CKR Carbon Closes $2,793,640 Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwired - Nov. 24, 2017) - CKR Carbon Corporation ("CKR" or the "Company") (TSX VENTURE:CKR) (FRANKFURT:CB81) (WKN:A143MR) an integrated graphite to hybrid graphenes advanced nano material development company is pleased to announce that it has closed its non-brokered private placement announced on November 23, 2017 and raised $2,793,640 (the "Offering"). The Company placed 39,909,143 working capital units (the "WC Units").

Each WC Unit is priced at $0.07 and consists of one (1) common share and one (1) common share purchase warrant ("WC Warrant"). Each WC Warrant entitles the holder to purchase one (1) common share (a "WC Warrant Share") at a price of $0.10 per WC Warrant Share until the earlier of: (i) three (3) years following the closing of the Offering; and (ii) in the event that the closing price of the common shares on the TSX Venture Exchange is at least $0.30 for twenty (20) consecutive trading days, and the 20th trading day (the "Final Trading Day") is at least four (4) months from the closing of the Offering, the date which is thirty (30) days from the Final Trading Day.

The Company paid eligible finders cash compensation of $151,209.80 and issued 2,160,140 Broker Warrants. Each Broker Warrant entitles the holder to acquire one (1) common share of CKR at $0.07 for a period of three (3) years from the closing of the Offering.

All securities issued pursuant to the Offering are subject to a four month hold period expiring on March 25, 2018.

Arno Brand, Co-CEO of the Company, said "we are grateful to our shareholders for their continued support in developing the Aukam graphite project".

Proceeds from the Offering will be used to complete the pilot plant at Aukam, for the acquisition of mining equipment, for further exploration at Aukam, for product development and for general working capital.

Insiders of the Company subscribed for 2,400,000 WC Units for $168,000. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company issued to the insiders does not exceed 25% of its market capitalization.

About CKR Carbon Corporation

CKR Carbon Corporation is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene based components for a range of mass market products. We are collaborating with a leading European manufacturer of graphenes to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The Company is listed on the TSX Venture Exchange under the symbol CKR.

For more information: visit the website at www.ckr-carbon.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 at www.sedar.com).