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 July 11, 2025. 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 Sept. 30, 2026, the company issued a total of 575,630 ordinary shares on the TSX Venture Exchange at an average price of $2.374 per share under the ATM program, providing gross proceeds of $1,366,396.10. Commissions of $40,848.53 were paid to the agent in relation to these distributions, resulting in net proceeds to the company of $1,325,547.57.

For further details on the ATM program, see the company's news release dated July 11, 2025.

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 through in-house production process. Graphene Manufacturing 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, 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 Manufacturing has initially focused on graphene enhanced heating, ventilation and air conditioning coating (or energy saving coating), which is being marketed into other applications, including electronic heat sinks, industrial process plants and data centres. Another product Graphene Manufacturing has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, Graphene Manufacturing is working with financial support from the Australian government to progress research and development and commercialization of graphene ion batteries. Graphene Manufacturing has also developed a graphene additive slurry that is aimed at improving the performance of lithium-ion batteries.

Graphene Manufacturing's four critical business objectives are:

1. Produce graphene and improve/scale cell production processes;
2. Build revenue from energy saving products;
3. Develop next-generation battery;
4. Develop supply chain, partners and project execution capability.