Mr. Craig Nicol reports

GRAPHENE MANUFACTURING GROUP COMMISSIONS MODULAR GRAPHENE PRODUCTION PLANT

Graphene Manufacturing Group Ltd. is commissioning its cutting-edge natural gas to graphene production plant and manufacturing facility at Richlands, Australia.

The facility is based on the company's plasma technology, with which the company's existing production plant has been making graphene for over five years, however, this new plant is built in a modular fashion, which can allow more production units to be installed as the sales of company's products grows.

Graphene expects to be able to install at least an additional 20 graphene production units in the Richlands manufacturing facility, with most of the supporting infrastructure for these additional production units already installed as part of this initial project.

The details of the new modular graphene production plant:

• Technology is based on Graphene Manufacturing Group's self-developed plasma technology which splits natural gas into graphene and hydrogen gas.
• The production plant's automation allows for repeatable graphene quality, higher plant reliability and lower operator time.
• The graphene production technology has been developed internally by Graphene Manufacturing staff and continuously optimized over the past five years to be able to make the different graphene required for Graphene's end products -- including Thermal-XR, G Lubricant and graphene aluminum ion battery.
• The company expects that graphene production from both its existing plant and this newly started up plant will be adequate for next year's production.
• The expected final cost of the facility is approximately $2.9-million (Australian) -- which also includes the infrastructure for other future modular production units.
• More production units will be installed as required for the company's sales.
• The modular plant can be built in various locations around the world, for example in North America where natural gas cost is low and abundantly available, significantly reducing the cost of the graphene. At scale, the Graphene Manufacturing Group graphene production process will produce large amounts of hydrogen.

Craig Nicol, Graphene's managing director and chief executive officer, commented: "We are very excited to have started up this new modular graphene manufacturing plant -- it is a significant milestone for the company. It uses GMG's self-developed cutting-edge plasma technology which creates the high-quality graphene GMG's end products need to deliver their astounding benefits."

Thermal-XR EPA (Environmental Protection Agency) update

The United States Environmental Protection Agency has requested a 30-day extension to review the Graphene/Nu-Calgon premanufacture notice (PMN) for the Thermal-XR power GMG Graphene low-volume exemption (LVE) application to be able to sell Thermal-XR into the United States. The extension will allow the EPA to continue its assessment of the detailed submission put forward by Graphene and Nu-Calgon. Graphene is expecting a decision on the PMN LVE to be finalized in the first quarter of 2024.

About Graphene Manufacturing Group Ltd.

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

Graphene has developed a proprietary production process to decompose natural gas (that is, methane) into its elements -- carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high-quality, low-cost, scalable, tuneable and low-/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 research and development, and commercialization of graphene aluminum-ion (G+AI) batteries.

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