This presentation was prepared for the 2015 Benchmark Minerals Intelligence Battery Raw Materials | Supply Chain 20/20 World Tour and was presented in NYC and Toronto by CEO Paul Gorman.

1. G R A P H I T E
Great Lakes
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20
Joining the Global
Battery Supply Chain

2. Great Lakes
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FORWARD LOOKING STATEMENT
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20
This draft internal Business Plan includes certain statements that may be deemed
ʺforward-looking statementsʺ. All statements in this discussion, other than statements of
historical facts,which address future production, reserve potential, exploration activities
and events or developments that the Company expects, are forward-looking
statements. Such forward- looking statements include, without limitation: (i) estimates
of future graphite prices, supply, demand and/or production; (ii) estimates of future cash
costs; (iii) estimates of future capital expenditures; (iv) estimates regarding timing of
future development, construction, production or closure activities; (v) statements
regarding future exploration results; (vi) statements regarding cost structure, project
economics, or competitive position, and; (vii) statements comparing the Company’s
properties to other mines, projects or metals. Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and exploration
successes, continued availability of capital and financing, and general economic,
market or business conditions. Investors are cautioned that any such statements are not
guarantees of future performance, that the Company expressly disclaims any
responsibility for revising or expanding the forward-looking statements to reflect actual
results or developments, and that actual results or developments may differ materially
from those projected in the forward-looking statements.

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BATTERY EVOLUTION TO...
Lead-Acid NiMH Alkaline Lithium-ion

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BATTERY REVOLUTION
Courtesy of Argonne National Laboratory

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BATTERY RAW MATERIALS
● GRAPHITE
● LITHIUM
● COBALT
● VANADIUM

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ANTICIPATED IMPACT ON GRAPHITE DEMAND
mining,
purification,
shaping & coating.
micronization,
Tesla Gigafactory
Estimated Graphite Requirement:
72,000 tonnes/year by 2020
Equivalent to an approximate 100%
increase in demand over current
annual production.
That will require more...

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FORECASTED GROWTH IN LITHIUM-ION BATTERIES

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WHY GRAPHITE?
CHARACTERISTICS APPLICATIONS

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G R A P H I T E
Great Lakes
WHY

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Mining
Crushing
Grinding
Floating
Drying
Jumbo
Micronization
Purification
Medium
Shaping & Coating
Fine
MARKETS
Flake
Graphite
Micronized
Flake
Graphite
High Purity
Micronized
Flake
Graphite
Large
Sorting
Spherical
Graphite
MINE
WE’RE CONCENTRATING ON ADDING VALUE
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20
Great Lakes Graphite
is concentrating on
value-added carbon
products.

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Moving To The Top Of The Food Chain
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20

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THE RIGHT PLAN FOR THIS MARKET
Weak concentrate prices
+ Stable pricing for upgraded products
+ Funding drought for new mine construction
+ Ability to enter MG market with minimal CAPEX
= Opportunity to move GLK to the front of the pack

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THE RIGHT TEAM WITH THE RIGHT SKILLS
Vision / Strategy
Entrepreneurialism
Industrial Minerals marketing
Database Marketing
Capital Markets / Finance
Sales
Information Technology
Mine site development expertise
LEAN Methodologies
Purification
Business Process Management
Operations
Micronization
Management Team
Paul Gorman
Chief Executive Officer
Mike Coscia
Senior VP of Sales
Jerry Janik
Chief Operating Officer
Paul Ferguson
Chief Marketing Officer
Independent Directors
Laura Mottola
Independent Director
Greg Murphy
Independent Director
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20

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VISION AND STRATEGY
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20
Enter Micronization market, develop purification technologies
Enter spherical market, full vertical integration
Enter purification market, develop spheronization capabilities
Stage I: Launch
Stage II: Ramp
Stage III: Integrate
Vision: Capitalize on a growing supply/demand gap for natural graphite as a strategic
material in both traditional and emerging market applications.

