Mr. Guy Bourgeois reports

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

G6 Materials Corp. has filed its unaudited financial results for the second quarter of the fiscal year ending Nov. 30, 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 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, 2023, was $298,022, a decrease from the $490,527 reported for the same three-month period last year, due to a change in product sales mix.
• Gross profit for the three-month period ended Nov. 30, 2023, was a loss of $9,242, an improvement from the loss of $39,467 reported for the same three-month period last year, due to a relative decrease the cost of goods sold on a year-over-year basis.
• Total expenses for the three-month period ended Nov. 30, 2023, were $427,712, a significant improvement from the $872,419 reported for the same three-month period last year, primarily due to a large decrease in general and administrative expenses.
• Net loss for the three-month period ended Nov. 30, 2023, was $436,954, a significant improvement to the net loss of $911,886 reported for the same three-month period last year , as the company continued with reduced expenditures to preserve cash.
• Total assets for the period ended Nov. 30, 2023, were $832,321, from $1,441,003 reported for the annual period ended May 31, 2023.

Management commentary

"In line with the previous quarter, G6's second fiscal quarter of 2024 saw a noteworthy decrease in the company's year-over-year cash-based expenses. This prudent financial strategy was imperative during a transitional phase for the organization, marked by the formulation and ongoing implementation of a new competitive strategy under the leadership of our new management team," stated Guy Bourgeois, chief executive officer and director of G6 Materials. "Assuming the role of the new strategic leader at G6, after an appropriate tenure as an independent board member, is an honour. Together with the board, we will optimize G6's revenue stream, operations and position the company strategically to leverage lucrative opportunities in the advanced materials space," Mr. Bourgeois added.

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.

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) 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 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.

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