Energizer Resources Inc. Elevates to the OTCQX Marketplace in the United States

TORONTO, ONTARIO--(Marketwired - Aug 28, 2013) - Energizer Resources Inc. (OTCQX:ENZR)(TSX:EGZ)(FRANKFURT:YE5) ("Energizer" or the "Company") is pleased to announce that effective immediately its shares will begin trading on the OTC Markets Group's highest and most prestigious marketplace, the OTCQX. Companies that qualify for OTCQX must meet the highest financial standards, provide ongoing disclosures and be sponsored by a professional third-party Financial Industry Regulatory Authority (FINRA) member bank or securities attorney. The Company's symbol remains ENZR.

The OTCQX is home to more than 370 Canadian, U.S., and Global companies such as Roche, Adidas, Volkswagen and Bombardier. Joining the OTCQX will provide Energizer with greater visibility in the U.S. market and will facilitate trading by U.S. investors.

Energizer's shares also trade on the main board of the Toronto Stock Exchange (TSX) under the symbol EGZ, and the Frankfurt Stock Exchange (FWB) as YE5.

Energizer remains the only publicly-traded graphite company on the TSX and is pleased with this distinction.

"Our elevation to the OTCQX will provide Energizer with greater visibility in the U.S. market, and facilitate more timely news and information to assist our U.S. investor base when analyzing and trading our shares", said Craig Scherba P.Geo., President & COO of Energizer.

About Energizer Resources

Energizer Resources Inc. is a mineral exploration and development company based in Toronto, Canada, which is focused on developing its flagship Molo flaked graphite deposit in Fotodrevo, southern Madagascar. The Molo deposit is located in the Green Giant Graphite project, and is part of the joint venture (JV) property with Malagasy Minerals Limited in Madagascar. Energizer has a 75% ownership interest and is the operator of the Project.

For more information, please visit our website at www.energizerresources.com.

Safe Harbour: This press release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.