Elcora Advanced Materials Retains Leading Authority in Lithium Ion Applications

HALIFAX, NS / ACCESSWIRE / March 10, 2016 / Troy Grant, President and CEO of ELCORA ADVANCED MATERIALS CORP. ERA ECORF ELM, (the "Company" or "Elcora"), announced that Elcora has retained Coulometrics, LLC ("Coulometrics") of Chattanooga, Tennessee to conduct a series of tests of both spheronized and non-spheronized graphite material obtained from multiple sources. The purpose of testing and evaluation of the graphite material is to optimize Elcora's processing of lithium-ion battery grade graphite and to qualify the Company's finished product for prospective lithium-ion battery manufacturing companies.

In addition to the product evaluation, Coulometrics will complete purification and CVD coating of Elcora's graphite material and use this finished product in the assembly of full-size 18650 lithium ion batteries. The cells will be evaluated for standard electrochemical properties and full cycle life testing. The results from this evaluation will represent an important second step towards the full qualification of Elcora's LIB-grade graphite material for prospective lithium-ion battery manufacturing companies.

Dr. Edward Buiel, President and CEO of Coulometrics, will be leading the evaluation process. Dr. Buiel has a Ph. D. in Physics has spent over 20 years developing carbon-based materials for lithium ion batteries and supercapacitors. Coulometrics is a leading provider of energy storage consulting services and advanced battery component manufacturing. They possess a unique combination of expertise in graphite processing, materials analysis, slurry development, electrode production and full lithium-ion battery cells assembly. Dr. Buiel stated, "Our fully equipped materials synthesis and battery assembly facilities provide rapid process development and third party validation of materials and technologies to optimize energy storage solutions for specific applications. This allows companies like Elcora to efficiently develop best-in-class products engineered specifically for their customer requirements. We look forward to further developing our relationship with the Elcora team."

About Elcora Advanced Materials

Founded in 2011, Elcora has been structured to become a vertically integrated carbon company that mines, processes, refines and produces end product applications for both graphene and graphite.

As part of the vertical integration strategy, Elcora has secured high-grade graphite from its interest in the operation of the Ragedara mine in Sri Lanka and the technology to convert this graphite, and other sources, to graphene and battery grade graphite. The Elcora team is composed of some of the best process, research and development people both in graphite and graphene. This combination means that Elcora has the tools and resources for graphite and graphene vertical integration from mine to final applications.

For further information, please visit the company's website at http://www.elcoraresources.com

For further information, please contact: Troy Grant, Director, President and CEO, Elcora Advanced Materials Corp., T: 902 802-8847 F: 902 446-2001, E-mail: troy@elcoraresources.com

CAUTIONARY STATEMENT:

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. No stock Exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements." All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Elcora, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Elcora's expectations are exploration risks detailed herein and from time to time in the filings made by Elcora with securities regulators. Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.

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SOURCE: Elcora Advanced Materials Corp.