august 2015 corporate presentation

TSX.V: LLG OTCQX: MGPHF

Lac Guéret Graphite ProjectDeveloping a world-class flake

graphite deposit in Quebec

Corporate Presentation - August 2015



Forward Looking Information: This Presentation may contain “forward-looking information” which may include, but is not limited to, statements with respect to: anticipated

timing of the receipt of governmental approvals and/or acceptances; targets, estimates and assumptions in respect of production and prices; estimates regarding amount and

type of future capital expenditures and capital resources; mineral reserves and mineral resources; anticipated grades; expected recovery rates; future financial or operating

performance; costs and timing of the development of new deposits; costs, timing and location of future drilling; production decisions; costs and timing of construction;

estimates regarding operating expenditures; costs and timing of future exploration; and environmental and reclamation expenses. Generally, forward-looking statements can

be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations

(including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be

achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of

the Company and/or its subsidiaries and/or its affiliated companies to be materially different from those anticipated in such statements. Although the Company has attempted

to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other

factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of

this presentation of which the information is derived from and the Company has disclaimed any obligation to update any forward-looking statements, whether as a result of

new information, future events or results or otherwise, except in accordance with applicable securities law. There can be no assurance that forward-looking statements will

prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue

reliance on forward-looking statements due to the inherent uncertainty therein.

Unless indicated otherwise, all dollar figures are in Canadian dollars.

Cautionary Notes related to the PEA: A preliminary economic assessment (PEA) is preliminary in nature and includes Inferred Mineral Resources, which are considered too

geologically speculative to have mining and economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that

the reserves development, production, and economic forecasts on which the PEA is based will be realized. Full technical details and notes for the PEA can be found in the

technical report entitled “NI 43-101 Technical Report on the Preliminary Economic Assessment, Lac Guéret Graphite Project, Quebec, Canada” dated June 6, 2013 and

effective April 22, 2013, which is available under Mason Graphite’s profile on SEDAR at www.sedar.com and on Mason Graphite’s website at www.masongraphite.com.

Cautionary Statement regarding Mason Graphite’s estimated timeline for production: Mason Graphite has not made a production decision. A decision to proceed with

production will be based the results of a feasibility study demonstrating economic and technical viability. The production timeline in this presentation assumes that Mason

Graphite will complete a feasibility study and that the results of such feasibility study will be positive. The timing and results of such study are not guaranteed and no inference

should be made in this regard. There is no certainty that the events outlined in the timeline will be realized.

Cautionary Statements Regarding Mineral Resource Estimate: Mineral resources, which are not mineral reserves, do not have demonstrated economic viability.

Environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues may materially affect the estimate of Mineral Resources. In addition, there

can be no assurance that Mineral Resources in a lower category may be converted to a higher category, or that Mineral Resources may be converted to Mineral Reserves.

Quality Control and Assurance: The scientific and technical content of this presentation was reviewed and approved by Mason Graphite’s Executive Vice President of

Process Development, Jean L’Heureux, P.Eng., who is a Qualified Person within the meaning of National Instrument 43-101. M

Legal Disclaimers

2

http://www.sedar.com/

http://www.masongraphite.com/

TSX.V: LLG OTCQX: MGPHF 3

Solid Fundamentals for Success

* Please refer to the press release dated February 22, 2013 for details on metallurgical test results.

** Please refer to the PEA technical report entitled “NI 43-101 Technical Report on the Preliminary Economic Assessment, Lac Guéret Graphite Project,

Quebec, Canada” dated June 6, 2013 and effective April 22, 2013 for more details. Also see cautionary statements related to the PEA on slide 2.

