Mason Graphite Appoints Tayfun Eldem as Chairman of its Board of Directors

MONTREAL, Feb. 26, 2013 /CNW/ - Mason Graphite Inc. (TSX.V: LLG) ("Mason Graphite" or the "Company") is pleased to announce the appointment of Mr. Tayfun Eldem, P. Eng., current Director of the Company, as Chairman of the Board.

Benoît Gascon, CEO of Mason Graphite commented, "We are very pleased that Mr. Eldem has accepted the position of Chairman for our Board. We have seen tremendous progress at the Lac Guéret project in the last six months and we believe his development and operational experience will greatly benefit the Company as we continue to move the project towards production."

Mr. Tayfun Eldem currently serves as the President and CEO of Alderon Iron Ore Corp. He has worked for the Iron Ore Company of Canada ("IOC"), a Rio Tinto subsidiary, for more than 20 years, including three years as a Director on the joint-venture Board. During this period, Mr. Eldem held many senior roles including Vice President, Expansion Projects & Engineering and Vice President, Operations & Engineering. Mr. Eldem was accountable for the development and delivery of a nearly $2.0 billion program of green and brown fields expansion projects. Prior to his Projects role, Mr. Eldem was responsible for all of IOC's Operations including the mine, process plants, rail and port facilities. Mr. Eldem led a team of about 2,000 to deliver two consecutive years of record annual material movement at the mine and record ore processing through the concentrator. Mr. Eldem holds a Bachelor of Engineering degree from Dalhousie University along with Operations & Strategic Management Certificates from Richard Ivey School of Business and London Business School.

Mr. Eldem replaces Mr. Tyrone Docherty as Chairman of the Board, however Mr. Docherty will continue to serve Mason Graphite as Vice-Chairman.

About Mason Graphite

Mason Graphite is a Canadian mining company focused on the exploration and development of its 100% owned Lac Guéret graphite property, which is located in northeastern Québec near the main service center of Baie-Comeau.  The Lac Guéret graphite property currently hosts a National Instrument 43-101 compliant Mineral Resource of about 300,000 tonnes at 24.4% Cgr in the Measured category and 7.3 million tonnes at 20.2% Cgr in the Indicated category. (See news release issued on July 16, 2012). Exploration potential exists on the property with the current Mineral Resource based on exploration of only 17% of one well defined zone. Mason Graphite is led by Benoit Gascon, CA CMA, who has held 20 years of executive positions at Timcal, including over 6 years as CEO. Timcal, now owned by Imerys, is one of the largest graphite producers in the world.

Other Information

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SOURCE: Mason Graphite Inc.

For further information please visit www.masongraphite.com or contact:

Investor Relations
[phone]
[email protected]

Simon Marcotte, Vice-President Corporate Development
[phone]

Benoît Gascon, CEO
[phone]

Montreal Office
2000 McGill College ave., Suite
2210 Montreal, PQ  H3A 3H3

Toronto Office
65 Queen Street West, Suite 800
Toronto, Ontario M5H 2M5