Corporate PresentationSummer 2015

G R A P H I T E

Great Lakes“Powering Markets with Vital Elements”

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Capitalize on a growing supply/demand gap for natural graphite as a strategic material in both traditional and emerging market applications.

INVESTMENT SUMMARY

Market Opportunity

The Great Lakes team has the experience required to bring projects into production AND to complete needed commercial transactions (off take agreements) with end users.

Management and Board

Near Term Cash Flow

The Innovations Division was recently established to facilitate the company’s entry into the micronization and purification markets. The Company is on track for cash flow to begin in the second half of 2015, with production from the Matheson Micronization Facility.

100% ownership of property consisting of 2,649 hectares in Quebec. Lochaber is a compelling flake graphite project with a near-surface resource located close to infrastructure and end user markets (30km from Ottawa).

Long Term Strategy

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Great Lakes Graphite Inc. is an industrial minerals company focused on bringing carbon products to a well defined market through a vertically integrated supply chain.

As there is currently no significant graphite production in North America, Great Lakes Graphite has the ability to become one of the first domestic suppliers to a growing regional customer base that requires high quality natural graphite, where pricing and demand continue to rise.

The Company, through strategic acquisitions and capable management, intends to become a leader in the industrial minerals marketplace.

The Company through its Innovations Division is currently recommissioning an Ontario based Micronization Facility for re-start in late 2015 to achieve the following objectives:

• Establish a position in the upgraded graphite products market with North American customers.

• Create a competitive and disruptive advantage by leveraging existing assets.• Pursue an accelerated timeline to cash flow and revenue by micronizing and

upgrading flake graphite, enabled by supply agreements with current graphite producers.

INTRODUCING GREAT LAKES GRAPHITE

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2004 Shield Gold was formed as a Capital Pool Corporation. 2008 IPO on the TSX Venture Exchange, ticker SHG.V.2012 Buckingham Graphite Property acquired.

Paul Gorman joins as CEO.2014 Company renamed Great Lakes Graphite.

Lochaber Graphite property acquired.Particle Size Distribution shows high percentage of Jumbo/Lg at LochaberInitial Lochaber purity test results return 96%+ with simple flotation only.Lochaber exploration program conducted.

2015 Matheson Micronization Facility Use Agreement signed.Lochaber exploration program conducted.Jerry Janik joins as COO.Supply agreement with DNI Metals for Matheson feedstock.Lochaber NI 43-101 resource estimate reported.Mike Coscia joins as Sr. VP of Sales, President, Innovations Div.

CORPORATE HISTORY

Financing HistorySince 2004, the company has raised just over $6MM in sixteen financings.

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Plan Personnel Assets Prospects Feedstock Supply

Great Lakes Graphite will address demand from North American consumers who are seeking reliable domestic graphite supply of consistent quality and composition. The Innovations Division was formed to pursue a rapid entry into the value-added graphite products market by leveraging the Matheson Micronization Facility.

All requisite elements to achieve cash flow are now in place:

2015 2016

Ramp-up3500 tn

Startup350-500 tn

2017 2018

Full Production10,000 tpa

You are here

NEAR-TERM STRATEGY

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Vision – Capitalize on a growing supply/demand gap for natural graphite as a strategic material in both traditional and emerging market applications.

Immediate Opportunity –The Innovations Division was recently established to facilitate the company’s entry into the micronization and purification markets. The Company is on track for cash flow to begin in the second half of 2015, with production from the Matheson Micronization Facility.

Longer Term – After micronization, GLK will continue up the value chain by acquiring or developing purification and spheronization capabilities. The Lochaber Graphite property represents covenant of supply and the option for domestic production of feedstock.

WHERE ARE WE GOING?

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Atomic Structure

Properties

Applications

Graphite is composed of a stack of carbon atom layers, each arranged in hexagonal groups resembling a chicken wire structure that form one atom thick “sheets” called graphene. Within a sheet, the covalent bonds between atoms are incredibly strong, whereas individual sheets are weakly attracted to each other by other forces, thus allowing sheets to cling together, yet slide over one another much like a deck of cards giving graphite its lubricity.

Strong, Flexible, Heat Resistant, Highly Conductive Thermally and Electrically, Chemically Inert, Highly Refractory

Examples: Li-Ion Batteries, Fuel Cells, Flame Retardants, Crucibles, Brake Pads, Ceramics, Lubricants, Heat Sinks

ABOUT GRAPHITE

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Understand their requirements.

