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CORRECTION FROM SOURCE: Alabama Graphite Corp. Drills a 124.97m (410 ft) Intercept at its Coosa Graphite Project, Alabama


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© Marketwire 2012
2012-12-14 15:03:11 -

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/14/12 -- The following corrects and replaces the release issued for Alabama Graphite Corp. at 4:05 pm ET on December 13, 2012. The intercept in the title, and in the last sentence of paragraph three, was incorrectly listed as 152.4m. The correct figure is 124.97m, and the complete, corrected release follows.


Alabama Graphite Corp. (the "Company") (CNSX:ALP)(FRANKFURT:1AG)(ISIN# CA0102931080)(WKN A1J35M) is pleased to report assay results from its ongoing drilling at the Coosa Graphite Project, Alabama.


Holes AGC-12-007C and -009C are two of twelve stratigraphic holes drilled to gain an understanding of the lithologic section across the Company's mineral lease in Coosa County. Both holes were on the northeast fence of holes that will be used to guide resource development drilling within the same suite of rocks. Samples were logged and sampled at the Company's facility in Sylacauga and shipped to ALS Minerals in Elko, Nevada, for analysis. The samples were analyzed for graphitic carbon (Cg) by the LECO method.



Both holes were drilled at an azimuth of 300 degrees and a -50 degree dip in order to intersect the graphitic schists perpendicular to foliation. In AGC-12-007C the interval from 36.58 to 83.82m (120 to 275 feet) averaged 2.87% Cg. Included in this 47.24m (155 feet) interval was 6.10 meters (20 feet) grading 4.62% Cg. In AGC-12-009C the interval from 27.43m (90 feet) to the bottom of the hole averaged 2.97% Cg. Included in this 124.97m (410 feet) interval was 9.14m (30 feet) grading 3.55% Cg and 19.81m (65 feet) grading 3.78% Cg.


Based on the stratigraphic relationships, the reported intercepts represent two separate mineralized intervals. The mineralized horizon in hole AGC-12-009C is to the northwest and stratigraphically below the horizon in Holes AGC-12-007C and remains open at depth. The ongoing drilling is currently testing the interval in hole AGC-12-009C.


Below is a table summarizing the significant results from the new drill hole:


---------------------------------------------------------------------------
                                      Total                                
                                      Depth    From       To   Width       
Drill Hole   Area                        (m)     (m)      (m)     (m)    Cg
---------------------------------------------------------------------------
AGC-12-007C  Northeast                152.4   36.58    83.82   47.24   2.87
             Stratigraphic Fence                                           
---------------------------------------------------------------------------
             Including                        45.72    51.82    6.10   4.62
---------------------------------------------------------------------------
AGC-12-009C  Northeast                152.4   27.43    152.4  124.97   2.97
             Stratigraphic Fence                                           
---------------------------------------------------------------------------
             Including                        28.56    38.10    9.14   3.55
---------------------------------------------------------------------------
             Including                        92.96   112.78   19.81   3.78
---------------------------------------------------------------------------



CEO, Daniel Spine comments, "We are very pleased to report our first drill results which we consider a major milestone in our efforts to bring Alabama back into the ranks of graphite producers. Core from drill holes along strike from these holes are currently in the lab awaiting analysis. We expect to have additional assay results to report shortly."


Dana Durgin, P.Geo., a Qualified Person as defined by National Instrument 43-101 and independent consultant to the Company, has reviewed the contents of this press release.


About Alabama Graphite:


Alabama Graphite Corp., through its wholly-owned subsidiary, Alabama Graphite Company Inc., is a graphite exploration and development company whose flagship project "The Coosa Graphite Project" in Coosa County, Alabama encompasses of over 40,000 acres located in an area with significant historical production of crystalline flake graphite. For further details go to www.alabamagraphite.co.


The Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.


Contacts:

Alabama Graphite Corp.

Daniel Spine

CEO

(404) 661-6254


Alabama Graphite Corp.

Danny Gravelle

Investor Relations

(949) 481-5396
ir@alabamagraphite.co :

www.alabamagraphite.co



Press Information:




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