Vancouver, B.C., December 18, 2012 — BIG NORTH GRAPHITE CORP. (TSX-V: NRT) (the “Company” or “Big North”), is pleased to announce that it has increased the size of its previously announced non-brokered private placement offering and closed on 14,168,712 units (the “Units”) at $0.07 per Unit for gross proceeds of $991,810. Each unit will consist of a common share and one half of one share purchase warrant, (one whole common share purchase warrant a “Warrant”), with each Warrant entitling the holder to acquire one common share at a price of $0.12 per share for 2 years following the closing. Net proceeds from the private placement will be applied towards advancement of the Company’s mineral properties and for general working capital purposes.