SJL Saint Jean Carbon Inc

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Saint Jean Carbon Inc. ("Saint Jean" or the "Company") (TSX VENTURE:SJL) with
reference to the previous press releases dated January 16, 2014 and January 30,
2014, wishes to announce that it has amended the terms of its private placement.



Amended Private Placement Terms

The Company advises that, subject to regulatory approval, it intends to issue by
way of a private placement $1,000,000 of additional equity (the "Offering").
Under the terms of the Offering, the Company will issue up to 10,000,000 Common
Units at a price of $0.05 per Common Unit and up to 10,000,000 Flow-Through
Units at a price of $0.05 per Flow-Through Unit. Each Common Unit will be
comprised of one (1) Common Share at a price of $0.05 per share and one-half
(0.5) of a Common Share Purchase Warrant (each whole Common Share Purchase
Warrant a "Warrant"). Each Flow-Through Unit will be comprised of one (1)
Flow-Through Common Share at a price of $0.05 per share and one-half (0.5) of a
Warrant. Each whole Warrant will exercisable into one Common Share of the
Company at a price of $0.10 for a period of eighteen (18) months from the
closing of the Unit Offering. 


In connection with the Offering, the Company has agreed to pay a finder's fee to
an arm's length finder consisting of a cash fee of 8% of the gross proceeds
raised under the Offering and the issuance of non-transferable broker warrants
(each a "Broker Warrant") equal to 4% of the total number of Common Units and 4%
of the total number of Flow-Through Units sold under the Unit Offering. Each
Broker Warrant will be exercisable into one (1) Common Share of the Company at
an exercise price of $0.08 per Common Share for a period of eighteen (18) months
from the closing of the Unit Offering.


The Company intends to use 100% of the proceeds of Flow-Through Units to incur
Canadian exploration expenses to advance the exploration of the Company's 100%
owned Walker, Saint Jovite and Wallingford properties and 100% of the proceeds
of the Common Units for general corporate purposes including the completion of
the Clot acquisition


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 a further
new lump graphite properties in Quebec (the "Clot, Acquisition") and the
previously announced new lump graphite properties in Sri Lanka from Han Tal
Graphite (Pvt) Ltd. (the "Han Acquisition" and together with the Clot
Acquisition, 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 the Unit Offering, 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 this Offering,
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
www.saintjeancarbon.com

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