Northern Graphite Corporation is pleased to announce that the prefeasibility study (PFS) currently underway on its Bissett Creek graphite project will be upgraded to a full bankable Feasibility Study (FS). The FS is scheduled for completion in November, 2011 and the Company expects to complete the permitting process in the first quarter of 2012 at which time Northern will be in a position to commence construction of the mine, subject to positive results from the FS and to financing.

The FS will be completed under the supervision of G Mining Services Inc. Consultants currently working on the PFS will continue to fulfill their mandate as part of the FS. SGS Canada Inc. - Geostat is preparing a new resource calculation and mine plan, SGS Mineral Services (Lakefield) is confirming previous metallurgical work and finalizing the mill flow sheet, Knight Piesold Ltd. is completing environmental and mine permitting and designing the tailings facility, and Met-Chem Canada Inc. is responsible for mill layout and design.

Gregory Bowes, Chief Executive Officer, commented that "Because a substantial amount of work has been completed on the Bissett Creek project by ourselves and previous owners, and it does not present any unusual engineering or technical challenges, it became apparent that the PFS could be upgraded to a FS in about the same period of time and at a reasonable cost. The FS will provide a lot more comfort to the market and potential strategic partners with respect to the quality of our project and solidify Northern's position as one of the most advanced new graphite projects in the world ."