Long mine life at high grade Annual production of 50,000 tonnes for 22 yrs 27.4% Cgr

Low capital intensity project; excellent economics Direct capital cost requirement of $89.9 million

Production costs of $390/tonne of concentrate

Internal Rate of Return of 33.7%

Excellent recovery of high quality graphite Only flake graphite (29% large flake graphite: +50, +80 mesh)

Graphite recovery in excess of 96%

Purity of 99.9% Cg achieved in preliminary purification trials

Located in excellent mining jurisdiction of Quebec, Canada

High Quality Project

Graphite is an essential and highly desirable

product with increasing consumption and demandNecessary Product

Experienced TeamExperienced management with a proven track record

Over five decades in graphite production, sales and R&D


The Value of High Grade Graphite

Company Market Cap (June 1, 2015)

Grade (Cg) Cut-off Grade Recovery

Northern Graphite Corp. (TSX: NGC) ~$35.4M 1.81% 0.98% 97%

Focus Graphite Inc. (TSX: FMS) ~$33.0M 15.76% 5% 92.5%

Energizer Resources (TSX: EGZ) ~$35.5M 6.36% 2% 96.2%

Syrah Resources (ASX:SYR) ~$707.2M 19.9% 13% 87%

Zenyatta (TSX: ZEN) ~$110.1M 3.89% 0.6% n/a

Flinders Resources Ltd. (TSX: FDR) ~$14.0M 10.50% 7% 96%

Mason Graphite (TSX: LLG.V) ~$46.4M 17.19% 5% +96%

If you can meet the customer's specifications via good metallurgy (particle

size, recovery and carbon content) , and product design then its all about grade; as a

higher grade typically results in lower costs of production.

M&I Mineral Resources include: 9.7 Mt grading 31.2% Cg

PEA Results: First 22 yrs of production at 27.4% Cg

Strip Ratio of 0.76:1

*See press release dated December 5, 2013 for details relating to the latest mineral resource estimate.

** Please refer to the PEA technical report entitled “NI 43-101 Technical Report on the Preliminary Economic Assessment, Lac Guéret Graphite Project,

Quebec, Canada” dated June 6, 2013 and effective April 22, 2013 for more details. Also see cautionary statements related to the PEA on slide 2.


Graphite, along with diamonds and Coal, are crystalline forms of Carbon

Graphite 101

Graphene - Individual layers -

Graphite - Combined layers

Graphite is an essential but often unrecognized material for modern life

It has broad range of industrial applications due to its unique properties:

Properties of both metals and non-metals (ideal for industrial applications)

Highest natural strength and stiffness of any material

Lightest weight of all reinforcement materials

Very high melting (sublimation) point; low thermal expansion/shrinkage

High electrical and thermal conductivity

Low frictional resistance (excellent lubricant) and hydrophobic behaviour

Non-toxic, chemically inert and high resistance to corrosion

Properties vary

depending on the

purity and size of the

graphite crystals;

this directly affects

the price of the

resource

5

Details of Mason Graphite’s

Partnership with NanoXplore

can be found in Appendix.


Flake

Graphite:

Graphite – Over 180 End Products

Flake Amorphous Vein/Lump Synthetic

Metallurgy (40%)

Refractories ■ ■ ■

Crucibles ■ ■ ■

Carbon Raisers ■ ■ ■

Moulds & Castings ■ ■

Molten Metal Protection ■ ■

High Temperature Lubricants ■ ■

Powder Metallurgy & Alloys ■ ■

Electrical Applications (25%)

Alkaline & Lithium Batteries ■ ■

Li-ion Batteries ■ ■

Fuel Cells ■ ■

Carbon Brushes ■ ■ ■

Technical Applications (25%)

Expanded Graphite & Foils ■

Thermal Management ■

Flame Retardants ■

Brake Linings & Clutch Facings ■ ■ ■ ■

Insulation ■ ■

Nuclear Reactors ■

Plastics, Resins & Rubbers ■ ■

Catalysts ■ ■

Cloth & Fibers ■ ■

Others

Pencils ■ ■ ■ ■

Lubricants ■ ■ ■ ■

Oil Drilling Additives ■ ■

Paints ■

6

Widest range of end uses

Increasing demand for

high purity flake graphite

No substitute:Synthetic graphite has high

purity but is 4x the cost

Synthetic graphite (USD $7,000-20,000/t)

Natural flake (USD $2,000-3,000/t)

Flake graphite used in

batteries - not amorphous,

not vein


3 Forms of Graphite

FlakeHighest Price, Lowest Supply

High Purity: 85%-99%+ carbon

AmorphousLeast graphitic of the three

Lower Purity: 60%-90% carbon

Vein/LumpUncommon & highly localized;

<1% of world production;

Marginal applications

45% 55%

Global

Production

Graphite is not a homogenous commodity; it occurs naturally in 3 forms:

Flake size and purity directly affects the price

Natural medium/large flake graphite forecasted

between USD$1,750 and USD$2,500/t

7


China represents +70% of world production

China has experienced a significant increase in domestic demand

Export tariffs and new safety and environmental regulations have resulted in a

reduction of export supply and an increase in prices.