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Future Demand Drivers

Know your customers.Anticipate their needs.

The Megafactories are coming

35GWh* $5Bn Nevada, USA Li-Ion 2016

7GWh* $500M* Nanjing, China Li-Ion 2016

15GWh* $810M* Anhui, China Li-Ion 2016*Benchmark Estimates, not disclosed by company

Source: Benchmark Minerals Intelligence

smoores@benchmarkminerals.com

THE GROWING GRAPHITE MARKET

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❏ Built for micronizing agricultural industrial minerals.

❏ Recommissioning will repurpose for graphite.

❏ Natural gas, power, road & rail are all available on site.

❏ Plant startup targeted for 4Q15.

● Excellent condition of the facility minimizes costs and timelines.

● Micronization equipment made by CMS in Brampton, Ontario.

● Low cost. Short timeline. Cash flow positive by year end 2015.

The Matheson Facility is located 1 hour east of Timmins, Ontario.

THE MATHESON MICRONIZATION FACILITY

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❏ Three independent complete production circuits.

❏ Business plan calls for production of 10K tonnes/yr.

❏ Refurbishment est. = ~$800K.

Pilot plant testing has been conducted and the milling and classifying units parameters - including feed rate (tons per hour), rotor/hammer settings, and the ability to meet customer quality size parameters - has been conducted and internally qualified.

SIMPLIFIED MATHESON FLOW DIAGRAM

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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 spheroidized graphite.

Key DifferentiatorOur near-term focus is on processing graphite, a superior business model given current market conditions.

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Product Market

Micronized Flake Graphite● MFG-45, MFG-25, MFG-

15, MFG-10● Purity Range – 94C to

97C

Drilling Fluids Carbon BrushLubricantsPowder Metallurgy

High Purity Micronized Flake Graphite

● HMG-45, HMG-25, HMG-15, HMG-10

● Purity Range – 99.5C to 99.9C

CompositesLubricantsFrictionDispersionsPencilAlkaline & Rechargeable BatteryLi-ion for EVs, energy storage

SALES AND MARKETING PLAN

Qualification Time Required

Pro

du

ct V

alu

e &

Co

st

MFG

HMFG

HMFG (Spheronized)

Great Lakes Graphite is executing a phased go-to-market strategy that maps to the value tiers within the range of product offerings.

Qual-1 Qual-2 Purchase

Qual-1 Qual-2 Purchase

Qual-2Qual-1 Purchase

Phase I: MFG

Phase II: HMFG

Phase III: HMFG (Speronized)

Sampling is typically done at bench scale and again at pilot scale before purchase orders are placed.

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❏ Three years of planning, permitting & construction!

❏ CAPEX of over $10,000,000

Leveraging an existing facility saves:

THE MATHESON EDGE

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What We DoAdvance Marketing

Customer Sampling

Lean Manufacturing

Targeted Vertical Integration

Strategic Partnerships

Why It MattersFlexibility/Repeatability

High Margin

High Purity = High Value

Minimal Capex/Opex

Fast Path to Cash Flow

THE GREAT LAKES ADVANTAGE

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❏ Large flake property, near surface deposit with excellent particle size distribution.

❏ 100% owned, 45 claims/2,649 hectares

❏ 2 past producing mines

❏ 3 known high grade graphite occurrences

❏ Easily accessible, excellent infrastructure

Drill Highlights111.00 metres of 3.22% graphite 27.77 metres of 8.33% graphite 23.03 metres of 3.95% graphite

Lochaber is 30 Km east of Ottawa.

LOCHABER GRAPHITE PROPERTY

Resource Category QuantityGrade

Graphitic Carbon

Contained

Graphitic Carbon

(‘000 t) (%) (000’t) (Millions lbs)

Inferred** 4,090 4.01 160 362

Resource Estimate

Lochaber hosts flat-lying near surface mineralization

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Resource Estimate to Production – 3 Years

Competitive Advantages- Customer Sampling occurs parallel to development- Fast timeline to production

Description Y0 Y1 Y2 Y3

NI 43-101 Resource estimate

Composite testing/metallurgy

Customer Sampling programs

Feasibility Study

Mine Planning/Permitting

Offtake agreements

Finance

Construction/Commissioning

Production

© 2015 Great Lakes Graphite Inc. - All Rights Reserved.

