Saint Jean Carbon Starts 2014 with $1.4 Million Revenue Generating Acquisition

Saint Jean Carbon Inc. ("Saint Jean" or the "Company") (TSX VENTURE:SJL) has
entered into a non-binding agreement with an arm's length party to acquire
Minmet Carbons Inc. ("Minmet"), a private company, a supplier of raw materials
to the steel, foundry and mining Industries since 1993. Saint Jean views this as
an initial step to becoming a long-term supplier of Industrial Minerals. The
company believes that having real revenues and profit will make Saint Jean an
attractive junior mining company for investors as it moves forward with graphite
production on its global properties. The Company intends to sign a definitive
agreement with respect to the Minmet acquisition (the "Minmet Acquisition")
shortly.


The CEO of Saint Jean Carbon, Mr. Paul Ogilvie stated: "We are extremely pleased
to have the opportunity to bring the Minmet operations and its President, Mr.
Chris Wood, together with Saint Jean Carbon. Chris brings a wealth of carbon
industry and product knowledge to the table as well as an extremely valuable
network of industry supply and customer contacts. Our business goal is to
acquire more business in 2014 and with Minmet's historical year over year
revenues of about $1.4 million and a sales forecast for of about $2 million for
2014, we would have an excellent head start on that objective. As noted, Mr
Wood's 20+ years of experience in the industrial mineral sales is very important
to us as we continue to acquire other business, and broaden our mineral
offerings".


Mr. Wood also expressed his enthusiasm for the merger of the two companies:
"This agreement represents an outstanding opportunity for both companies to
leverage their respective strengths and build out new sources of revenue and
growth. From my perspective the appeal has been the chance to combine the
obvious synergies in terms of skills, access to capital, and infrastructure. I
think the benefits of this combined horsepower will become an important factor
in further distinguishing Saint Jean in the graphite and minerals markets".


The acquisition of Minmet will provide Saint Jean Carbon with significant access
to multiple new global sources of and markets for both natural and synthetic
graphite, as well as a wide range of other industrial materials. It also
provides the Company with opportunities to generate near-term cashflow and
increased exposure to the carbon market supply chain. The Company plans on
acquiring a few other carbon businesses this year, with the goal of generating
new and profitable raw material sales both directly and through a blend of
material processing.


CEO Paul Ogilvie, further stated: "We are very hopeful, with a broadened
offering of industrial minerals, as an example; synthetic graphite or lithium,
we will be offering our client's more than just graphite as our existing
properties come into production. Being able to expand these offerings will allow
us to continue developing an increasingly strong relationship with our customers
and identify a growing list of opportunities."


Terms

The Minmet acquisition terms contemplate an issuance of 500,000 (issued at $0.05
per share) shares upon signing of the term sheet, an issuance of 2,000,000 (to
be issued at market) shares on closing (expected to be 60 days) and an
additional 1,000,000 (to be issued at market) shares on the anniversary of the
closing provided certain conditions are met. The Minmet Acquisition is subject
to the approval of the TSX Venture Exchange. All securities issued shall be
subject to a four month and one day hold period pursuant to applicable
securities laws.


About Minmet

Minmet Metallurgical Inc. is a private Ontario corporation founded in 1993 by
Chris Wood to supply raw materials to the steel industry. The Company was built
on Mr. Wood's direct steel mill and supplier experience dating back to1980. The
Company later expanded its customer base to include the supply of petcoke to the
mining industry. The name was changed to Minmet Carbons Inc. to recognize the
Company's focus on anthracite, metallurgical coke, ladle carbons and petcoke.
Minmet helps large companies source strategic raw materials. Minmet utilizes its
technical knowledge and global expertise to quickly qualify the best quality,
price competitive and freight logical sources; once established as a supplier
Minmet takes great care in making sure each shipment meets specifications and is
shipped on time.