China is experiencing a reduction of large and medium flake production

Issues of quality consistency for high-end applications such as batteries

Flake Graphite – Investment Opportunity

Global consumption of natural graphite has doubled from 2000 to 2010

Urbanization of China and India is driving the demand of graphite

For graphite used in the battery application alone,

demand is expected to increase from 125,000 tons in 2010

to 320,000-640,000 tons in 2020; a growth rate of 10-18%*

European Union declared graphite as one of 14 critical raw materials

8*Cormark Report on Electric Graphite, July 2011

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2000 2010

Graphite Global Consumption

To

nnes

Restricted and Unstable Supply in China = Opportunity

Flake graphite production outside of China:

Brazil Canada India Madagascar Norway Zimbabwe GermanyTimcal/Imerys


How is graphite sold?

Graphite is not an openly traded mineral

Prices are negotiated between end-users and

producers for annual or multi-year contracts

Prices for graphite vary based on parameters

such as purity, size, impurities and shape

Continuous contact with customers is fundamental

There is a market for ALL of mined

graphite material (from large to fine flakes)

Market Study is underway to identify

all end-users in all market segments

Graphite MineInventory of different sizes for different uses and end users

End-UsersTypical one-year supply contracts establishing

prices, specifications, volume, timing and delivery

The finished graphite product of a mine must be adapted to the buyers

Requires the right finished product

Requires strong relationships with clients Management with over 5 decades of experience

Years of client relations; large number of potential clients


Management: Proven Track Record

Benoît Gascon, CPA, CA

President & CEO

10

Luc Veilleux, CPA, CA

Executive VP & CFO

Jean L’Heureux, Eng.

Executive VP, Process Development

20 years of executive

positions at Timcal

20 years in mining and

graphite, Timcal and Imerys

8 years in graphite

at Timcal

Previous Roles:

Senior Vice-president, Business

Development and Strategy, Sales and

Deputy General Manager (11 yrs)

President of Stratmin Graphite Inc.

from 1993 to 1999; renamed Timcal

Canada in 1999 (7 yrs)

Vice-president and CFO (4 yrs)

Previous Roles:

Senior Vice-president, Finance

COO North America

Vice-president, Finance North America

Financial Controller

Previous Roles:

Product Manager (Marketing)

Graphite Sourcing Manager

Production Manager

Plant Metallurgist & Lab Supervisor

Major Accomplishments:

Creation of a whole customer

base for Stratmin in the 1990’s

Acquisition and integration of

a private company in China

Supervision of nine sites in seven countries

Operational merger of Stratmin and Timcal


Implementation of a new production

organizational structure

Operational merger of

Stratmin and Timcal

Reorganization and improvement of

North American customer support


Optimization of the graphite flow sheet

Sales growth through technical support

to production & customers

Development of customers’

specifications management system

Development of production

planning system


Management Team

Benoît Gascon, President & CEOOver 20 yrs of experience in the Graphite & Carbon industries. He was the CEO of Stratmin Graphite which operates the Lac-des-Iles deposit; one of North

America's only producing graphite mines. He was responsible for negotiating the complete take-over of Stratmin Graphite by Imerys SA, a world leader in

Industrial Minerals, to form Timcal Graphite & Carbon. Mr. Gascon, CPA, CA, holds a bachelor’s degree in Business Administration from Haute Etudes

Commerciales (HEC, Montreal).

Luc Veilleux, Executive Vice-President & CFOLuc Veilleux, CPA, CA, holds a Bachelor’s degree in Business Administration from Hautes Études Commerciales (HEC, Montreal) and has over 20 years of

experience in the mining and manufacturing industries including eight years at Timcal in the roles of Chief Financial Officer (based in Switzerland), COO and

Vice-President of Finance (North America), and Controller for the Lac-des-Iles graphite mine.

