Mr. Craig Nicol reports

GMG APPOINTS NU-CALGON AS THERMAL-XR(R) DISTRIBUTOR FOR NORTH AMERICA

Graphene Manufacturing Group Ltd. has signed a Thermal-XR distribution agreement with Nu-Calgon Wholesaler Inc. Nu-Calgon is the leading heating ventilation air conditioning and refrigeration (HVAC-R) specialty chemical supplier in North America and will partner with Graphene Manufacturing to provide Thermal-XR to the HVAC-R markets in the United States, Mexico, Canada and the Caribbean.

Nu-Calgon, formerly Calgon Corp. and Calgon Vestal Laboratories, has been a leader in North America's HVAC-R aftermarket for over 70 years. It is strategically headquartered in St. Louis, Miss., where it distributes its products to thousands of distribution and stocking locations. Thermal-XR allows Nu-Calgon to continue distributing HVAC-R coatings to its existing distributors with the added value of graphene-enhanced superior heat transfer and corrosion protection.

Graphene Manufacturing is in the process of obtaining U.S. EPA (Environmental Protection Agency) approval for the Thermal-XR and is reviewing the requirements for Canada, Mexico and the Caribbean countries.

Graphene Manufacturing's managing director and chief executive officer, Craig Nicol, stated: "We are excited to work with one of the best HVAC-R speciality chemical companies in the North America market with the goal of increasing revenue from our energy savings solutions -- one of our key objectives for 2023. Nu-Calgon has a great distribution network, a system to train contractors and deploy Thermal-XR and many years of industry experience. Both parties plan to announce the partnership in more detail as the formal launch date is finalized later this year. I commend the GMG team led by Mark Lock, the general manager of sales, and GMG's North American representative, Steve Hutchcraft, for their leadership."

DeWight Wallace, Nu-Calgon's president, commented: "We are very pleased to work with GMG on introducing the Thermal-XR product into the HVAC-R markets for North America -- we are always looking for new and innovative technologies and solutions for the HVAC-R market. Thermal-XR is a great fit and will help contractors provide real energy savings to the end user. We are excited to launch this product through our existing distribution network in early 2024 and look forward to providing its energy saving opportunities for our customers."

Graphene Manufacturing's four critical business objectives are:

1. Produce graphene and improve/scale production process;
2. Build revenue from energy savings products;
3. Develop next-generation battery;
4. Develop supply chain, partners and project execution capability.

About Graphene Manufacturing Group Ltd.

Graphene Manufacturing is a clean technology company that seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house through a proprietary production process.

We seek Safe Harbor.