Mr. Craig Nicol reports

GRAPHENE MANUFACTURING GROUP ISO 9001:2015 CERTIFICATION, DEMONSTRATING COMMITMENT TO QUALITY MANAGEMENT

Graphene Manufacturing Group Ltd. has successfully passed the ISO 9001:2015 audit and is now certified to be in compliance with this internationally recognized standard for quality management systems. This achievement underscores the company's commitment to providing its customers with the highest-quality products and services, while continuously improving its internal processes.

The ISO 9001 certification process involved a rigorous assessment of Graphene Manufacturing's quality management system, covering all aspects of its operations, from customer service to production, delivery and technical support. The successful audit demonstrates that Graphene Manufacturing's system meets the stringent requirements of the ISO 9001 standard that are designed to ensure consistent quality and customer satisfaction.

The benefits of ISO 9001 certification for Graphene Manufacturing include:

• Enhanced customer satisfaction through improved product and service quality;
• Increased efficiency and productivity through optimized processes;
• Reduced costs through minimized errors and waste;
• Improved decision-making through data-driven insights.

Graphene Manufacturing is committed to maintaining its ISO 9001 certification and continuously improving its quality management system. The company plans to conduct regular internal audits and reviews to ensure that its system remains effective and aligned with the latest standards.

Graphene Manufacturing's managing director and chief executive officer Craig Nicol commented: "We are extremely proud to achieve ISO 9001 certification. This certification is a testament to our dedication to quality and continuous improvement. We are confident that this will further strengthen our relationships with our customers and partners and open more opportunities."

Additionally, the company would like to clarify the terms of an investor relations agreement with Focus Communications Investor Relations Inc., a company existing under the laws of Ontario, dated July 1, 2023, previously detailed in the news release dated July 18, 2023.

Pursuant to the Focus agreement, Focus will provide investor relations services to Graphene Manufacturing for a three-year term, subject to early termination in certain events. The options previously detailed in the July 18, 2023, news release will vest and become exercisable over a 12-month period and have a term of three years.

RSU and options grants

The company is also pleased to announce that following the annual external remuneration review, its board of directors has approved the grant of an aggregate of 685,530 restricted share units (RSUs) and 1.4 million share options to certain officers and directors of the company pursuant to its restricted share and performance share plan and the stock option plan. The RSUs and options will vest in accordance with the attached schedules.

When vested, each RSU entitles the holder thereof to receive one share or the equivalent cash value thereof.

About Graphene Manufacturing Group Ltd.

Graphene Manufacturing is a disruptive Australian-based clean-tech company listed on the TSX Venture Exchange that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, it can produce high-quality, scalable, tuneable and no-/low-contaminant graphene -- enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low-input-cost source of graphene, the company is developing value-added products that target the massive energy efficiency and energy storage markets. The company is pursuing additional opportunities for Graphene Manufacturing graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lubricant oil and performance-enhanced HVAC-R (heating, ventilation, air conditioning, refrigeration) coating system.

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