Exhibit R-8. Brunet Melanie. RE: Early Repayment Offer - Quinto Mining Corp. - Revised Draft Settlement & Mutual Release Agreement.

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Exhibit R-8 Brunet Melanie Objet: RE: Early Repayment Offer - Quinto Mining Corp. - Revised Draft Settlement & Mutual Release Agreement De : SHALVIRI, ARYO [mailto:aryo.shalviri@blakes.com] Envoye : 6 septembre 2016 11:46 A : Peter McCague; Benoit Gascon; Thibault-Germain Louis; Simon Marcotte Cc : CHOW, MILLY; nigel.meakin fticonsulting.com; Bissell, Steven; WEISZ, STEVEN; Rigaud, Sylvain (Sylvain.Rigaud@nortonrosefulbright.com) Objet : RE: Early Repayment Offer - Quinto Mining Corp. - Revised Draft Settlement & Mutual Release Agreement Peter, Thanks for this. Please find attached a clean copy of the slightly revised Settlement Agreement together with a PDF blackline against the draft you circulated. You will note that we have accepted all of your changes, with the exception of the settlement fee payment date which is October 4, 2016 (the day before the next milestone payment is due under the Purchase Agreement). In that regard, I can confirm that we have obtained a September 23, 2016 hearing date and will provide Mason Graphite with 7 business days following granting of the Settlement Approval Order to arrange for payment. Kindly let us know if we can consider the Settlement Agreement final and proceed to execution. Kind regards, Aryo Aryo Shalviri Associate aryo.shalviriblakes.com Dir: 416-863-2962 From: Peter McCague pmccagueoforbesmanhattan.com] Sent: Thursday, September 01, 2016 9:36 AM To: SHALVIRI, ARYO Cc: CHOW, MILLY; nigel.meakin@fticonsulting.com; Bissell, Steven; WEISZ, STEVEN; Benoit Gascon; LThibaultGermainPlavermai Simon Marcotte Subject: RE: Early Repayment Offer - Quinto Mining Corp. - Draft Settlement & Mutual Release Agreement Aryo please see attached our comments on the Settlement Agreement for your consideration. Peter Peter McCague W: +1 (416) 309-2961 C: +1 (416) 302-2477 From: SHALVIRI, ARYO [mailto:aryo.shalviri@biakes.com] Sent: Wednesday, August 31, 2016 5:26 PM To: Benoit Gascon <Bgascon@masongraphite.com>; Peter McCague <pmccague@forbesmanhattan.com> Cc: CHOW, MILLY <MILLYCHOW@blakes.com>; nigel.meakin@fticonsulting.com; Bissell, Steven <Steven.Bissell@fticonsultInEcpin>; WEISZ, STEVEN <STEVEN.WEISZ@blakes.com> Subject: RE: Early Repayment Offer - Quinto Mining Corp. - Draft Settlement & Mutual Release Agreement 1

Peter, I am following up on the below e-mail and draft settlement agreement to see if you have any comments. Could you kindly let us know when we should expect to hear from you? Many thanks, Aryo Aryo Shalviri Associate aryo.shalviriablakes.com Dir: 416-863-2962 Blake, Cassels & Graydon LLP 199 Bay Street, Suite 4000, Toronto ON M5L 1A9 Tel: 416-863-2400 Fax: 416-863-2653 blakes.com l Twitter Unsubscribe Blake. Cassels & Graydon Lt.P l Barristers & Solicitors I Patent & Trade-mark Agents This email communication is CONFIDENTIAL. AND LEGALLY PRIVILEGED. If you are not the intended recipient, please notify me at the telephone number shown above or by return email and delete this communication arid any copy irnmediately. Thank you. L'information paraissant dans ce message electronigue est CONFIDENTIELLE. Si ce message vous est parvenu par erreur, veuillez immediatement m'en aviser par telephone ou par cowriel et en detruire toute copie. Merci. From: SHALVIRI, ARYO Sent: Friday, August 26, 2016 5:26 PM To: 'bgascon@masongraphite.com'; 'pmccague@forbesmanhattan.com' Cc: CHOW, MILLY; nigel.meakin fticonsultirig,com; Bissell, Steven; WEISZ, STEVEN Subject: RE: Early Repayment Offer - Quinto Mining Corp. - Draft Settlement & Mutual Release Agreement Peter, Further to the below e-mail correspondence, please find attached a draft Settlement & Mutual Release Agreement. Please note that the attached is under review by our client and the Monitor and is being concurrently circulated to you in the interest of time. As such, it remains subject to further review and comment. We would be happy to discuss further once you have had an opportunity to review. Kind regards, Aryo Aryo Shalviri Associate aryo.shalviriblakes.com Dir: 416-863-2962 From: Benoit Gascon [rnailto:bgascon@masongraphite.com] Sent: Monday, August 22, 2016 10:50 AM To: Meakin, Nigel Cc: Bissell, Steven; Peter McCague Subject: RE: Early Repayment Offer - Quinto Mining Corp. 2

