Mr. Craig Nicol reports

GMG ANNOUNCES ANNUAL GENERAL MEETING RESULTS AND PROVIDES CHAIRMAN OVERVIEW AND CEO UPDATE

In connection with the annual general meeting of Graphene Manufacturing Group Ltd.'s shareholders that was held both virtually and in person on Nov. 25, 2024, the following voting results were obtained.

A total of 40,947,619 common shares representing 42.31 per cent of the company's issued and outstanding common shares were voted in connection with the meeting. At the meeting, shareholders re-elected four current directors: Craig Nicol, Jack Perkowski, Bob Galyen and Andrew Small. Shareholders also voted in favour of the other items of business considered at the meeting, which included the renumeration and appointment of BDO Audit Pty. Ltd. and the approval of the company's 10-per-cent stock option plan.

During the annual general meeting, Jack Perkowski, chairman of Graphene Manufacturing, and Craig Nicol, managing director and chief executive officer, delivered a corporate update for shareholders in attendance.

About Graphene Manufacturing Group Ltd.

Graphene Manufacturing is an Australian-based cleantech 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, Graphene Manufacturing can produce high-quality, low-cost, scalable, tunable and no/low-contaminant graphene -- enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/cleantech applications. Using this and other sources of low-input cost graphene, the company is developing value-added products that target the massive energy efficiency and energy storage markets.

The company is pursuing opportunities for Graphene Manufacturing graphene enhanced products, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance and energy efficiency of engine oils, biodiesel and diesel fuels.