Jean L’Heureux, Executive Vice-President, Process DevelopmentMr. L’Heureux is a professional metallurgical engineer who has been involved in the mining and processing of graphite for over 20 years with the Imerys SA in

Quebec and in Europe. Since 2000, he has been the Product Manager, Refractory and Metallurgy for Timcal. Mr. L’Heureux obtained his Bachelor of Engineering

degree at Laval University in Quebec City and is currently enrolled in a Master’s Degree in Engineering Management at Sherbrooke University. Mr. L’Heureux is a

member of the Ordre des Ingénieurs du Québec.

Simon Marcotte, Vice-President Corporate DevelopmentOver 15 years of capital market experience. He was a partner of Cormark Securities for 4 years (institutional equity sales) and was also a member of their

Board. Previously, Mr. Marcotte was a Director for CIBC World Markets in Montreal for 8 years and also acted as an officer for Alderon Iron Ore and Belo Sun

Mining. He is currently a board member of Copper One and Arena Minerals. Mr. Marcotte holds a B.A.A. from Sherbrooke University and is a Chartered

Financial Analyst (CFA).

Jacqueline Leroux, Director of Sustainable Development Mrs. Leroux specializes in sustainable development, environmental studies and social relations. She formerly helped develop the projects of two major mining

companies in Quebec (Project BlackRock and Project Éléonore) where she successfully advanced the permitting processes.

Yves Caron, Director of Geology and ExplorationMr. Caron brings over 20 years of geological experience and an extensive knowledge in mining exploration and the minerals industry. Most recently, Mr. Caron

was Exploration Vice-President for Nemaska Lithium Inc. where he participated to their Whabouchi project development. He also had previously worked as

senior project manager at North American Palladium Ltd. Member of the association of professional geologists of Quebec (OGQ), Mr. Caron holds a Master’s

in Earth Sciences from INRS and a bachelor’s degree in economic geology from UQAM.

11


Lac Guéret Graphite Project - Location

12

Baie-Comeau


Lac Guéret - Location & Access

13

288 km from Baie-Comeau

service centre, + 660 km to Montreal

All-weather access from

Hwy 389 and main logging

roads throughout property

Good accessibility to labour

Excellent mining jurisdiction

Extensive logging road system throughout the

Lac Guéret property and to Baie Comeau


Only zone

drilled to date

Mason Graphite Claims Map

14

Mason Graphite’s

properties consist of 215

claims covering 11,630 ha

(116 km2) in northeastern

Québec


Lac Guéret Site

15


Lac Guéret Site

16


Two main graphite zones have

been identified to date

Two Major Graphite Zones

km 17

GC Graphite Zone

1.2 km strike, up to 240 m wide

+600% M&I mineral resource growth

from 2012 to 2014; with further

opportunities to expand

GR Graphite Zone

1 km strike, up to 110 m wide

2,321 m of drilling completed in 2012

Further drilling planned and expected

to contribute to mineral resource

GC Zone

GR Zone


GC Zone Mineral Resource (Dec 2014)

Categories Unit Tonnes Grade ( Cgr)

Measured (M)U1/U2 (5 to 25 % Cg)U3 (> 25 % Cg)

15,730,0003,375,000

15.16%30.58%

All units 19,105,000 17.88%

Indicated (I)U1/U2 (5 to 25 % Cg)U3 (> 25 % Cg)

40,257,0006,332,000

14.59%31.58%

All units 46,589,000 16.90%

M & I

U1/U2 (5 to 25 % Cg)U3 (> 25 % Cg)

55,987,0009,707,000

14.75%31.23%

All units 65,694,000 17.19%

Inferred

U1/U2 (5 to 25 % Cg)U3 (> 25 % Cg)

15,201,0002,450,000

14.90%31.75%

All units 17,651,000 17.24%

See cautionary statements related to mineral resource estimate on slide 2.