Hello Nigel, Mason Graphite accepts the offer as outlined below and will pay $4 million USD in full and final settlement of the future amounts owed to Quinto. The definitive settlement agreement will also include the de-registration of all securities in favor of Quinto Mining Corp. Please confirm your acceptance. Peter McCague, Mason's Legal Advisor and copied on this email, will contact you in order to organize the process. His phone number is 416-309-2961. Best regards, Benoit Gascon, CPA, CA President & CEO Mason Graphite Inc. +1 514 289 3574 TSX-V: LLG OTCQX: MGPHF From: Meakin, Nigel [mailto:nigel.meakin@fticonsulting.com] Sent: 16 aocit 2016 1.2:24 To: Benoit Gascon <bgascon@masongraphite.com> Cc: Bissell, Steven <Steven.Bissell@fticonsulting.com> Subject: Early Repayment Offer - Quinto Mining Corp. Without prejudice Benoit The Monitor has now discussed this matter with the company and the company does not accept the proposal set out in your email of July 28, 2016 below. The company is however prepared to accept, subject to any necessary Court approval, a payment of US$4 million in full and final settlement of the future amounts owing by Mason Graphite, subject to the following conditions: 1. Acceptance of this offer by no later than 5:00 p.m. Eastern Time on Monday August 22, 2016, after which time this offer shall be null and void; 2. Execution of a definitive settlement agreement by no later than September 2, 2016; 3. Payment in full by no later than September 30, 2016 (or three business days after Court approval is granted if such approval is determined by the company to be required). If you have any questions, please do not hesitate to contact the undersigne Kind regards Nigel 3

From: Benoit Gascon [mailto:b ascon MASONGRAPHITE.COM] Sent: Thursday, July 28, 2016 7:32 AM To: Meakin, Nigel Subject: RE: Early Repayment Offer - Quinto Mining Corp. Dear Nigel, Our previous offer was based on the available cash we had on hand. To increase the amount, we need to secure an external financing either through equity or debt. Over the past few months, we've been working on securing a financing for an early repayment of the last deferred payment, which is not easy in the actual market, even more since it is aimed at reimbursing a debt. Nevertheless, we have found some financial partners and are now in a position to have access to an amount of $3M to be used as a complete and final payment to fully reimburse the last deferred payment without conditions and payable on closing. l would appreciate your thoughts on this in order to come to an acceptable resolution to both parties. Otherwise, this will likely mean you getting back the asset and trying to monetize it, which will not be easy and will take more time. Benoit Gascon, CPA, CA President & CEO +1 514 289 3574 TSX-V: LLG OTCQX: MGPHF 4

