December 03, 2012

Big North Provides Update on Nuevo San Pedro; Amends Terms of Luciana Prospect Agreement

Vancouver, B.C., NOV 20, 2012 - BIG NORTH GRAPHITE CORP. (TSX-V: NRT) (the "Company" or "Big North"), announced today that the Company has completed the first phase of development on the re-start of the Nuevo San Pedro Mine located in Sonora, Mexico. Heavy equipment was delivered and repair and construction of haul ways and existing access roads to the mine site have been completed. Site prep and clearing at the mine site along with enlargement of stockpiling areas will allow for immediate sorting and shipping of mined graphite. The underground workings have been cleared and stabilized for safety and will allow for mining to begin immediately. Two new drills and support equipment and a compressor have been delivered and ready for use. Electric generator power and a cable winch have been installed for extracting graphite from the lower levels. The Company has obtained approval and permits for the use of explosives and the first holes have been drilled and ready to blast.

The Nuevo San Pedro Mine is located in the San Jose de Moradillas region, a region that has produced graphite for more than 145 years. San Jose de Moradillas is located approximately 45 kilometers southwest of the city of Hermosillo, Mexico.

Nuevo San Pedro is an approximately 11 hectare property, located near the town of La Colorada. The La Lourdes graphite mine, which has been in operation for approximately 50 years, is located approximately 1 kilometer to the north. Nuevo San Pedro is a past producing mine, which shut down due to low graphite prices and is currently being re-opened.

Terms of Option Agreement Amended

The Company has received authorization from Golden Valley Mines Ltd. (the "Optionor") to extend the date by which it must have completed $250,000 of exploration expenditures on the Luciana Prospect gold project from August 30, 2012 to May 30, 2013.

The Luciana Gold Project is located 40km North of Lebel-sur-Quevillon in Quebec. Big North Graphite has an option to earn as much as 70% of the property, which includes 21 claims totaling 2916 hectares of land. This highly prospective property is situated 22km SE of North American Palladium's Discovery project and 8km SE of its Flordin project.

IR Agreement

Big North Graphite also announces that the Company has retained Mr.Tomasz Okuszko to provide investor relations services to the Company effective November 15, 2012. The services provided by Mr. Okuszko will encompass building and maintaining an informed investor audience for the Company and advising the Company with respect to its public communications materials.

Mr. Okuszko is at arm's length to the Company and does not currently own any securities of the Company as of the date hereof but may purchase securities in the Company from time to time for investment purposes.

The agreement with Mr. Okuszko is for an initial three-month term with provision for extension upon mutual agreement of the parties. The Company will pay Mr. Okuszko a monthly fee of $4,500 (plus applicable taxes) and will grant 50,000 stock options to purchase common shares of the Company which will vest 25 percent per quarter and will be exercisable until the earlier of one year from the date of grant and 90 days following termination of services under the agreement.

The investor relations agreement and the issuance of options are both subject to the approval of the TSXV.

For further information concerning this press release, please contact Spiro Kletas at (604) 629-8220.

ON BEHALF OF THE BOARD

"Spiro Kletas"
_____________________________________
Spiro Kletas
President and Chief Executive Officer

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.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.