Arrowhead Business and Investment Decisions Initiates Analyst Coverage of Eagle Graphite

Toronto, Ontario--(Newsfile Corp. - March 15, 2017) - Eagle Graphite Incorporated (TSXV: EGA) ("Eagle Graphite" or the "Company") is pleased to acknowledge initiation of analyst coverage by Arrowhead Business and Investment Decisions ("ABID" or "Arrowhead"). ABID is based in New York City, and provides independent research and investor relations through its institutional and private investor network.

Arrowhead's coverage of Eagle Graphite is available at the ABID website.

Reports on Eagle Graphite prepared by analysts represent the views of such analysts and are not necessarily those of the Company. Although the Company has paid a fee to Arrowhead to provide its independent research opinion (much in the way that fees are paid to bond-rating agencies and auditors for their opinions), the Company is not responsible for the content, accuracy or timelines contained in an analyst's report. The fee paid for independent research was not dependent on the opinion provided. In addition, readers should be aware, and are cautioned, that opinions, estimates, or forecasts contained in research analyst reports are not subject to the requirements of Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101") and have not received any endorsement or approval by the Company. The Company does not imply or in any way represent that any of the reports, opinions, estimates, or forecasts regarding Eagle Graphite made by research analysts conforms with NI 43-101 or represent the opinions or beliefs of the Company or its management or representatives. Readers should refer only to information filed by the Company, including its technical report(s) relating to the Black Crystal Graphite Project, for information prepared in accordance with NI 43-101.

For further information please contact

Eagle Graphite

Jamie Deith, CEO

Tel: +1-877-472-3483

Email: ir@eaglegraphite.com

Arrowhead Business and Investment Decisions

Daniel Renaud, Managing Director

Tel:+1 212 619 6889

Email: eagle@arrowheadbid.com

About Eagle Graphite

Eagle Graphite Incorporated is an Ontario company that owns one of only two natural flake graphite production facilities in North America, located 35 kilometres west of the city of Nelson in British Columbia, Canada, and 70 kilometres north of the state of Washington, USA, known as the Black Crystal graphite quarry. The Company's shares are listed on the TSXV under the symbol "EGA", on the Frankfurt Stock Exchange under the symbol "NJGP", and on the US OTC market under the symbol "APMFF".

About Arrowhead

Arrowhead Business and Investment Decisions is a family-owned New York City-based financial services provider which was founded in 2008, and which puts perspective, insight and advice at the disposal of its partners in the business community. Arrowhead maintains the www.abid.co private network to facilitate information exchange between investors and company managements.

Cautionary Statements

Disclosure Regarding Forward-Looking Statements: This press release contains certain "forward looking information" within the meaning of applicable securities legislation. Such information is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking information and accordingly, readers should not place undue reliance on such information. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. In evaluating forward-looking information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward looking information. The statements in this press release are made as of the date of this release. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company or its securities, its financial or operating results, as applicable.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.