Fortune Graphite Issues Shares for Payment of A...

Fortune Graphite Inc. Issues 29M Shares for the Payment of Assets

TORONTO, ONTARIO--(October 18, 2013) - As per the agreements between Fortune
Graphite Inc. (GXG Markets: FORT) and its debtors, Fortune has outstanding
liabilities totaling $2.9 million CAD for the payment of assets.  At the
request of the debtors, these liabilities may be converted into new Common
shares at a price of $0.10 CAD per share at any time.

At this time, the debtors have requested the liabilities totaling $2.9 million
CAD be converted into new Common shares at a price of $0.10 CAD per share. This
conversion will result in the issuing of an additional 29,000,000 Common
shares.

Upon the issuance of these shares, the new issued and outstanding share total
will be 39,203,636.

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.

Safe Harbor

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.