched one of the world's first Master of Business Analytics degrees. Schulich's Executive Education Centre provides executive development programs annually to more than 10,000 executives in Canada and abroad. The School is ranked among the world's leading business schools by a number of global surveys.

About Great Lakes Graphite: Great Lakes Graphite Inc. is an industrial minerals company with the mandate to bring graphite projects to production through the acquisition and development of high quality graphite flake properties. Graphite has moved to the forefront of the Industrial Mineral World as a Critical Mineral required for industrial use and as a major component in the development of new technologies particularly with the advancement of battery storage, mobile battery systems and alternative energy infrastructure.

As there are currently no graphite mines producing in North America, Great Lakes Graphite has the ability to become one of the first producers to supply a growing regional customer base that requires high quality natural graphite, where pricing and demand continue to rise.

The Company, through strategic acquisitions and capable management intends to become a leader in the industrial minerals marketplace. The Company's flagship Lochaber Graphite property is located in Lochaber Township in southwestern Québec. The Company has also entered into option and joint venture agreements with Eloro Resources Inc. on the Summit-Gaber property located in the La Grande Greenstone Belt in the James Bay region of Québec. Further information regarding Great Lakes can be found on the Company's website at: www.GreatLakesGraphite.com.

Great Lakes Graphite trades with symbol GLK on the TSX Venture Exchange and currently has 60,964,819 shares outstanding (89,158,655 fully diluted).

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