Mr. Arno Brand reports

GRATOMIC CLOSES FOURTH TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR TOTAL OF $3.48 MILLION RAISED TO DATE

Gratomic Inc. has completed the fourth tranche of its non-brokered private placement offering of up to 20 million working capital units at a price of 30 cents per working capital unit for gross proceeds of up to $6-million with the placement of 1.42 million working capital units for proceeds of $426,000. The Company has raised $3,476,980.50 to date.

Each WC Unit consists of one (1) Common Share and one (1) Common Share purchase warrant (a "WC Warrant"). Each WC Warrant entitles the holder to purchase one (1) Common Share (a "WC Warrant Share") at a price of $0.45 per WC Warrant Share until May 15, 2025.

The securities issued on this closing of the Offering are subject to a hold period expiring on September 16, 2023. Final closing of the remainder of the Offering is expected on or before May 26, 2023.

Proceeds from the Offering will be used for general working capital and for operating capital for the Company's Aukam Project.

One insider subscribed for 66,666 WC Units for proceeds of $20,000 on the fourth closing of the Offering. The insider private placement is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI 61-101") by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company issued to the insider does not exceed 25% of its market capitalization.

About Gratomic

Gratomic is a multinational company with projects in Namibia, Brazil, and Canada. Its aim is to become a leading graphite supplier and to secure a strong position in the electric vehicle (EV) battery supply chain through developing its flagship Aukam graphite mine and ongoing exploration at the Capim Grosso property. Gratomic will continue to explore graphite opportunities that show the potential to produce the specific flake size and purity required for active anodes.

Large quantities of high-quality vein graphite have been shipped for testing to confirm their suitability as anode material. Gratomic is confident that the test results will provide a unique competitive advantage in the desired target markets. The Company will continue to update the public on the status of these tests and will share results as they become available.

On the January 25, 2023 Gratomic announced that it had entered into a LOI with Graphex Technologies to supply graphite through existing facilities and develop a downstream processing facility in the continental US.

Gratomic has entered into a collaborative agreement with Forge Nano to use its patented atomic layer deposition (ALD) technology to coat the spherical graphite required in lithium-ion batteries.

We seek Safe Harbor.