Mr. Daniel Stolyarov reports

G6 MATERIALS REPORTS FINANCIAL RESULTS FOR THE SECOND FISCAL QUARTER OF 2023

G6 Materials Corp. has filed its unaudited financial results for the second quarter of the fiscal year ended Nov. 30, 2022, the highlights of which are included in this news release. The full set of condensed interim consolidated financial statements and management's discussion and analysis can be viewed by visiting G6's website or its profile page on SEDAR.

Financial highlights (all amounts expressed in U.S. dollars unless otherwise noted):

• Revenue for the three-month period ended Nov. 30, 2022, was $490,527, an increase from the $320,204 reported for the same period last year.
• Gross profit for the three-month period ended Nov. 30, 2022, was $201,471, an increase from the $39,383 reported for the same three-month period last year, primarily due to a change in product sales mix.
• Total expenses for the three-month period ended Nov. 30, 2022, were $1,113,357, an increase from the $649,648 reported for the same three-month period last year, due to an increase in general and administrative expenses related to additional costs related to the launch of the company's Breathe product line.
• Net loss for the three-month period ended Nov. 30, 2022, was $911,886, as compared with a net loss of $610,265 reported for the same three-month period last year, which was due to the sales mix, increased general and administrative expenses, and share-based compensation.
• Total assets for the period ended Nov. 30, 2022, were $2,217,306 from $3,761,922 reported for the annual period ended May 31, 2022.

Management commentary

"The first half of the 2023 fiscal year is off to a strong start as revenue and gross profit are improving after making some changes made to our product sales mix last year. I would like to thank our staff, customers, partners and other stakeholders for each doing their part to assist us in achieving these financial results," said Daniel Stolyarov, president and co-chief executive officer of G6. "The company is currently working on a number of business development initiatives that are promising and have the potential to make the second half of the 2023 fiscal year as promising as the first half. Our team continues to work towards executing on those initiatives and also evaluating new opportunities as they present themselves," added Mr. Stolyarov.

Summary of key financial measures (all amounts expressed in U.S. dollars unless otherwise noted)

The attached table contains summary financial information taken from the company's quarterly financial reports covering the last five reporting quarters. The information set forth should be read in conjunction with the audited annual financial statements, prepared in accordance with international financial reporting standards, and the related notes thereon.

Subsequent highlighted events (all amounts expressed in U.S. dollars unless otherwise noted):

• On Dec. 6, 2022, the company Graphene Laboratories Inc. (GLI) entered into a strategic partnership agreement with Singapore-based Made Advance Materials Pte Ltd. The agreement encapsulates the collaboration between GLI and Made, which is focused on production collaboration and the potential joint development of intellectual property. Made and GLI intend to explore the possibility of using the fibre composites with graphene-enhanced resin as necessary to meet specific terms provided by a third party client.

About G6 Materials Corp.

G6 is a high-technology company with expertise in advanced materials that creates value-developing innovative composites for a wide range of industrial uses. Graphene Laboratories, a wholly owned subsidiary of G6, sells a range of graphene-based products and other materials, including, but not limited to, conductive epoxies, high performance composites, and research and development materials, with numerous customers from among the Fortune 500 list of companies, as well as NASA and leading universities. Graphene Laboratories has entered the global air filtration market with Breathe+, a line of medical-grade HEPA (high efficiency particulate air) filtration products enhanced with advanced performance graphene material.

G6 has identified new graphene-based applications to accelerate growth into the future. Accordingly, the company has a valuable intellectual property portfolio currently comprising five granted patents. The company's management team and employees have a deep understanding of graphene technology based on decades of aggregate academic and commercial experience. Graphene Laboratories, a wholly owned subsidiary of G6, located in Ronkonkoma, N.Y., has established its premium research laboratory and scalable production facility equipped with advanced analytical and material processing equipment.

The company's e-commerce websites are listed below:

• Breathe: medical-grade HEPA filtration enhanced with advanced performance graphene material;
• Conductive epoxies: adhesive materials distributed under the G6-Epoxy trade name and can be purchased at the G6 website;
• D materials: Graphene Laboratories currently offers over 100 graphene and related products at its website.

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