Mr. Kevin Cornish reports

G6 MATERIALS REPORTS FINANCIAL RESULTS FOR THE FIRST FISCAL QUARTER OF 2024

G6 Materials Corp. has filed its unaudited financial results for the first quarter of the fiscal year ending Aug. 31, 2023, 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 Aug. 31, 2023, was $320,907, a decrease from the $358,400 reported for the same period last year, due to a change in product sales mix.
• Gross profit for the three-month period ended Aug. 31, 2023, was $87,560 or 27 per cent of revenue, a decrease from the $132,930 or 37 per cent of revenue reported for the same three-month period last year, due to the aforementioned change in product sales mix as a result of seasonal variations.
• Total expenses for the three-month period ended Aug. 31, 2023, were $514,506, an improvement from the $780,817 reported for the same three-month period last year, primarily due to a decrease in general and administrative expenses, and research and development costs.
• Net loss for the three-month period ended Aug. 31, 2023, was $426,946, an improvement as compared with the net loss of $647,887 reported for the same three-month period last year, primarily due to a decrease in operating expenses, particularly general and administrative expenses, marketing expenses, as well as research and development costs.
• Total assets for the period ended Aug. 31, 2023, were $1,129,035, from $1,441,003 reported for the annual period ended May 31, 2023.

Management commentary

"The first three months of the company's 2024 fiscal year saw it make significant gains in its overall level of cash-based expenses, while revenue generally held steady over the same period. Gross profit margin also improved significantly over the last quarter, which helped lower our net loss," said Kevin Cornish, president, interim chief executive officer and chief financial officer of G6 Materials.

"As recently announced, G6 is going through a period of change, but we are grateful to remain a debt-free company with recurring revenues from diverse group of loyal customers, valuable intellectual property in the form of seven granted patents and a simple capital structure. I would like to thank our employees, board of directors, shareholders, consultants, advisers and other stakeholders for their support during this time," added Mr. Cornish.

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 (IFRS), and the related notes thereon.

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 (R&D) 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 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 (intellectual property) portfolio currently comprising seven 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 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 air filtration enhanced with advanced performance graphene material;
• Conductive Epoxies: adhesive materials distributed under the G6-Epoxy trade name and can be purchased on-line;
• D Materials: Graphene Laboratories currently offers over 100 graphene and related products available on-line.

We seek Safe Harbor.