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BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20
SOURCE
DISTRIBUTE
PROCESS
STAGE I: LAUNCH (2015-2016)
Production Line No. 1
2
3

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SOURCE
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20
SOURCE
NOW: import flake graphite from Brazil
FUTURE: acquire synergistic asset(s)

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BY THE NUMBERS
SOURCE - LOCHABER FOR THE LONG HAUL?
Lochaber hosts a flat-lying near surface graphite deposit.
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20
PURITY AND PARTICLE SIZE
4,090,000 tonnes of 4% graphite (inferred)
11,000+ metres of drilling
2649 hectares
100 percent owned
30 kilometers from Ottawa
3 high grade occurrences
2 past producing mines
Graphite Class Particle Size
Distribution
Purity
(%C)
Super Jumbo Flake/XXL 1.44% 96.50%
Jumbo Flake / XL 44.00% 96.40%
Large Flake 12.20% 94.55%
NOTE: There is no guarantee that Lochaber contains a mineable resource.
No studies have yet been performed to establish the economic viability of
advancing the Lochaber Graphite project to production.

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PROCESS
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20
1) Feed
2) Grind
3) Bag
4) Ship
PROCESS
Production Line No. 1
2
3

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PROCESS - MICRONIZED FLAKE GRAPHITE
Fast Facts
● Made by grinding graphite powder to
superfine grades.
● Standard products that are sold into
many markets at prices well above raw
graphite prices.
● MFG is an intermediary product
between raw graphite and spheronized
graphite.
Key Differentiator
Our near-term focus is on processing
graphite, a superior business model given
current market conditions.
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20

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❏ Saves
$15MM
in
CAPEX
and
3
years
of
permi>ng
and
construcCon.
❏ Natural
gas,
power,
road
&
rail
are
all
available
on
site.
❏ Plant
startup
scheduled
for
4Q15.
Jerry
Janik
The
Matheson
Facility
is
located
1
hour
east
of
Timmins,
Ontario.
PROCESS - MATHESON MICRONIZATION FACILITY
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20
Capital
Expended
Refurbish/EPCM:
$1.2MM
Key
Numbers
(annual)
Lease:
Yr
1
$1,
Yr
2
$30K,
Yr
3-­‐5
$50K
Op
Ex:
$18.1MM
Revenue:
$30.0MM
Cash
Flow:
$11.9MM
Note:
Op
Ex,
Revenue
and
Cash
Flow
are
esCmated.
● Over
25
years
experience
in
the
mining
industry.
● Extensive
knowledge
in
the
design,
operaCon
and
management
of
micronizaCon
operaCons.
● Dual
diplomas
in
geology
and
mineral
processing.

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DISTRIBUTE
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20
DISTRIBUTE
Set an achievable plan
Focus on North American markets
Solidify relationships with key customers
Build credibility and steady cash flow
Mike
Coscia
● Over
30
years
experience
in
the
chemical
and
minerals
industries.
● Extensive
experience
in
sales,
markeCng,
technology
and
product
development.
● Senior
sales
posiCons
with
Cabot
Corp,
SGL
Carbon,
H.C.
Starck
and
Ontario
Graphite.

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Market
Micronized Graphite
Drilling Fluids
Carbon Brush
Lubricants
Powder Metallurgy
High Purity Micronized Graphite
Composites
Lubricants
Friction
Dispersions
Pencil
Alkaline & Rechargeable Battery
Li-ion for EVs, energy storage
QualificaCon
Time
Required
Product
Value
&
Cost
MG
HMG
HMG
(Spheronized)
Qual-1 Qual-2 Purchase
Qual-1 Qual-2 Purchase
Qual-2Qual-1 Purchase
Phase I: MG
Phase II: HMG
Phase III: HMG (Spheronized)
Sampling
is
typically
done
at
bench
scale
and
again
at
pilot
scale
before
purchase
orders
are
placed.
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20
STAGE II: RAMP (2016-2017)

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To Identify SolutionsParallel Development
23
PURIFICATION FOR BATTERY USAGE
GETTING TO 99.9%
STRATEGY
Chemical
METHODS
Thermal
2200⁰C
With Partners
HydroMetallurgical

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What We Do
Advance Marketing
Customer Sampling
Lean Manufacturing
Targeted Vertical Integration
Strategic Partnerships
Why It Matters
Flexibility/Repeatability
High Margin
High Purity = High Value
Minimal Capex/Opex
Fast Path to Cash Flow
THE GREAT LAKES ADVANTAGE
BENCHMARK | WORLD TOUR 2015
BATTERY RAW MATERIALS | SUPPLY CHAIN 20/20

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OPPORTUNITY IS KNOCKING ON CANADA’S DOOR
Graphite Deposit
Graphite Micronization
(pre-commissioning)
Canada is uniquely positioned to become a dominant player in energy storage.
World-class Infrastructure
Graphite Production
Lithium Deposit

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Thank You!