Canada Carbon Inc. (TSXV:CCB) signed a letter of intent to acquire certain mining claims related to Miller, Walker and Dun Raven graphite mines for CAD 0.44 million on December 19, 2012. As consideration for claims related to Miller miles, Canada Carbon will pay CAD 0.05 million and issue 1 million shares. A further tranche of 1 million shares will be issued under a performance schedule that Canada Carbon and seller will work through and will complete on or before closing of the transaction. Canada Carbon will additionally pay a 2% net smelter royalty, to be defined in the definitive agreement. As consideration for Walker Claims and related assets, Canada Carbon will pay CAD 0.05 million and issue 1.5 million shares. A further tranche of 1 million shares shall be issued under a performance schedule that Canada Carbon and seller shall work through and will complete on or before closing. Canada Carbon will additionally pay a 2% net smelter royalty, to be defined in the definitive agreement. As consideration for Dun Raven Claims and related assets, Canada Carbon shall pay CAD 0.01 million and will issue 0.25 million shares. A further tranche of 0.25 million shares will be issued under a performance schedule that Canada Carbon and seller will work through and will complete on or before closing. Canada Carbon will additionally pay a 2% net smelter royalty, to be defined in the definitive agreement.

Canada Carbon Inc. (TSXV:CCB) signed an agreement to acquire certain mining claims related to Miller, Walker and Dun Raven graphite mines for CAD 0.44 million on January 7, 2013. As consideration for claims related to Miller miles, Canada Carbon will pay CAD 0.005 million as initial payment and CAD 0.45 million on April 1, 2013, and issue 1 million shares. A further tranche of 1 million shares will be issued under a performance schedule that Canada Carbon and seller will work through and will complete on or before closing of the transaction. Canada Carbon will additionally pay a 2% net smelter royalty, to be defined in the definitive agreement. As consideration for Walker Claims and related assets, Canada Carbon will pay CAD 0.005 million as initial payment and CAD 0.45 million on April 1, 2013, and issue 1.5 million shares. A further tranche of 1 million shares shall be issued under a performance schedule that Canada Carbon and seller shall work through and will complete on or before closing. Canada Carbon will additionally pay a 2% net smelter royalty, to be defined in the definitive agreement. As consideration for Dun Raven Claims and related assets, Canada Carbon shall pay CAD 0.001 million as initial payment, CAD 0.009 million on April 1, 2013 and will issue 0.25 million shares. A further tranche of 0.25 million shares will be issued under a performance schedule that Canada Carbon and seller will work through and will complete on or before closing. Canada Carbon will additionally pay a 2% net smelter royalty.

The transaction is subject to execution of definitive agreement, Canada Carbon's Board approval and the approval of the TSX venture exchange.

Canada Carbon Inc. (TSXV:CCB) completed the acquisition of certain mining claims related to Miller, Walker and Dun Raven graphite mines on January 14, 2013.