Mason Graphite strengthens its management team and board

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TORONTO, Nov. 26, 2012 /CNW/ - Mason Graphite Inc. (TSX.V: LLG) ("Mason Graphite" or the "Company") announces that it has strengthened its management team and board of directors effective immediately with the appointment of:

• Tayfun Eldem as a new Director of the Board
  
  
• Luc Veilleux as the Chief Financial Officer
  
  
• Simon Marcotte as the Vice-President of Corporate Development
  
  
• Valery Zamuner as the Chief Legal Officer and Corporate Secretary

Benoît Gascon, CEO of Mason Graphite commented, "I am very pleased to welcome Tayfun, Luc, Simon and Valery to our team. They each bring a tremendous wealth of experience to the Company which will greatly benefit us as we move forward with the development of the Lac Guéret project."

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. Luc Veilleux CPA, CA has over 20 years of experience in the mining and manufacturing industries including eight years at Timcal in the roles of Chief Financial Officer (based in Switzerland), COO and Vice-President of Finance (North America), and Controller for the Lac-des-Iles graphite mine. In these roles Mr. Veilleux was responsible for implementing a new production organizational structure at the mine site and improving its productivity. He also negotiated the renewal of the mine worker's collective labour agreement and reorganized and improved the North American "Customer Service & Logistics" function.

Mr. Veilleux will replace the current Chief Financial Officer, Mr. Greg Duras. Mason Graphite would like to thank Mr. Duras for his efforts and continued support for the Company.

Mr. Marcotte has 15 years of capital market experience and is currently Vice President of Corporate Development for Belo Sun Mining Corp. and Alderon Iron Ore Corp. Previously, he was a partner at Cormark Securities, covering institutional equity sales in the Montreal and New York markets for a four-year period. Prior to his role at Cormark, Mr. Marcotte was a Manager of Institutional Sales for CIBC World Markets. Mr. Marcotte holds a B.A.A. from Sherbrooke University and is a Chartered Financial Analyst (CFA).

Ms. Valery Zamuner was General Counsel, Vice President Legal Affairs and Corporate Secretary for Consolidated Thompson Iron Mines Ltd (CLM), and played a central role in managing CLM's off-take and strategic partnership agreements with Wuhan Iron and Steel, as well as negotiating and concluding the final sale of CLM to Cliffs Natural Resources Inc. The C$4.9B sale to Cliffs represents the largest acquisition ever of a North American iron ore company. Ms. Zamuner obtained her civil law degree from Laval University, is a member of the Quebec Bar and is in the process of completing an MBA at Concordia University, John Molson School of Business. In addition to her CLM experience, she brings a wealth of experience and expertise in corporate and commercial law in the areas of international and domestic M&A, securities, corporate finance and private investment funds.

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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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 News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.

SOURCE: Mason Graphite Inc.

For further information:

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

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

Investor Relations
[phone]
[email protected]

Simon Marcotte, Vice-President Corporate Development
[phone]

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

Benoît Gascon, CEO
[phone]