SETTLEMENT & MUTUAL RELEASE AGREEMENT THIS AGREEMENT made as of September [40], 2016 BETWEEN: QUINTO MINING CORPORATION - and - MASON GRAPHITE INC. WHEREAS: (A) QUINTO MINING CORPORATION ("Quinto"), as vendor, and MASON GRAPHITE INC. (formerly Mason Graphite Corp.), as purchaser ("Mason" and together with Quinto, the "Parties") entered into a purchase agreement (the "Purchase Agreement") dated April 5, 2012 for the purchase and sale of 215 mining claims located in the vicinity of Lac Gueret, Registration Division of Saguenay, Quebec (as described in greater detail in the Purchase Agreement, the "Mining Claims"); (B) (C) (D) (E) The purchase price under the Purchase Agreement was USD $15,000,000 (the "Purchase Price"). Pursuant to the Purchase Agreement, payment of a portion of the Purchase Price in the amount of USD $7,500,000 was deferred (the "Deferred Purchase Price") and conditional upon the earlier of the passage of certain time periods, the completion of a feasibility study or the achievement of commercial production of the Mining Claims; To secure payment of the Deferred Purchase Price, Mason granted a security interest in favour of Quinto in and affecting all undertaking, personal property and real property of Mason, including the Mining Claims, pursuant to (i) a general security agreement granted by Mason in favour of Quinto dated April 5, 2012, as updated on June 24, 2013, and (ii) a deed of sale and hypothec between Quinto and Mason dated April 5, 2012 (collectively, the "Security"). As of the date hereof, Mason remains indebted to Quinto for a portion of the Deferred Purchase Price in the amount of USD $5,000,000 (the "Balance of the Deferred Purchase Price"); Pursuant to an initial order of the Quebec Superior Court [Commercial Division] (the "Court") dated January 27, 2015 (as subsequently amended, rectified and/or restated, the "Initial Order"), (i) proceedings were commenced under the Companies' Creditors Arrangement Act (the "CCAA") in respect of Quinto and several other related entities, under Court File No. 500-11-048114-157 (the "CCAA Proceedings"), and (ii) FTI Consulting

Canada Inc. was appointed as monitor (the "Monitor") in the CCAA Proceedings; (F) The Parties desire to enter into this agreement (this "Settlement & Mutual Release Agreement") in order to fully and finally resolve and settle on the terms hereinafter set forth, all matters, claims and any and all issues that exist between the Parties arising out of the Purchase Agreement, Mining Claims and Security including, without limitation, the payment of the Balance of the Deferred Purchase Price; and (G) The settlement and mutual release contemplated by this Settlement & Mutual Release Agreement are subject to the approval of the Court. NOW THEREFORE, IN CONSIDERATION of the foregoing and mutual terms and covenants contained in this Settlement & Mutual Release Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby conclusively acknowledged, the Parties, acknowledge, covenant and agree to settle all issues relating to or arising from the Purchase Agreement, Mining Claims and Security, including, without limitation, the payment of the Balance of the Deferred Purchase Price, on the following terms: 1. Settlement Fee. The Parties acknowledge and agree that Mason shall pay to the Monitor, in trust for Quinto, the sum of FOUR MILLION UNITED STATES DOLLARS (USD $4,000,000) (the "Settlement Fee") as soon as practicable following but in any event no later than seven (7) Business Days following the granting of the Settlement Approval Order (as defined below). The Parties further acknowledge and agree that upon payment of the Settlement Fee, all outstanding obligations of Mason under or relating to the Purchase Agreement, the Security and the Balance of the Deferred Purchase Price shall be paid and satisfied in full. For the purposes of this Settlement & Mutual Release Agreement, "Business Days" shall mean any day except Saturday, Sunday or any day on which banks are generally not open for business in the City of Montreal, Quebec. 2. Settlement Approval Order. This Settlement & Mutual Release Agreement is conditional upon the Court's issuance of an Order in the CCAA Proceedings in form and substance satisfactory to the Parties, acting reasonably, approving this Settlement & Mutual Release Agreement (the "Settlement Approval Order"), which Settlement Approval Order must be obtained by 5:00 p.m. (Montreal time) on September 23, 2016 or such later date and/or time as the Parties may agree in writing. Quinto shall file with the Court, as soon as practicable after its execution and delivery of this Settlement & Mutual Release Agreement, a motion seeking the Court's issuance of the Settlement Approval Order and Mason shall cooperate with Quinto in its efforts to obtain the issuance and entry of the Settlement Approval Order. Mason, at its own expense, will promptly provide to Quinto and the Monitor all such information within its possession or under its control as Quinto or the Monitor may reasonably require to obtain the Settlement Approval Order.

