[By NBC-1TV H. J Yook]Energizer Resources Inc. (TSX: EGZ)(OTCBB: ENZR)(FRANKFURT: YE5) (“Energizer” or the “Company”) is pleased to report the results of the Preliminary Economic Assessment Technical Update (“PEA”) for its Molo graphite deposit (“Molo” or the “Project”), located in Madagascar.

The PEA Technical Report Update is currently being compiled by DRA Mineral Projects (“DRA”) of Johannesburg, South Africa. A Canadian National Instrument 43-101 technical report relating to the PEA will be filed on SEDAR within 45 days of this news release.

Craig Scherba, President & COO commented: "We have completed our stated objective to deliver both a NI 43-101 resource and a PEA on the Molo Project. This PEA provides the necessary information to the market for quantified evaluation of the Molo deposit.

“Preliminary test work conducted by South Africa's national mineral research organization, Mintek, demonstrated that we were able upgrade our concentrates to purities between 98% and 98.6% graphitic carbon. We are now moving forward with additional metallurgical testing as part of a full Feasibility Study which will look to enhance beneficiation to obtain battery grade material with target purity levels of greater than 99%. This work, along with the optimization of flake size distribution through pilot plant test work, should positively affect the blended graphite sale price and flake size distribution. As such, we believe this PEA to be conservative.”