See press release dated Dec. 5, 2013 for details related to the mineral resource estimate. 18

Mineral Resource

July 2012

7,595,900 tonnes

Mineral Resource

Dec 2013

50,024,000 tonnes

Based on +/- 43,324 m metres of drilling

GC Zone Resource

Significant increase in a short period of time

Mineral Resource

Dec 2014

65,694,000 tonnes


In Situ Metal Grade Equivalence

19

Source: TD Securities research department (Craig Miller) 2012

Graphite(@ $1,750)

20.40%=

Gold(@ $1,250)

9.1 g/t

Silver(@ $14)

800 g/t

Copper(@ $2.75)

6%= =

Dec 2014 mineral resource:

Measured & Indicated: 65.7Mt grading 17.2% Cg, including 9.7Mt grading 31.2% Cg

Measured: : 19.1Mt grading 17.9% Cg, including 3.4Mt grading 30.6% Cg

*PEA indicates first 22 years of production at 27.4% Cg

* Please refer to the cautionary notes related to the preliminary economic assessment (PEA) on slide 2 of this presentation

(July 2012 Mineral Resource)

PEA: 27.4% Cg (April 2013) =


Mineral Resource Comparison

20

Million Tonnes (Measured & Indicated Mineral Resources)

Gra

de %

Cg

**The projected quantity and grade is conceptual in nature. There has been insufficient exploration to define the mineral

resource growth target and it is uncertain if further exploration will result in the target being delineated as a mineral resource.


Rapid Resource Growth

21

Latest Intercept highlights(October 8, 2014 drill results)

Inside PEA pit shell:LG-403: 76 m at 27.5 % Cg, incl. 38 m at 39.3 % Cg;LG-421: 46 m at 28.7 % Cg, incl. 27 m at 40.3 % Cg;LG-424: 86 m at 32.7 % Cg, incl. 73 m at 36.1 % Cg; andLG-471: 50 m at 23.9 % Cg near the surface (4 m), incl.21 m at 37.4 % Cg.

Outside PEA pit shell:LG-420: 42 m at 24.6 % Cg, incl. 17 m at 34.7 % Cg near surface (7 m);LG-439: 58 m at 20.2 % Cg, incl. 14 m at 36.6 % Cg;LG-455: 202 m at 21.6 % Cg, incl. 3 intersections of 17, 24 and 46 m at 30.7 % Cg to 33.3 % Cg, respectively;LG-458: 91 m at 25.3 % Cg, incl. 30 m at 40.8 % Cg; LG-463: 130 metres at 26.7 % Cg, incl. 57 m at 39.0 % Cg.

The latest mineral resource estimate is based on drill data from the GC Zone (at left), which represents only one of two mineralized zones identified on the Lac Guéret property to date.


Excellent Metallurgy

Graphite recoveries in excess of 96%

Concentrate purity of 96.3% for the +150 mesh cumulative

29% of +80 mesh cumulative, including 16% of +50 mesh

22

Flake SizeDistribution

(%)

Carbon Content

(% Cg)

+50 mesh (Large Flake) 16% 96.3%

+80 mesh (Large Flake) 13% 96.4%

+150 mesh 14% 96.2%

-150 mesh 57% 91.7%

Total / Average 100% 93.7%

Preliminary Metallurgical Testing Completed in February 2013

* Please refer to the press release dated February 22, 2013 for complete result details.


22 years of production at 27.4 % Cg

Direct capital costs of $89.9M

Production costs of $390/tonne

$364M pre-tax NPV @ 8 % ($283M @ 10 %)

33.7 % pre-tax Internal Rate of Return

Payback period of 2.5 years

Only flake graphite (29% large flake)

Conservative average sales price of $1,525/t

Low capital intensity and low operating costs

PEA Financial ResultsApril 2013

23

Cautionary Notes related to the PEA: A preliminary economic assessment (PEA) is preliminary in nature and includes Inferred Mineral Resources, which are considered too geologically speculative to have mining

and economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the reserves development, production, and economic forecasts on which the PEA

is based will be realized. Full technical details and notes for the PEA can be found in the technical report entitled “NI 43-101 Technical Report on the Preliminary Economic Assessment, Lac Guéret Graphite Project,

Quebec, Canada” dated June 6, 2013 and effective April 22, 2013, which is available under Mason Graphite’s profile on SEDAR at www.sedar.com and on Mason Graphite’s website at www.masongraphite.com.