3. Mutual Release. Upon (i) granting of the Settlement Approval Order, and (ii) payment of the Settlement Fee, each of the Parties does, to the maximum extent permitted by law, for itself and on behalf of its respective affiliates, subsidiaries, and successors and assigns, hereby fully and finally release and forever discharge the other Party and its respective affiliates and subsidiaries and all of its former and current directors, officers, employees, agents, insurers, heirs, successors and assigns, and representatives and any other person or entity which may claim contribution or indemnity from such parties, (collectively, the "Released Parties"), from any and all agreements, understandings, claims, actions, suits, proceedings, procedures, complaints, applications, causes of action, demands, debts, accounts, obligations, duties, damages, losses, expenses, entitlements, remedies, liabilities, profits, proceeds, costs and interests of any kind or nature and any other remedy whatsoever, at law or in equity or under any statute, whether known or unknown which such Party has had or may hereafter have against any of the Released Parties by reason of or arising out of, directly or indirectly, or incidental to, any cause, matter or thing in respect of the Purchase Agreement, Mining Claims and Security, including with respect to the payment of the Balance of the Deferred Purchase Price (each, a "Claim") and Quinto irrevocably releases and discharges all of its security interests in, hypothecs, mortgages, charges, assignments, transfers, pledges and guarantees, and liens on any and all real or personal property or assets of Mason granted under the Purchase Agreement or any Security or in connection with the Mining Claims. 4. Discharge of Security Registrations. As soon as reasonably practicable upon payment of the Settlement Fee and granting of the Settlement Approval Order, Quinto shall take all steps and do all things necessary to release and discharge any and all security interests granted by Mason in respect of the Purchase Agreement, Mining Claims and Security, or otherwise granted to secure the full and timely payment of the Balance of the Deferred Purchase Price including, but not limited to, (i) the Personal Property Security Act (Ontario) registration against Mason with Reference No. 677361411, (ii) the hypothec registered at the Public Register of Real and Immovable Mining Rights (Quebec) with Registration No. 54562, (iii) the hypothec registered at the Register of Real Rights of State Resource Development of the Land Register of Quebec, Registration Division of Saguenay, with Registration No. 18 955 913, and (iv) the hypothec registered at the Register of Personal and Movable Real Rights with Registration No. 12-0252957-0001. 5. No Assignment of Claims. Each of the Parties represents and warrants that it has not assigned or transferred or purported to assign or transfer any Claim to any person, partnership, corporation or other such entity. 6. Necessary Consents and Approvals. The Parties represent and warrant that subject to the granting of the Settlement Approval Order, no permission, consent, approval, waiver or other intervention or involvement of any kind is required for the effective release of any Claim or the effective execution of this Settlement & Mutual Release Agreement.

7. Article 2631. Each of the Parties acknowledge and agree that the present settlement and mutual release constitutes a transaction within the meaning of Article 2631 of the Civil Code of Québec. 8. Binding on Successors & Assigns. Each of the Parties acknowledge and agree that everything contained herein shall, to the full extent permitted by law, extend to and bind and enure to the benefit of their respective successors and permitted assigns. 9. Further Assurances. The parties agree to do all acts and things and execute all agreements, instruments and other documents as may be reasonably required to carry out the intent and purpose of this Settlement & Mutual Release Agreement. 10. Legal Advice. The Parties acknowledge and agree that they have had an opportunity to consult an attorney on the consequences attached to executing the present Settlement & Mutual Release Agreement and fully understand same. 11. Governing Law. This Settlement & Mutual Release Agreement shall be governed by and interpreted in accordance with the laws of the Province of Québec, and shall be subject to the exclusive jurisdiction of the Court. 12. Entire Agreement. This Settlement & Mutual Release Agreement sets forth the entire understanding of the Parties relating to the settlement contained herein. 13. Counterparts. This Settlement & Mutual Release Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which, taken together, shall be deemed to constitute one and the same agreement. This Settlement & Mutual Release Agreement may be executed by PDF and such counterparts may be delivered by electronic mail. 14. Language. The Parties have required that this Settlement & Mutual Release Agreement and all deeds, documents and notices relating to this Agreement be drawn up in the English language. Les parties aux présentes ont exigé que le présent contrat et tous autres contrats, documents ou avis afférents aux présentes soient rédigés en langue anglaise. [Signature page follows]

