Mr. Craig Nicol reports

APPOINTS NEW CHIEF PRODUCTION GROWTH OFFICER AND PROVIDES UPDATE ON GLOBAL PRODUCTION PLANS

Graphene Manufacturing Group Ltd. has appointed Stuart Watson -- former global head of technical development for Rio Tinto Ltd. (ASX: RIO), one of the largest mining and mineral production companies in the world -- as chief production growth officer.

Mr. Watson has over 30 years of global leadership experience in metals and mining and oil and chemicals, including 20 years at Rio Tinto, across operations, sales and marketing, mergers and acquisitions and technology development and innovation.

Career highlights include:

• Leading and delivering multiple major transformation programs valued over $5-billion (U.S.) and merger and acquisition deals valued at $1-billion (U.S.);

• Directing $1-billion (U.S.) in global technology and research and development spend to create breakthrough growth options and projects;

• Building high-performing global teams across Asia, Europe and North America.

Stuart has a master of business administration (MBA) from Henley Management College, United Kingdom; is a chartered engineer from the Institute of Chemical Engineers (IChemE), has a masters of engineering, chemical engineering (first class honours) from Imperial College, University of London, and an Ecole Nationale Superieure d'Ingenieurs de Genie Chimique (ENSIGC), Toulouse, France.

Craig Nicol, chief executive officer and managing director of the company, commented: "We welcome Stuart to the GMG team. He is a great addition to the senior executive team for both executive leadership and delivery capability. I will enjoy working with Stuart to expand our production across our graphene and graphene products around the world."

Operations update

GMG is focused on delivering its Gen 2.0 graphene production project by end of June, 2026, which is expected to produce at least 10 tonnes per annum of graphene at its headquarters in Richlands, Queensland, Australia.

Once the Gen 2.0 project is commissioned and operating. GMG plans to replicate and establish other production plants around the world to enable scaled production for potential sales, diversify and lower production risks and in the end, reduce operating costs by locating the plant in countries with lower operating costs, including low cost natural gas -- one of GMG's key production input costs.

Currently, GMG is planning three potential expansion projects -- two in North America (potentially one in the United States and one in Canada) in addition to an expansion production project in Australia. GMG proposes to mature these projects and expand production in line with sales for all of its products.

The expansion program for GMG includes the following five production plants:

• Graphene production (from natural gas);

• Coating blend plant (for the graphene coating Thermal-XR;

• Lubricant blend plant (for the graphene lubricant additive G lubricant);

• Graphene slurry plant (for the Supa G lithium-ion battery additive)

• Battery assembly plant (for the graphene aluminum-ion battery).

About Graphene Manufacturing Group Ltd.

Graphene Manufacturing is an Australian-based clean-technology company which develops, makes, and sells energy saving and energy storage solutions, enabled by graphene manufactured via in-house production process. GMG uses its own proprietary production process to decompose natural gas (that is, methane) into its natural 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.

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