Trade-Off Study Results: (not included in PEA)

This adjustment could

result in CAPEX

reductions of up to 8%

and OPEX

reductions of up to 20%

Project optimized

with new proposed

concentrator site

near Baie-Comeau

PEA does not include revenue for value added graphite - work is already underway: SEE PAGE 27

http://www.sedar.com/

http://www.masongraphite.com/


50 000 tonnes per year of production

27.4 % Cg in mineralization in first 22 yrs

Graphite Recovery above 96 %

Up to 96.4 % Cg of finished product purity

Stripping ratio of 0.76:1

Process resulting in +96% recoveries

PEA Operational ResultsApril 2013

24* Please refer to the cautionary notes related to the preliminary economic assessment (PEA) on slide 2.


Preliminary Purification Test ResultsSeptember 2013

25

Flake Size Graphite (Cg)

+48 mesh 99.6%

+80 mesh 99.7%

+150 mesh 99.9%

Purity of 99.9% Cg achieved in

preliminary purification trials

* Please refer to the press release dated September 24, 2013 for complete result details.


5. Drying6. Sieving

1. Mining

2. Crushing

3. Milling & Flotation

4. Dewatering

Flow SheetPEA Technical Report - April 2013

Simple process

Known and proven technologies

Pilot plant underway Testing of additional processing technologies; Characterization for the upcoming EIA; Testing to create value added products such

as spherical graphite used in lithium-ion batteries Testing with key potential customers



2013 2014 2015 2016Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Completed Metallurgical Test Work

Completed PEA

Purification Testing

NI 43-101 Mineral Resource Update

Pilot Plant and Bulk Sample Testing

Completion of Feasibility Study

Environmental Baseline Update & EIA

Construction Financing

Expected Construction

Expected Production Start

Recent & Upcoming Milestones

27Mason Graphite has not made a production decision. A decision to proceed with production will be based on the results of a feasibility study demonstrating economic and technical

viability. All reference herein with respect to production and anticipated timelines for production assume that Mason Graphite will complete a feasibility study and that the results of such

feasibility study will be positive. The timing and results of such study are not guaranteed and no inference should be made in this regard.


Corporate Structure

Corporate Structure (As at May 28, 2015)

Shares Outstanding

Options

Warrants

85,983,653

7,970,000

16,947,937*

Fully Diluted 110,901,590

Analyst Coverage

Daniel Greenspan

Rupert Merer

David Talbot

Cash Position

Fiscal Q1 (ending March 31, 2015) $10 M

Trading Symbols

TSX.V: LLG (Listed since Oct. 30, 2012)

OTCQX: MGPHF (Listed since Nov. 12, 2013)

Mason Graphite is

recognized as one of

the top ten performing

mining companies on

the TSX Venture in 2013

* Maturity after 5 years, interest of 12% per annum, payable semi-annually, and a conversion rate into common shares of $0.845 per share. Mason

Graphite can trigger the conversion and anticipate the redemption under certain conditions. The transaction also includes an aggregate of 2,075,000

warrants, each granting the purchase of a common share at a price of $0.91 for a period of 24 months following the closing of the transaction.

Capital Raised in 2014

Private Placement(January 2014; NanoXplore transaction)

$700,000

Bought Deal Private Placement(Incl. $3.0M from Ressources Québec; April 2014)

$11.5M

Sodémex; Fonds de solidarité

FTQ; Fonds regional de solidarité

FTQ Côte-Nord (June 2014*)

$4.15M

28


Strong Institutional Support

Source:* Public Information | ** Bloomberg | *** Direct Consent

ARX Capital ***

******

***

***

***

**

*

**

**

**

**

*

29

More than 25 identified institutions, including:Institutions, Management & Insiders: ±65%; Retail: ±35%

**

**


First Nations

No one residing near the planned operations

or in the vicinity of the Lac Guéret project

Successful dialogue since early 2012

Consent for drilling obtained in April 2012

Ongoing discussions and negotiations for

completion of the Impact Benefit Agreement (IBA)

Cooperation Agreement announced in July 2014

30

Pessamit is the Innu First Nation

community 60 km west of Baie Comeau

Pessamit

Lac Guéret Deposit


Performance Overview

31

Mason Graphite Stock Chart since TSX.V Listing

Mason Graphite vs. Canadian Venture Exchange Index

Trading Activity (Up to November 2014)


Appendices


Partnership with Group NanoXplore Inc.

