January 21, 2019, Toronto: Great Lakes Graphite Inc. doing business as NovoCarbon Corporation (“GLK”, “NovoCarbon” or the “Company” TSX-V:GLK, OTCQB:GLKIF, FWB:8GL) announces today that the Company has filed material contracts on January 10, 2019 and January 21, 2019 respectively in respect of certain developments, such developments consisting of the following:

  1. Supply Agreement with DNI Metals Inc. (CSE: DNI) to buy graphite flake from Brazilian suppliers
  2. Partnership with Ashland Advanced Materials (AAM) on Purification
  3. Partnership with Shamokin Carbons as Micronization Partner
  4. Distribution Agreement with Graphene Laboratories (TSX-V: GGG)
  5. Debt Financing previously announced on November 10, 2017

About NovoCarbon
Corporation:
NovoCarbon is a Clean
Technology Minerals Processing Company supplying customers with innovative,
high quality value-added carbon products.

There is no significant graphite production in
North America now. As pricing and demand continue to rise, NovoCarbon is one of
the first new domestic suppliers to a growing regional customer base. We
continually work to deliver products of the best quality with outstanding
customer service.

The Company is party to an agreement for
long-term supply of high quality natural graphite concentrate from Brazil.
NovoCarbon is presently working with an established US-based processor for toll
micronization services. The Company has partnered with Ashland Advanced
Materials for commercial-scale purification operations at Ashland’s 110,000
square foot purification facility located in Niagara, New York.

Through our partner relationships, NovoCarbon
began selling micronized synthetic graphite beginning in 2016 and now supplies
micronized and high purity micronized natural flake graphite products to a
growing customer base.

Further information regarding NovoCarbon can be found on
the Company’s website at: www.novocarbon.com

NovoCarbon trades as GLKIF on the OTCQB market
in the US and as GLK on the TSX Venture Exchange in Canada. There are currently
132,656,830 shares outstanding. The current legal name of the corporation is
Great Lakes Graphite Inc., which is doing business as NovoCarbon Corporation
until final approval by the shareholders and the TSX Venture Exchange.

For
more information, please contact:

Paul Gorman
Chief Executive Officer
Email: pgorman@greatlakesgraphite.com

Paul Ferguson
CEO, NovoCarbon, Inc.
Email: pferguson@novocarbon.com
1-800-754-4510 x106

Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

Caution
Regarding Forward Looking Information:
Certain statements in this press release may
constitute “forward looking information” which involves known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or implied by
such forward looking information. When used in this press release, such forward
looking information may use such words as “may”, “will”,
“expect”, “believe”, “plan” and other similar terminology.
Forward looking information is provided for the purpose of presenting
information about management’s current expectations relating to the future
events and the operating performance of the Company, and readers are cautioned that
such information may not be appropriate for other purposes. The forward looking
statements involve a number of risks and uncertainties. These risks and
uncertainties include, but are not limited to, the ability of the Company to
fulfill the orders and future orders, regulatory requirements, general
economic, market or business conditions and future developments in the sectors
of the economy in which the business of Great Lakes operates. The foregoing
list of factors is not exhaustive. Please see the Company’s financial
statements, MD&A and other documents available on www.sedar.com , for a
more detailed description of the risk factors. The Company undertakes no
obligation to update publicly or revise any forward looking information,
whether a result of new information, future results or otherwise, except as
required by law.

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