No Share Exchange Agreement

Fortune Graphite Inc. - No Share Exchange Agreement with Fortune Graphite Singapore Fortune Graphite Inc. - FORT "Fortune" or "the Company" No Share Exchange Agreement with Fortune Graphite Singapore 12th December, 2014 FOR IMMEDIATE RELEASE TORONTO, ONTARIO - (December 12, 2014) Fortune Graphite Inc. (GXG Markets: FORT) (the "Company") As per the continued due diligence conducted by the directors of Fortune Graphite Inc. (FORT), it has been determined that the shareholders of Fortune would be adversely affected by the implementation of the proposed share exchange agreement with Fortune Graphite Singapore; referenced in the Company's press release dated September 17th 2014. Upon the implementation of the share exchange agreement, the shareholders of Fortune would be required to pay a very large capital gains tax on every share exchanged. It has been concluded that the implementation of the proposed share exchange agreement would not in the best interest of Fortune's shareholders. Therefore, Fortune will not participate in the share exchange agreement with Fortune Graphite Singapore. The Directors of the Company accept responsibility for this announcement Further Enquiries: Fortune Graphite Inc. Dr. Klaus Wagner-Bartak, President 416 367-8240 info@fortunegraphite.com 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. For additional information on the company and its properties, please visit www.fortunegraphite.com CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION 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.