Mr. Craig Nicol reports

GRAPHENE MANUFACTURING GROUP PROVIDES QUARTERLY ATM SALES UPDATE

Graphene Manufacturing Group Ltd. has provided a quarterly update with respect to the company's previously announced at-the-market equity program launched on June 13, 2024. The ATM program allows the company to issue and sell, from time to time, up to $20-million of its ordinary shares from treasury to the public, at the company's discretion, pursuant to an equity distribution agreement between the company and Cantor Fitzgerald Canada Corp.

During the quarterly period ended March 31, 2025, the company issued a total of 866,500 ordinary shares on the TSX Venture Exchange at an average price of 79.65 cents per share under the ATM program, providing gross proceeds of $690,196.80. Commissions of $20,705.90 were paid to the agent in relation to these distributions, resulting in net proceeds to the company of $669,490.90.

For further details on the ATM program, see the company's news release dated June 14, 2024.

About Graphene Manufacturing Group Ltd.

Graphene is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house through 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, tunable 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 has focused on graphene enhanced heating, ventilation and air conditioning coating (or energy-saving paint), lubricants, and fluids. In the energy storage segment, Graphene and the University of Queensland are working collaboratively with financial support from the Australian government to progress research and development and commercialization of graphene plus aluminum-ion batteries.