CKR Carbon Updates Results of Ongoing Exploration at Aukam

CKR Carbon Corporation. (TSXV: CKR) (FSE: CB81) (“CKR” or the “Company”) a graphite development company and operator of the Aukam vein graphite project in Namibia, is pleased to announce results of ongoing exploration at Aukam. Exploration during 2017 has primarily focused on underground diamond drilling to expand the known graphite mineralization in historic workings. Additionally, reconnaissance exploration is underway to map additional graphite mineralization distant from the mine site.

After rehabilitating the lower adit, CKR launched an underground drilling program to test for continuation of graphite mineralization along strike and down dip of known graphite in the old workings. To date CKR has completed 28 diamond drill holes with a total length of 630 metres with individual holes varying in length from 3 metres to 45 metres. Of the 28 holes, 16 intersected vein and/or disseminated graphite and four were abandoned in old workings. Logging, core cutting and sampling are ongoing. Chip channel samples from three exposed graphite veins in the underground workings assayed 18.34% Cg over 0.9 metres (0.85m true width), 41.98% Cg over 0.84 metres (0.83m true width) and 56.06% Cg over 1 metre (true width unknown) from the south wall of a stope (see News Release dated July 12, 2016).

Prospecting in the area around the electromagnetic anomaly to the east of the mine workings has resulted in the identification of disseminated graphite at surface on the down dip (southern) side of the anomaly in the inferred hanging-wall. The anomaly stretches over 700 metres east-west and remains open in both directions (see News Release dated January 18th, 2017). It is coincident with the upper surface of a shear zone. Together with previously identified mineralization, surface graphite has now been found over 566 metres east-west, sub-parallel to the electromagnetic anomaly with a north-south width of up to 190 metres. Further investigation is required to delineate the extent of the graphite mineralization in this area.

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