No Share Exchange Agreement

Fortune Graphite Inc. - No Share Exchange Agreement with Fortune Graphite Singapore

                         Fortune Graphite Inc. - FORT                          

                          "Fortune" or "the Company"                           

          No Share Exchange Agreement with Fortune Graphite Singapore          

                              12th December, 2014                              

FOR IMMEDIATE RELEASE

TORONTO, ONTARIO - (December 12, 2014) Fortune Graphite Inc. (GXG Markets:
FORT) (the "Company") As per the continued due diligence conducted by the
directors of Fortune Graphite Inc. (FORT), it has been determined that the
shareholders of Fortune would be adversely affected by the implementation of
the proposed share exchange agreement with Fortune Graphite Singapore;
referenced in the Company's press release dated September 17th 2014.

Upon the implementation of the share exchange agreement, the shareholders of
Fortune would be required to pay a very large capital gains tax on every share
exchanged. It has been concluded that the implementation of the proposed share
exchange agreement would not in the best interest of Fortune's shareholders.
Therefore, Fortune will not participate in the share exchange agreement with
Fortune Graphite Singapore.

The Directors of the Company accept responsibility for this announcement

Further Enquiries:

Fortune Graphite Inc.
Dr. Klaus Wagner-Bartak, President
416 367-8240
[e-mail]

About Fortune Graphite Inc.

Fortune Graphite Inc. is a Canadian company in British Columbia that identifies
valuable mining properties bearing Graphite Carbon, Gold, Silver & other
precious metals. The company has acquired a group of mineral claims in the
Slocan Mining Division; a known graphite mineral-bearing region of British
Columbia, Canada. The property is in an advanced stage of exploration. For
additional information on the company and its properties, please visit
www.fortunegraphite.com

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain statements above constitute forward-looking statements with respect to
Fortune Graphite Inc. and affiliated companies. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that may cause
the actual results, performance or achievements of the companies to be
materially different from any further results, performance or achievements
expressed or implied by such forward-looking statements.