re: Ann: Graphite Assay Results received - Ar... Hi,Those are...

re: Ann: Graphite Assay Results received - Ar... Hi,

Those are canadian Graphite companies,

NGC is one that is close to production,

ZEN is also one that is exploring.

Its actually a pretty good comparision to MOX.

This is their recent result and they have 53 Million shares on issue and trading around 0.63.

ZENYATTA VENTURES; DRILLING CONTINUES TO INTERSECT WIDE ZONES OF GRAPHITE BRECCIA AT ALBANY GRAPHITE DEPOSIT IN ONTARIO, CANADA

Zenyatta Ventures Ltd. is providing an update on drilling at the Albany graphite deposit, located near Hearst in Northeastern Ontario, Canada.

Drill hole No. 3 (Z12-4F3), which is near completion, was collared 200 metres north of the original discovery drill hole (Z11-4F1) and drilled in a southerly direction. Significantly, upon passing through the overburden/limestone, the hole immediately intersected graphitic breccia which shows the deposit coming to near surface. A wide zone (43.1 metres) of graphitic breccia was intersected from 62.6 m to 105.7 m followed by a zone of graphitic overprinting from 105.7 m to 133.5 m. Another very wide zone (128.1 m) of graphitic breccia was intersected from 133.5 m to 261.6 m. This represents the largest intersection of graphitic breccia drilled to date. Graphitic overprinting consists of veinlets of graphite within the granite.

Drill hole No. 2 (Z12-4F2) was designed to test the southern extent of the graphite breccia pipe. The drill hole was collared 200 metres south of the original discovery hole (Z11-4F1) to test the limits of the geophysical anomaly model and to define the contact of the graphitic breccia body. The drill hole defined this contact and intersected a wide zone of graphitic breccia and graphitic overprinting, where the breccia pipe model predicted it would be located. The drill hole intersected a wide zone (59.62 m) of graphitic breccia from 380.27 m to 439.89 m.

Graphite analyses for these two drill holes are expected over the next 10 to 12 days. A plan map, section and additional photos can be found on the company's website.

Holes No. 4 (Z12-4F4) and No. 5 (Z12-4F5) have been proposed by the geological technical team and are shown on the website plan map. These drill holes will further test the geophysical conductor with a large (400 m) step-out to the east. Hole No. 4 is scheduled to be started in the next five to seven days.

The goal of the current drill campaign is to geologically define the extent of the graphite breccias, delineated by an airborne geophysical conductor with approximately 4,000 m of wide-spaced drilling over the next two months. As previously announced in the company's news releases, recent drill holes on the Albany project have intersected extensive graphite-rich breccia zones. Subsequent petrographic examination of samples sent to Lakehead University (LU) confirmed the drill hole had intersected a very rare hydrothermal (magmatic) occurrence of graphite with a flake size ranging from fine (minus-270 mesh) to coarse (plus-40 mesh). As per recommendations of the LU report, SGS Canada Inc. (mineral services division of Lakefield) has been engaged to assess the purity and metallurgical response of the graphite material.

Aubrey Eveleigh, president and chief executive officer, stated: "Drilling continues to expand this unique and large graphite deposit at our Albany project. The company is looking forward to continued definition drilling and receiving the graphite analyses within the next two weeks."

The graphite discovery is located 30 kilometres north of the Trans-Canada Highway, power line and natural gas pipeline. A rail line is located 70 kilometres away and an all-weather road approximately four to five kilometres from the graphite deposit. The Albany graphite deposit is near surface, underneath glacial till overburden.

Aubrey Eveleigh, PGeo, president and CEO, is the qualified person under NI 43-101, and has reviewed the technical information contained in this news release.