33

Private R&D company focused on developing low cost,

large-scale production of graphene from natural flake graphite.

NanoXplore's proprietary technique is a low cost, low energy, safe and scalable electrochemical

conversion method which turns natural flake graphite into graphene.

www.nanoxplore.ca

2014: Mason Graphite acquired 40% interest in Group NanoXplore for $700 000

Remaining 60% owned by management of Group NanoXplore Inc.

2015: Following external financing of $2.725M for minority position, Mason Graphite now owns 31%

2015: Mason announces 2 agreements with NanoXplore:

License Agreement for Graphite Thinning Process

Lab-for-Hire Agreement for design of Value-Added graphite products

Mason Graphite acting as NanoXplore’s sales, marketing and distribution agent

Benoit Gascon appointed Chairman of NanoXplore’s Board

Luc Veilleux appointed as Director and CFO of NanoXplore


Sodemex Developpement:(source: Caisse de Depot Website)

Montréal, June 20, 2013 – The Caisse de dépôt et placement du Québec announced the creation of Sodémex Développement, a $250-million fund. This new

fund, to which the Caisse has been committed since November 2012, will make investments of $5 million to $20 million in Québec companies in the natural

resources sector that are in the development stage. A flexible, hybrid financing structure that can take the form of a debenture, a convertible debenture or

equity will be introduced to meet the needs of Québec companies while ensuring an acceptable level of risk.

“The current business climate in the natural resources sector can present attractive long-term investment opportunities,” said Normand Provost, Executive

Vice-President, Equity at the Caisse. “This represents a critical entry point for the Caisse in projects that are in the development stage.”

The development phase represents a critical period because these companies are often acquired by bigger players in their industry due to insufficient capital to

continue operations. This new fund will alleviate the shortage of available capital.

Selection criteria

The process implemented to grant financing is based on discipline and rigour. The selected projects must show promise and meet the following criteria:

The executive team must:

• Be solid and experienced

• Have technical and operational knowledge of the sector

• Have very sound knowledge of the market

• Have a high-quality board of directors that complements the management team

Quality of the field

• In terms of size

• In terms of content

• In terms of the types of minerals present

Global competitiveness

• In terms of production and operating costs

• In terms of being close to adequate infrastructure

Acceptability

• A credible and well-established social acceptability and sustainable development process

Solid financial partners with mandates suggesting

investments in stages


Ressources Québec:(Source: Investissement Quebec website)

Accompagne les entreprises tout au long de la réalisation

de leurs projets, de l'exploration à l'exploitation, jusqu'à la

transformation des ressources. Elle offre toute la gamme

des produits financiers tels que des participations dans le

capital-actions des entreprises, des débentures et

diverses formes de prêts.

Ressources Québec complète le financement privé en

favorisant les projets qui ont de bonnes perspectives de

rendement et qui sont structurants pour l'économie du

Québec.

Ressources Québec Ressources Québec dispose d'une

capitalisation de plus de 480 M$ destinée à réaliser des

investissements dans ces secteurs.

Ressources Québec agit aussi à titre de gestionnaire du

fonds Capital Mines Hydrocarbures, doté d'une enveloppe

de 750 M$. Ce fonds est destiné aux investissements du

gouvernement du Québec dans les ressources naturelles

non renouvelables

Solid financial partners with mandates suggesting

investments in stages


“Plan Nord” Overview

Unveiled in May 2011

25 year, $80 billion development project focused on

the mining, energy, forest and wildlife resource

sectors among others

Plan Nord affects 72% of territory,

but only 1.6% of its population

Four-fold funding strategy where private sector

partners will participate in the funding of

infrastructure development

Government revenues resulting from economic

development initiatives, along with direct and indirect

tax spinoffs from public infrastructure projects will be

reinvested in the Plan Nord.