IN WITNESS WHEREOF the Parties have executed this Settlement & Mutual Release Agreement as of the date first written above. QUINTO MINING CORPORATION By: Name: Authorized Signatory MASON GRAPHITE INC. By: Name: Benoit Gascon Authorized Signatory

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SETTLEMENT & MUTUAL RELEASE AGREEMENT THIS AGREEMENT made as of September [401, 2016 BETWEEN: QUINTO MINING CORPORATION - and - MASON GRAPHITE INC. WHEREAS: (A) QUINTO MINING CORPORATION ("Quinto"), as vendor, and MASON GRAPHITE INC. (formerly M: son Graph'te ), as purchaser ("Mason" and together with Quinto, the "Parties") entered into a purchase agreement (the "Purchase Agreement") dated April 5, 2012 for the purchase and sale of 215 mining claims located in the vicinity of Lac Gueret, Registration Division of Saguenay, Quebec (as described in greater detail in the Purchase Agreement, the "Mining Claims"); (B) (C) (D) (E) The purchase price under the Purchase Agreement was USD $15,000,000 (the "Purchase Price"). Pursuant to the Purchase Agreement, payment of a portion of the Purchase Price in the amount of USD $7,500,000 was deferred (the "Deferred Purchase Price") and conditional upon the earlier of the passage of certain time periods, the completion of a feasibility study or the achievement of commercial production of the Mining Claims; To secure payment of the Deferred Purchase Price, Mason granted a security interest in favour of Quinto in and affecting all undertaking, personal property and real property of Mason, including the Mining Claims, pursuant to (i) a general security agreement granted by Mason in favour of Quinto dated April 5, 2012, as updated on June 24, 2013, and (ii) a deed of sale and hypothec between Quinto and Mason dated April 5, 2012 (collectively, the "Security"). As of the date hereof, Mason remains indebted to Quinto for a portion of the Deferred Purchase Price in the amount of USD $5,000,000 (the "Balance of the Deferred Purchase Price"); Pursuant to an initial order of the Quebec Superior Court [Commercial Division] (the "Court") dated January 27, 2015 (as subsequently amended, rectified and/or restated, the "Initial Order"), (i) proceedings were commenced under the Companies' Creditors Arrangement Act (the "CCAA") in respect of Quinto and several other related entities, under Court File No. 500-11-048114-157 (the "CCAA Proceedings"), and (ii) FTI Consulting

