Graphite One Announces Appointment of New CFO

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 12, 2014) - Graphite One Resources Inc. (TSX VENTURE:GPH)(OTCQX:GPHOF) ("Graphite One" or the "Company") is pleased to announce that W. Alan Ahlgren has been appointed Chief Financial Officer and Corporate Secretary effective December 12, 2014. Mr. Ahlgren will replace Dale Hansen, who resigned effective December 12, 2014. Mr. Ahlgren will be based in the Company's office in Vancouver and the Calgary office will be closed.

Mr. Ahlgren is a Chartered Professional Accountant, Chartered Accountant and has extensive experience having served as CFO and Corporate Secretary with AQM Copper Inc. and previously with First Coal Corporation, until its purchase by Xstrata Coal Canada. Recently, Mr. Ahlgren has been assisting in the restructuring of a company with operations in Argentina and with a mining company in transition following a purchase of a mine in the United States. Prior to First Coal, Mr. Ahlgren served as Vice President Finance with Kinross Gold Corp.. Mr. Ahlgren is a graduate of the University of Manitoba with a Bachelor of Commerce (Honours) in Accounting and Finance.

"Graphite One is delighted to welcome Alan to the team," stated Anthony Huston, President and CEO for Graphite One, "Alan has the background and experience needed to ensure a smooth transition and assist with continuing to move our Graphite Creek Project forward. I also thank Dale for his hard work and dedication to the Company over the past few years. It has been a pleasure working with Dale and we wish him well with his new endeavors."

About Graphite One Resources Inc.

Graphite One Resources Inc. (TSX VENTURE:GPH)(OTCQX:GPHOF) is a mineral exploration company with extensive experience in the state of Alaska and a business strategy to identify, acquire, and explore high potential projects ready for rapid advancement. The Graphite Creek Property on the Seward Peninsula of Alaska fits with the Graphite One business strategy offering significant potential for the discovery and development of a large flake, graphite deposit exposed at surface.

ON BEHALF OF THE BOARD OF DIRECTORS

"Anthony Huston" (signed)

For more information on Graphite One Resources Inc. please visit the Company's website, www.GraphiteOneResources.com.

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.

This release includes certain statements that may be deemed to be forward-looking statements. All statements in this release, other than statements of historical facts that address access to capital, regulatory approvals, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, except as required by applicable securities laws. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.