About Saint Jean 

Saint Jean is a publicly traded junior mining exploration company with a number
of mining claims. The Walker property consists of 4 claims covering the past
mine and 11 claims covering interesting geological context for more graphite
mineralization in the region around the deposit, which is located 40 km
north-east of Ottawa. The Mount Copeland molybdenum deposit lies within
metamorphic rocks flanking the southern margin of Frenchman Cap Dome, 32
kilometers northwest of Revelstoke, British Columbia (the "Mount Copeland
Property"). The Fort-Eden copper property is comprised of 18 mineral tenures
that total 2,828.6 hectares in area. The mineral claims are located 100 km west
of Fort St. James, BC (the "Fort Eden Property"). The Red Bird deposit is
comprised of three zones of molybdenum concentration referred to as the Main,
Southeast and Southwest zones within a property totaling 1,836 ha (4,400 acres)
and is located 133 km southwest of Burns Lake and 105 km north of Bella Coola
(the "Red Bird Property"). The Company plans to divest (the "Divestitures") each
of the Mount Copeland Property, the Fort Eden Property and the Red Bird Property
through a sale or joint venture, thus allowing it to focus on building a
graphite mining company. Additionally, Saint Jean expects to acquire the new
lump graphite properties in Quebec (the "Clot, Wallingford and St. Jovite
Acquisitions"), and the previously announced new lump graphite properties in Sri
Lanka from Han Tal Graphite (Pvt) Ltd. (the "Han Acquisition" and together with
the Minmet Acquisition and the Clot, Wallingford and St. Jovite and
Acquisitions, the "Acquisitions") in furtherance of its new focus.


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, within the meaning of applicable securities legislation, concerning
Saint Jean's business and affairs. In certain cases, forward-looking statements
can be identified by the use of words such as "plans", "expects" or "does not
expect", "intends" "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". Such forward-looking statements include those with
respect the Company's ability to complete Acquisitions and Divestitures and
become a graphite producing company.


These forward-looking statements are based on current expectations, and are
naturally subject to uncertainty and changes in circumstances that may cause
actual results to differ materially. The forward-looking statements in this news
release assume, inter alia, that the conditions for completion of the
Acquisitions and the Divestitures, including regulatory and shareholder
approvals, if necessary, will be met.


Although Saint Jean believes that the expectations represented in such
forward-looking statements are reasonable, there can be no assurance that these
expectations will prove to be correct. There are risks which could affect Saint
Jean's ability to complete the Acquisitions and Divestitures, and the future
results of the Company which could cause actual results to differ materially
from those expressed in these forward-looking statements including negotiation
failure or delay, the impact of general global economic conditions and the risk
that they will deteriorate, industry conditions, including fluctuations in the
price of supplies and the risk that they will increase, that required consents
and approvals from regulatory authorities will not be obtained, that activity in
the lump or vein graphite business will not be at the level or of the nature
anticipated, liabilities and risks inherent in Saint Jean's operations,
technical problems, equipment failure and construction delay.


Statements of past performance should not be construed as an indication of
future performance. Forward-looking statements involve significant risks and
uncertainties, should not be read as guarantees of future performance or
results, and will not necessarily be accurate indications of whether or not such
results will be achieved. A number of factors, including those discussed above,
could cause actual results to differ materially from the results discussed in
the forward-looking statements. Any such forward-looking statements are
expressly qualified in their entirety by this cautionary statement.


All of the forward-looking statements made in this press release are qualified
by these cautionary statements. Readers are cautioned not to place undue
reliance on such forward-looking statements. Forward-looking information is
provided as of the date of this press release, and Saint Jean assumes no
obligation to update or revise them to reflect new events or circumstances,
except as may be required under applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Saint Jean Carbon Inc.
Laurie McCarney
Director of Corporate Communications
(905) 844-1200 ext: 305
lmccarney@saintjeancarbon.com
Saint Jean Carbon, Inc. (TSXV:TCR)
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