Canada Inc. was appointed as monitor (the "Monitor") in the CCAA Proceedings; (F) The Parties desire to enter into this agreement (this "Settlement & Mutual Release Agreement") in order to fully and finally resolve and settle on the terms hereinafter set forth, all matters, claims and any and all issues that exist between the Parties arising out of the Purchase Agreement, Mining Claims and Security including, without limitation, the payment of the Balance of the Deferred Purchase Price; and (G) The settlement and mutual release contemplated by this Settlement & Mutual Release Agreement are subject to the approval of the Court. NOW THEREFORE, IN CONSIDERATION of the foregoing and mutual terms and covenants contained in this Settlement & Mutual Release Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby conclusively acknowledged, the Parties, acknowledge, covenant and agree to settle all issues relating to or arising from the Purchase Agreement, Mining Claims and Security, including, without limitation, the payment of the Balance of the Deferred Purchase Price, on the following terms: 1. Settlement Fee. The Parties acknowledge and agree that Mason shall pay to the Monitor, in trust for Quinto, the sum of FOUR MILLION UNITED STATES DOLLARS (USD $4,000,000) (the "Settlement Fee") as soon as practicable following but in any event no later than 4eftseven (4-07) Business Days following the granting of the Settlement Approval Order (as defined below). The Parties further acknowledge and agree that upon payment of the Settlement Fee, all outstanding obligations of Mason under or relating to the Purchase Agreement, the Security and the Balance of the Deferred Purchase Price shall be paid and satisfied in full. For the purposes of this Settlement & Mutual Release Agreement, "Business Days" shall mean any day except Saturday, Sunday or any day on which banks are generally not open for business in the City of Montreal, Quebec. 2, Settlement Approval Order. This Settlement & Mutual Release Agreement is conditional upon the Court's issuance of an Order in the CCAA Proceedings in form and substance satisfactory to the Parties, acting reasonably, approving this Settlement & Mutual Release Agreement (the "Settlement Approval Order"), which Settlement Approval Order must be obtained by 5:00 p.m. (Montreal time) on Oeteber- 44,September 23 2016 or such later date and/or time as the Parties may agree in writing. Quinto shall file with the Court, as soon as practicable after its execution and delivery of this Settlement & Mutual Release Agreement, a motion seeking the Court's issuance of the Settlement Approval Order and Mason shall cooperate with Quinto in its efforts to obtain the issuance and entry of the Settlement Approval Order. Mason, at its own expense, will promptly provide to Quinto and the Monitor all such information within its possession or under its control as Quinto or the Monitor may reasonably require to obtain the Settlement Approval Order.

3 Mutual Release. Upon (i) granting of the Settlement Approval Order, and (ii) payment of the Settlement Fee, each of the Parties does, to the maximum extent permitted by law, for itself and on behalf of its respective affiliates, subsidiaries, and successors and assigns, hereby fully and finally release and forever discharge the other Party and its respective affiliates and subsidiaries and all of its former and current directors, officers, employees, agents, insurers, heirs, successors and assigns, and representatives and any other person or entity which may claim contribution or indemnity from such parties, (collectively, the "Released Parties"), from any and all agreements, understandings, claims, actions, suits, proceedings, procedures, complaints, applications, causes of action, demands, debts, accounts, obligations, duties, damages, losses, expenses, entitlements, remedies, liabilities, profits, proceeds, costs and interests of any kind or nature and any other remedy whatsoever, at law or in equity or under any statute, whether known or unknown which such Party has had or may hereafter have against any of the Released Parties by reason of or arising out of, directly or indirectly, or incidental to, any cause, matter or thing in respect of the Purchase Agreement, Mining Claims and Security, including with respect to the payment of the Balance of the Deferred Purchase Price (each, a "Claim") and Quinto irrevocably releases and discharges all of its security interests in, hypothecs, mortgages, charges, assignments, transfers, pledges and guarantees, and liens on any and all real or personal property or assets of Mason granted under the Purchase Agreement or any Security or in connection with the Mining Claims. 4. Discharge of Security Registrations. As soon as reasonably practicable upon payment of the Settlement Fee and granting of the Settlement Approval Order, Quinto shall take all steps and do all things necessary to release and discharge any and all security interests granted by Mason in respect of the Purchase Agreement, Mining Claims and Security, or otherwise granted to secure the full and timely payment of the Balance of the Deferred Purchase Price including, but not limited to, (i) the Personal Property Security Act (Ontario) registration against Mason with Reference No. 677361411, (ii) the hypothec registered at the Public Register of Real and Immovable Mining Rights (Quebec) with Registration No. 54562, (iii) the hypothec registered at the Register of Real Rights of State Resource Development of the Land Register of Quebec, Registration Division of Saguenay, with Registration No. 18 955 913, and (iv) the hypothec registered at the Register of Personal and Movable Real Rights with Registration No. 12-0252957-0001. S. No Assignment of Claims. Each of the Parties represents and warrants that it has not assigned or transferred or purported to assign or transfer any Claim to any person, partnership, corporation or other such entity. 6.. Necessary Consents and Approvals. The Parties represent and warrant that subject to the granting of the Settlement Approval Order, no permission, consent, approval, waiver or other intervention or involvement of any kind is required for the effective release of any Claim or the effective execution of this Settlement & Mutual Release Agreement.

