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Energizer Resources Nears Completion of Detailed Engineering Study; Hires Former MD of DRA Africa in Preparation for Commencement of Mine Construction

TORONTO, ONTARIO–(Marketwired – March 2, 2017) – Energizer Resources Inc. (TSX:EGZ) (OTCQB:ENZR) (FRANKFURT:A1CXW3) (“Energizer” or the “Company”) announces that a Detailed Engineering Study on its 100%-owned Molo Graphite Project in Madagascar is expected to be completed by March 31, 2017. The decision to commence a Detailed Engineering Study was based on the positive results of the Front End Engineering and Design (FEED) Study, which was completed this past November.