Investissement Quebec, the investment arm of the

Government of Quebec, will take equity stakes in

mining companies (and other businesses)

Hydro-Québec will also contribute annually to

development projects in the region

PLAN NORD


Main Markets: USA - Europe - Japan

Graphite never ships by rail;

it is not a bulk commodity

Ports open markets to Europe and Japan

Most of the U.S. demand is in the North East

Approx shipping cost generally

assumed by the buyer: 75$/t


Board of Directors

38

Tayfun Eldem, ChairmanMr. Tayfun Eldem currently serves as the President and CEO of Alderon Iron Ore Corp. He has worked for the Iron Ore Company of

Canada (“IOC”), a Rio Tinto subsidiary, for more than 20 years, including three years as a Director on the joint-venture Board. Mr. Eldem

holds a Bachelor of Engineering degree from Dalhousie University along with Operations & Strategic Management Certificates from Richard

Ivey School of Business and London Business School.

Tyrone Docherty, Vice-ChairmanMr. Docherty has over 25 years of experience in the resource industry. He was previously CEO of Quinto Mining Corporation and

President, CEO and Director of Deer Horn Metals. Mr. Docherty is an active board member of a number of other public and private mining

companies.

Scott Moore, DirectorMr. Moore is a finance executive with over 20 years of experience in the resource sector. He presently serves as Chairman & CEO of Copper

One and COO of Forbes & Manhattan, Inc. and previously acted as President for Dacha Strategic Metals Inc. and VP of Corporate

Development for Sulliden Gold Corp. Ltd. He holds a Bachelor of Arts degree from the University of Toronto and an MBA from the Kellogg

School of Management.

François Laurin, DirectorMr. Laurin has held several senior management positions in Canada before joining BioAmber Inc. as Chief Financial Officer. He previously

served as CFO of Alderon Iron Ore Corp. and President and CEO of Cap-Ex Iron Ore Ltd. Prior to those positions, he served as CFO of

Consolidated Thompson Iron Mines Ltd.

Alastair Neill, DirectorMr. Neill is currently an executive VP of Dacha Strategic Minerals Inc. who holds a Master of Business Administration from York University

and a Bachelor of Engineering in Material Science from the University of Western Ontario. He is the former VP sales, Rare Earth Division and

VP Business Development for AMR.

Benoit Gascon, CEO & Director


Lac Guéret – Project History

1950’s

Exploration for iron by

Quebec Quartier Mines2002-2006

Quinto Mining Corp.

exploration activities

2012

Mason Graphite acquires

Lac Guéret from Cliffs

Natural Resources

2008

Consolidated Thompson

acquires Quinto Mining

Acquisition Terms with Cliffs Resources ($USD)

$15,000,000 total acquisition cost for 100% of the project $7,500,000 payment completed on April 5, 2012

$2,500,000 payable upon completion of a Feasibility Study*

$5,000,000 payable upon commencement of commercial production*

2,041,571 warrants @ $0.75 (expires in April 5, 2014) issued

to Quinto Mining (sub. of Cliffs Resources)

No remaining legacy interest exists, no royalties

39

* If the feasibility study is not completed by April 5, 2015, Mason Graphite is required to pay (a) $1,250,000 on April 5, 2015, and (b) $1,250,000 on the earlier of (i) the fifth business day following the day on which

a feasibility study is completed; and (ii) October 5, 2015. If commercial production is not achieved by October 5, 2016, Mason Graphite is required to pay (a) $2,500,000 on October 5, 2016; and (b) $2,500,000 on

the earlier of (i) the fifth business day following the day on which commercial production is achieved; and (ii) April 5, 2017

2011

Cliffs acquires CLM


Technical Partners

40


Head Office (Greater Montreal)

3030 Le Carrefour blvd., Suite 600

Laval, QC, H7T 2P5

T +1 (514) 289-1180 F +1 (514) 289-0958

Toronto Office

65 Queen Street West, Suite 800

Toronto, Ontario M5H 2M5

T +1 (416) 861-1685 F +1 (416) 861-8165

TSX.V: LLG

OTCQX: MGPHFwww.masongraphite.com

august 2015 corporate presentation

Investor Relations

forwardlooking statements

forwardlooking information

future events

anticipated timing

actual results

timing of future exploration

llg otcqx

company andor