Lara Exploration Ltd. reported results of its exploration work at the Canindé Graphite Project in Ceará State, Brazil, conducted on behalf of partner Focus Graphite Inc. The program of shallow trenching into bedrock totalled 538 metres testing 11 target areas. Trench depths depended on the thickness of the soil cover and varied between 0.35 metres and 2 metres depth. The program indicated the presence of significant zones of graphite mineralization that warrant further systematic trenching and drilling, notably the Pedra Preta, Sao Luis, Mariana East and Salgueiro targets.

Sampling at all of the targets, except for Salgueiro, was by continuous channel samples of nominal 2 metre lengths, however sample lengths varied in places from 0.5 m to as much as 3 m to account for the local geology and structure. It was not necessary to cut any of the channels with a rock saw, as the rock was readily broken using a cutter mattock and the broken rock was collected from the channel using a gardening trowel. The sampling at Salgueiro was a single sample of continuous rock chips across the face of each of the veins.

Under the terms of the agreement with Lara, Focus can earn an initial 51% interest in the project by spending $2.5 million on exploration (including a minimum of 2,000 metres of drilling) and issuing 500,000 common shares to Lara by December 14, 2015.