Fortune Graphite Issues Shares for Payment of A...

Fortune Graphite Inc. Issues 29M Shares for the Payment of Assets TORONTO, ONTARIO--(October 18, 2013) - As per the agreements between Fortune Graphite Inc. (GXG Markets: FORT) and its debtors, Fortune has outstanding liabilities totaling $2.9 million CAD for the payment of assets. At the request of the debtors, these liabilities may be converted into new Common shares at a price of $0.10 CAD per share at any time. At this time, the debtors have requested the liabilities totaling $2.9 million CAD be converted into new Common shares at a price of $0.10 CAD per share. This conversion will result in the issuing of an additional 29,000,000 Common shares. Upon the issuance of these shares, the new issued and outstanding share total will be 39,203,636. About Fortune Graphite Inc. Fortune Graphite Inc. is a Canadian company in British Columbia that identifies valuable mining properties bearing Graphite Carbon, Gold, Silver & other precious metals. The company has acquired a group of mineral claims in the Slocan Mining Division; a known graphite mineral-bearing region of British Columbia, Canada. The property is in an advanced stage of exploration. Safe Harbor Certain statements above constitute forward-looking statements with respect to Fortune Graphite Inc. and affiliated companies. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements.