Dr. Daniel Stolyarov reports

G6 MATERIALS REPORTS 2023 ANNUAL FINANCIAL RESULTS

G6 Materials Corp. has filed its audited financial results for the fiscal year ending May 31, 2023, the highlights of which are included in this news release. The full set of consolidated financial statements and management 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 year ended May 31, 2023, was $1,549,874, up from the $1,357,799, reported for the same period of the prior year, which was primarily due to a change in sales mix.
• Gross profit for the year ended May 31, 2023, was $196,090, as compared with the $549,253 reported for the same period of the prior year, due to higher cost of goods sold from an increase in the shipping costs.
• Total expenses for the year ended May 31, 2023, were $2,919,198, up from the $2,561,926, reported for the same period of the prior year, due to an increase in general and administrative expenses, marketing and investor relations, and research and development expenses.
• Comprehensive loss for the year ended May 31, 2023, was $2,793,447, a significant improvement over the comprehensive loss of $4,938,532 reported for the same period of the prior year, which was primarily due to the prior year's inclusion of the $2,776,756 writedown of the value of its investment in GX Technologies.
• Total assets for the year ended May 31, 2023, were $1,441,003, from the $3,761,922 reported for the same period of the prior year.

Management commentary

"G6's financial results for the 2023 fiscal year were steady and show that the company is continuing to move in the right direction. I am pleased with the 14-per-cent increase in revenue and also with the significant improvement in comprehensive loss. G6 also continues to operate without any non-current financial liabilities," said Daniel Stolyarov, president, chief technology officer and co-chief executive officer of G6 Materials. "I would like to thank our employees, shareholders and all other stakeholders for their support in achieving these results. Going forward, our expectation is that G6's cost structure will be significantly improved after the changes that were made at the corporate level over the last several months," added Dr. 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 company's audited annual financial statements, prepared in accordance with international financial reporting standards, and the related notes thereon.

Commercial highlights subsequent to the 2023 fiscal year:

• Launch of new thermally conductive epoxy product line: On Aug. 9, 2023, the company announced the launch of a new thermally conductive G6-Epoxy product line. The first two products of the new product line are now available for purchase by consumers on the G6-Epoxy website and on the Graphene Supermarket website.

Outlook

Subsequent to the 2023 fiscal year, the company is focused on improving its working capital position by increasing sales of its new epoxy product line and its Breathe + line of air purifiers, as well as through other means. G6 is also focused on evolving its strategic partnership with Singapore-based Made Advanced Materials Pte. Ltd., which possesses an expertise in fibre composites. Made's role in the strategy partnership is to provide customers optimized designs and an optimized composite manufacturing process, while G6's role is to provide graphene-based resin formulations and other graphene-based expertise.

About G6 Materials Corp.

G6 Materials 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 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) 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.

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