An anonymous director reports

PRIVATE PLACEMENT

First Canadian Graphite Inc. intends to raise up to $400,000 through the issuance of five million units at eight cents per unit. Each unit will consist of one common share and one warrant exercisable at 10 cents for three years. The proceeds of the private placement will be used for working capital. A finder's fee may be payable in accordance with the policies of the TSX Venture Exchange.

The closing of the financing is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange.

We seek Safe Harbor.