CKR Announces Assays of Screened Aukam Samples With Average Grade of 59.40% Cg

Vancouver, BC (FSCwire) - CKR Carbon Corp.. (“CKR” or the “Company”) (TSX-V: CKR) (CB8–FRANKFURT) (CBULF – USA) is pleased to announce the results of assays on approximately 160 kilograms of samples sent to TEA-Lab (previously Lilof Enterprises) of Swakopmund, Namibia.  The average grade of 59.40% Cg (Carbon as graphite) for the graphite samples resulted from only screening of material from the Aukam dumps.  Average grades of flake graphite deposits typically range from 1.5% to 25% Cg. 

Assay Results

Total results of all assays from 7 samples ranging in weight from 20 kg to 30kg show a range of 55.64% Cg (carbon as graphite) to 63.87% Cg with an average of 59.40% Cg (See results below). While these samples were selected from a larger 1.6 tonne sample of the dumps, they are not considered representative of the mineralization on the property as a whole.

These samples were taken from a 1.6 tonne sample shipped as part of our commitments under a Letter of Intent with a vertically integrated graphite producer (See news release dated March 16, 2016) and are believed to be representative of that larger sample.  

“The grade of these samples exceeds our expectations based on previous assays of screened bulk samples from the Aukam dumps that averaged 42% Cg” said Dr. Roger Moss, Chief Executive Officer of CKR Carbon. “We expect the 1.6 tonne sample to respond well to processing and look forward to the results of the test.”

  Assays were performed at TEA-Lab of Swakopmund. Samples were crushed by hammer and jaw crusher to <5mm and split before milling sub-samples to < 200 microns followed by thermo-gravimetric analysis.

The technical content of this news release was approved by Roger Moss, Ph.D., P.Geo a qualified person as defined by National Instrument 43-101.

About the Aukam Project

CKR has an option to acquire up to 73% in the Aukam graphite project by meeting certain milestones and making cash payments. The project is located on 34,082.15 hectares in southern Namibia close to the port city of Luderitz. The property hosts three underground adits which were mined periodically between 1940 and 1974. Five dumps from the historical mining occur on the property and 73 samples from the lower three dumps were assayed and averaged 42% Cg.  CKR is planning a bulk sampling program at Aukam, and has a letter of intent to sell the graphitic material produced during the program. CKR also intends to put the historical mine back into production and is working on an application for a mining license. The company maintains high safety and environmental standards and has a comprehensive strategy of social engagement.

About CKR Carbon Corporation

CKR Carbon Corp. is focused on high quality, natural graphite suitable for use in lithium-ion batteries, graphite foil and other value-added high growth technology applications.  We only select projects requiring low capital and a short time to market. The company is listed on the TSX Venture Exchange under the symbol CKR and has 33.2 million shares outstanding.

For more information: visit the website at www.ckrcarbon.com or contact:

Roger Moss, CEO, +1 416-704-8291      E-mail inquiries: rmoss@ckrcarbon.com

For graphite product enquiries:

Arno Brand, Boswell Projects, +1 416-561-4095    abrand@boswellprojects.com

“Neither 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.”

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions.  Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available atwww.sedar.com).

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