ACCELERATED PROJECT EXAMPLE

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LEADERSHIP

• Visionary• Entrepreneur• IndMin marketing

Management Team

Paul GormanCEO, Director

Mike CosciaSr VP of Sales

Jerry JanikCOO

• Trusted advisor to global miners

• Lean Mining expert• Business Process

Management

`

Independent Directors

Laura Mottola Independent Director

Greg MurphyIndependent Director

• IndMin sales professional• SGL Carbon, Cabot• Took HC Starck sales

from 40MM to 600MM

• Plant operations expert• Micronization/IndMin• Mine site development

expertise

• Capital Markets professional

• Corporate Finance expert

`

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AGAT LaboratoriesMineral Beneficiation Testing and Analysis

ActLabs - Ancaster ON SEM Photography & Mineral Beneficiation Testing

Classifier Milling Systems - Brampton ON Technology

DNI Metals - Toronto ON | Minas Gerais, Brazil Graphite feedstock

Process Research ORTECH - Mississauga ON Flowsheet Development and Purification technology partner

Willson InternationalLogistics Partner

STRATEGIC PARTNERS

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Outstanding 97,304,075Warrants & Options 43,708,891

Fully Diluted 140,887,966

Share Price $0.10Market Capitalization $9,530,407

Market Cap – Fully Diluted $13,901,296

SHARE STRUCTURE

Stock Exchanges: TSX Venture GLK.V OTC Pink GLKIFFrankfurt 8GL

Share structure numbers as of 7/7/15

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CONTACT INFORMATION

Forward Looking StatementThis 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.

Toll-Free: 800-754-4510

Paul Gorman x109 Jerry Janik x107Paul Ferguson x106 Mike Coscia x105

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Appendices

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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

GRAPHITE MINE TO MARKETS OVERVIEW

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23© 2015 Great Lakes Graphite Inc. - All Rights Reserved.

RECENT MARKET COMMENTARY

“I want to know whether a particular company has a clear vision of the target market for its product and supply. The impurities in a particular graphite deposit will limit the end users.“

Paul Renken

“Should Brookfield aggressively target the new energy and strategic markets that GrafTech’s Engineered Solutions division serves, then the serious growth could be yet to come.”

Simon Moores

“With a few exceptions, every other company in the space, no matter how great its deposit is or how experienced its management team is, needs to raise a tremendous amount of capital compared with its current market valuation–at least 3-times as much. This differentiating factor has put Great Lakes Graphite in a unique position in the space.”

Ben Kramer-Miller

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Low Capex ($30-35MM)Modular

Lean MiningSmall Footprint

High quality natural graphite Favorable jurisdiction

Infrastructure

EngineeringMarketingFinance

TeamPlantProperty

CRITICAL SUCCESS FACTORS

Note: Projections are based upon the business plan and are subject to revision as NI 43-101 compliant estimates become available.

OUR DEVELOPMENT APPROACH

Targeted Annual Production: 10-12,000 tonnes

Value Proposition • Canadian supplier of high

demand products• Superior customer service• Competitively priced high

purity flake

Target Markets • Traditional - refractories,

brake linings, batteries, lubricants

• Emerging - Lithium Ion batteries, graphene applications, expandable graphite

Core Competencies • Graphite Mining, Concentrating, Upgrading• Business Development - marketing / product sales • Research & Development - internal capability; external

strategic partnering • Tools and Technology - Lean Mining, process optimization

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Graphite Class Mesh % Purity

Super Jumbo / XXL +30 mesh 1.44% 96.50%

Jumbo / XL - 30 to +50 mesh 44.00% 96.40%

Large - 50 to +70 mesh 12.20% 94.55%

Medium -70 to +100 mesh 13.60%

Fine -100 to +140 mesh 7.70%

Powder -140 mesh 21.10%

Total Medium to Super Jumbo 71.24%

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The Particle-Size Distribution Analysis was done by Process Research ORTECH Inc. (“PRO”) of Mississauga, ON on composite material taken from a bulk sample acquired in August (see news release dated August 27, 2014). The material for this initial sample was visually selected from waste piles at the historical Plumbago Mine site, located on the Lochaber property, with the objective of retrieving high-grade material to be used for the initial beneficiation testing; this material is not intended to be broadly representative of the mineralization that is the target of the ongoing exploration work on the property. The test produced six final concentrates that showed a consistent flake size distribution and a flake size distribution of 57.6% greater than 70 mesh; this is the industry-standard premium product.

“My ideal project is a graphite mine that would produce at a 94-96% purity level. It would have as much medium and large flake as possible.”

Stephen Riddle Asbury Carbons CEOFrom “The Mining Report”

PARTICLE SIZE AND PURITY