7. Article 2631. Each of the Parties acknowledge and agree that the present settlement and mutual release constitutes a transaction within the meaning of Article 2631 of the Civil Code of Québec. 8. Binding on Successors & Assigns. Each of the Parties acknowledge and agree that everything contained herein shall, to the full extent permitted by law, extend to and bind and enure to the benefit of their respective successors and permitted assigns. 4. Further Assurances. The parties agree to do all acts and things and execute all agreements, instruments and other documents as may be reasonably required to carry out the intent and purpose of this Settlement & Mutual Release Agreement. la. Legal Advice. The Parties acknowledge and agree that they have had an opportunity to consult an attorney on the consequences attached to executing the present Settlement & Mutual Release Agreement and fully understand same. IL Governing Law. This Settlement & Mutual Release Agreement shall be governed by and interpreted in accordance with the laws of the Province of Québec, and shall be subject to the exclusive jurisdiction of the Court. 12. Entire Agreement. This Settlement & Mutual Release Agreement sets forth the entire understanding of the Parties relating to the settlement contained herein. II. Counterparts. This Settlement & Mutual Release Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which, taken together, shall be deemed to constitute one and the same agreement. This Settlement & Mutual Release Agreement may be executed by PDF and such counterparts may be delivered by electronic mail. 14. Language. The Parties have required that this Settlement & Mutual Release Agreement and all deeds, documents and notices relating to this Agreement be drawn up in the English language. Les parties aux présentes ont exigé que le présent contrat et tous autres contrats, documents ou avis afférents aux présentes soient rédigés en langue anglaise. [Signature page follows]

IN WITNESS WHEREOF the Parties have executed this Settlement & Mutual Release Agreement as of the date first written above. QUINTO MINING CORPORATION By: Name: Authorized Signatory MASON GRAPHITE INC. By: Name: Benoit Gascon Authorized Signatory

Document comparison by Workshare Compare on Tuesday, September 06, 2016 11:43:34 AM Input: file://c:\users\ary\desktop\quinto_and_mason_settleme Document 1 ID nt_and_mutual_release_agreement - MASON COMMENTS.docx Description Quinto_and_Mason_Settlement_and_Mutual_Release_Ag reement - MASON COMMENTS Document 2 ID PowerDocs://TOR_2528/22973827/4 Description TOR 2528-#22973827-v4-Quinto and Mason Settlemen Land- Mutual_Release_Agreeme-n-t_ Rendering set Standard Legend: Insertion_ Deletion :' ioved-frair,i Mvs.:cd to. Style change Format change Inserted cell Deleted cell Moved cell Split/Merged cell Padding cell Statistics: Count Insertions 4 Deletions 3 Moved from 0 Moved to 0 Style change 0 Format changed 0

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NO.: 500-11-048114-157 SUPERIOR COURT (Commercial Chamber) DISTRICT OF MONTREAL N THE MATTER OF THE COMPANIES' CREDITORS ARRANGEMENTS ACT (R.S.C. 1985 c. C-36) AS AMENDED: BLOOM LAKE GENERAL PARTNER LIMITED, 8568391 CANADA INC., CLIFFS QUEBEC IRONG MINING ULC., QUINTO MINING CORPORATION, -and- Petitioners THE BLOOM LAKE IRON ORE MINE LIMITED PARTNERSHIP, BLOOM LAKE RAILWAY COMPANY, Mis-en-cause Et al. EXHIBIT R-8 CERTIFIED TRUE COPY BL 1332 Dominique Vallieres 416248-00023 LAVERY, DE BILLY, L.L.P. LIMITED LIABILITY PARTNERSHIP SUITE 4000, 1, PLACE VILLE MARIE, MONTREAL, QUEBEC H3B 4M4 TELEPHONE: 514 871-1522 FAX NUMBER: 514 871-8977 EMAIL NOTIFICATIONS: NOTIFICATIONS-MTL@LAVERY.CA lavery.ca