Canada Carbon Drilling and Discovery Update at the Miller Graphite Project, Quebec

Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB) is pleased to provide an
update on the advancement of its winter exploration program on the Miller Mine
property. Shortly after drilling began in December, it was halted due to the
discovery of VN3, a graphite vein that is two metres thick on surface and
continuous along strike for five metres. Drilling was re-directed to the VN3
discovery, and real-time electromagnetics ("EM") were employed to identify new
drill targets in the area.


R. Bruce Duncan, CEO & Director of Canada Carbon Inc. stated, "We continue to be
pleasantly surprised by the prolific nature of graphite mineralization at
Miller. The VN3 discovery is a wide graphite vein at surface over a large
airborne EM anomaly, making it a high priority for re-evaluating graphite
potential in this area. We continue to investigate this area using real-time
ground geophysics to rapidly identify targets for drilling in the second phase
of our winter program."


Previously, the Company announced a minimum 1000-metre drill program of NQ-sized
diamond drill holes to test several VTEM anomalies (see news releases, December
3, November 14, 2013). Drill hole DDH13-09 confirmed that the E2 anomaly is
associated with a sulfide-rich intersection with minor disseminated graphite.
Drill hole DDH13-10 targeted the E3 anomaly and encountered a wide intersection
of minor and disseminated graphite in marble. During movement of the drill to
the E3 drill site, a graphite-rich vein (VN3) was exposed over two metres in
width and along strike for five metres before pinching out. The VN3 discovery
was subjected to drilling with six shallow drill holes targeting the vein at
depth and along its projected extension on strike and at depth. The winter
campaign encountered bad weather, which slowed down the overall drilling
production. A total of 547 metres in nine holes was completed in this phase of
the program. Maps showing the DDH location can be found at:


DDH Location Link: www.canadacarbon.com/miller-graphite-project

Highlights of the drilling results are presented below.



Drillhole    Azimuth,   Inclination,  From, m  To, m  Interval, m(i)     %Cg
              degrees        degrees                                     
                                                                            
----------------------------------------------------------------------------
DDH13-15          275             50     6.00   7.80            1.80   48.60
                           including     6.00   6.50            0.50   63.20
                                                                            
DDH13-14          275             45     4.00   7.50            3.50    6.80
                           including     4.00   4.30            0.30   50.50
                                                                            
----------------------------------------------------------------------------
DDH13-11          240             55    10.00  12.30            2.30    8.10
                           including    10.00  10.90            0.90   11.00
                                                                            
DDH13-12          245             45    11.50  22.00           10.50    2.00
                           including    16.50  21.00            4.50    3.50
                                                                            
DDH13-17          280             45     2.00  15.00           13.00    1.00
                           including     4.80   9.10            4.30    1.60
                                                                            
NOTES: Only core samples with visible graphite content were assayed. (i)Data
 are insufficient at this time to estimate true thicknesses.                



The most significant results are from the new vein discovery VN3 where drilling
in core hole DDH13-15 encountered 48.60% C graphite (Cg) over 1.8 metres,
including 63.20% Cg over 0.5 metres. This intersection of graphite occurs 4.6
metres (vertically) beneath the VN3 showing. DDH13-14 intersected a graphite
vein grading 50.50% over 0.30 metres in 3.50 interval metre interval grading
6.80% Cg between the surface and the DDH13-15 graphite mineralization. The VN3
showing remains open at depth.


The other hole of interest is hole DDH13-11, which targeted a
wollastonite-graphite pod located 22.5 metres southeast of the VN2 showing in
the trench area. The hole was successful in extending the mineralization hosting
the pod to a depth of 8.19 metres (vertically) beneath the surface showing.
Grades similar to other graphite pods (see news release dated November 25,
2013), specifically 8.10% Cg over 2.3 metres including 11.00% Cg over 0.90
metres. The pod southeast of the VN2 showing is suspected to be within the same
mineralized corridor that extends to at least 39.3 metres (vertically) beneath
the VN2 showing. The mineralized corridor also remains open at depth.


