Mr. Craig Nicol reports

GMG STARTS PROCESS TO BE QUOTED ON THE USA BASED OTCQX TRADING PLATFORM

Graphene Manufacturing Group Ltd. has engaged a capital markets adviser for the application for quotation of the company's securities on the OTCQX, an over-the-counter (OTC) public market in the United States. Graphene Manufacturing's shares will remain listed on the TSX Venture Exchange under the ticker GMG and quoted on Frankfurt Stock Exchange under the trading symbol 0GF. Certain Graphene Manufacturing warrants trade on the TSX-V under the ticker GMG.WT.

The OTCQX is the top tier of OTC markets and offers trading in the securities of companies that are not listed on senior exchanges in the United States. Companies quoted on the OTCQX must meet high financial standards, follow best practices for corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosures and have a professional third party sponsor introduction. The two lower-tier venues for OTC trading in the U.S. are the OTCQB and the OTC Pink Open Market. Graphene Manufacturing's shares currently trade on the OTC Pink Open Market under GMGMF.

Graphene Manufacturing's managing director and chief executive officer, Craig Nicol, commented: "We are genuinely excited with this next step in the company's maturation. GMG believes a quotation on the OTCQX will increase its share liquidity by enabling easier share trading for USA investors. This listing is part of GMG's North American development program, which progresses the alignment of capital and customer markets and partnering opportunities."

Graphene Manufacturing's chairman and non-executive director, Jack Perkowski, commented, "This move is in line with GMG's aim to increase its presence in North American capital markets, for which it is evaluating further listing options beyond the OTCQX quotation."

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 via a proprietary production process.

Graphene Manufacturing has developed a proprietary production process to decompose natural gas (such as methane) into its elements, carbon (such as graphene), hydrogen and some residual hydrocarbon gases. This process produces high-quality, low-cost, scalable, tuneable, and low- or no-contaminant graphene suitable for use in clean technology and other applications. The company's present focus is to derisk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, Graphene Manufacturing has focused on graphene-enhanced heating, ventilation and air conditioning (HVAC-R) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, Graphene Manufacturing and the University of Queensland are working collaboratively with financial support from the Australian government to progress R&D and commercialization of graphene aluminum-ion (G+AI) batteries.

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