Mr. Daniel Stolyarov reports

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

G6 Materials Corp. has filed its unaudited financial results for the third quarter of the fiscal year ended Feb. 28, 2023, the highlights of which are included in this news release. The full set of Condensed Interim Consolidated Financial Statements and Management Discussion and Analysis can be viewed by visiting G6's website at www.g6-materials.com or its profile page on SEDAR at www.sedar.com .

Financial Highlights (all amounts expressed in US dollars unless otherwise noted)

• Revenue for the three-month period ended Feb. 28, 2023, was $370,646, an increase from the $337,921 reported for the same period last year; revenue for the nine-month period ended Feb. 28, 2023, was $1,219,573, an increase from the $999,259 reported for the same period last year.
• Gross profit for the three-month period ended Feb. 28, 2023, was $176,318, a decrease from the $207,909 reported for the same three-month period last year; gross profit for the nine-month period ended Feb. 28, 2023, was $510,719, an increase from the $418,774 reported for the same nine-month period last year due to a favourable change in product sales mix.
• Total expenses for the three-month period ended Feb. 28, 2023, was $622,844, a slight decrease from the $630,009 reported for the same three-month period last year; total expenses for the nine-month period ended Feb. 28, 2023, was $2,517,018, an increase from the $2,022,333 reported for the same nine-month period last year, due to an increase in salaries and benefits, office and administrative expenses and share-based compensation.
• Net loss for the three-month period ended Feb. 28, 2023, was $446,526, as compared to a similar net loss of $422,100 reported for the same three-month period last year ; net loss for the nine-month period ended Feb. 28, 2023, was $2,005,999, as compared to a net loss of $1,603,559 reported for the same nine-month period last year, which was primarily due to the aforementioned combination of reasons
• Total assets for the period ended Feb. 28, 2023, were $1,856,490, from $3,761,922 reported for the annual period ended May 31, 2022.

Management Commentary

"Over the first nine months of our fiscal 2023 year, G6 Materials has increased its revenues nicely, as compared to the same period last year, along with a corresponding increase in gross profit. We also continue to focus on optimizing our cost structure and minimizing major operating and corporate expenses where possible," said Daniel Stolyarov, President & Co-CEO of G6 Materials Corp. "I would like to thank our employees, consultants, advisors and stakeholders for their dedication, guidance and support. Our team continues to explore the addition of new products to the Company's sales mix as well as the development of innovative intellectual property for our patent portfolio," added Mr. Stolyarov.

About G6 Materials Corp.

G6 Materials Corp. is a high-tech company with expertise in advanced materials that creates value developing innovative composites for a wide range of industrial uses. Graphene Laboratories Inc., 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 R&D materials, with numerous customers from among the Fortune 500 list of companies, as well as NASA and leading universities. Graphene Laboratories Inc. has entered the global air filtration market with Breathe + , a line of medical-grade HEPA 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 IP 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 Inc., a wholly owned subsidiary of G6 located in Ronkonkoma, New York, has established its premium research laboratory and scalable production facility equipped with advanced analytical and material processing equipment.

We seek Safe Harbor.