Many lower grade intersections were also sampled during drilling. Some of the
lower grade mineralization includes graphitic marble grading 2.00% over 10.50
metres including 4.50 metres at 3.50% Cg and 1.00% over 13.00 metres including
4.30 metres at 1.6% Cg. Isolated values range between traces amount of graphite
and 4.00% Cg. No significant gold or base metal assays were obtained. The
Company will use the geochemistry information to determine alterations patterns
and to better interpret the encountered rock units.


The new vein (VN3) discovery triggered the Company to halt the drill campaign
and perform a ground electromagnetic survey over the large VTEM anomaly
surrounding target E3 to find the best targets before drilling resumes. Dube &
Desaulniers Geoscience Ltd. (Ottawa) was engaged to perform a ground
electromagnetic survey using the PhiSpy system. This portable time-domain EM
system enables the detection of conductive rocks at optimum depths of 10 to 20
metres, with the results seen in real time on a display screen. This allows for
the strongest anomalies to be immediately identified for further testing.


The PhiSpy survey was performed over a 0.11 square kilometre area centered on
VN3 with line spacing between 10-20 metres for a total of 12.7 line kilometres.
The survey identified 14 anomalies ranging between 5 and 54 metres in maximum
dimension. The widest anomaly was discovered in the vicinity of the E3 target
identified previously by Geotech, and the Company is currently working with
Geotech to re-interpret their results to include the PhiSpy data. Additional
data from the core and surface showings will also be incorporated to identify
drill targets in this area.


Winter field work including trenching, beep-mat and TDEM surveys, and
prospecting is currently underway on the new PhiSpy anomalies in the VN3 area.
Drilling will resume once reinterpretation of all results are complete. Existing
targets include the new VN3 showing, the trench area where the VN2 surface
mineralization is established to a depth of 39.3 metres, and the E1 anomaly,
located 800 metres north of the Miller mine pit. Geophysical maps indicate that
E1 lies between two magnetic anomalies that may correspond to a lithologic
contact of two geological units having a similar geological context to that of
the known Miller mineralization (see news release, November 14, 2013).


In related news, the bulk sampling permit request previously filed for Miller
(see news release, October 28, 2013) has been modified to include material from
the VN3 showing. Receipt of the permit request has been acknowledged by the
Ministry of Natural Resources. The Company has also engaged Inlandsis
Consultants to produce a NI 43-101 compliant Technical Report for the Miller
Mine Property that is expected to be completed in the following weeks.


Half splits of the drill core were delivered to Actlabs (Ancaster, ON) for gold,
base metal and graphite assays. The results are reported using protocol 4F-C
graphitic in which the samples underwent drying, crushing with up to 90% passing
through a #10 square-mesh screen, riffle splitting (250 gram) and pulverizing to
95% passing a 105 micron square-mesh screen. Graphitic carbon (Cg) was
determined by multistage furnace treatment and infrared absorption, with a 0.05%
detection limit. Quality control and assurance performed by Actlabs on in-house
standards and blanks produced acceptable results.


Remi Charbonneau, Ph.D., P. Geo #290 (an Associate of Inlandsis Consultants
s.e.n.c.) is an Independent Qualified Person under National Instrument 43-101,
and has reviewed and approved the technical information provided in this news
release.


On Behalf of the Board of Directors

CANADA CARBON INC.

R. Bruce Duncan, CEO and Director

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release."


FORWARD LOOKING STATEMENTS: This news release contains forward-looking
statements, which relate to future events or future performance and reflect
management's current expectations and assumptions. Such forward-looking
statements reflect management's current beliefs and are based on assumptions
made by and information currently available to the Company. Investors are
cautioned that these forward looking statements are neither promises nor
guarantees, and are subject to risks and uncertainties that may cause future
results to differ materially from those expected. These forward-looking
statements are made as of the date hereof and, except as required under
applicable securities legislation, the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. All of the
forward-looking statements made in this press release are qualified by these
cautionary statements and by those made in our filings with SEDAR in Canada
(available at www.sedar.com).



FOR FURTHER INFORMATION PLEASE CONTACT: 
Canada Carbon Inc.
(604) 638-0971
(604) 638-0973 (FAX)
info@canadacarbon.com
www.canadacarbon.com
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