Mr. Arno Brand reports

GRATOMIC CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FOR TOTAL OF $4.6 MILLION RAISED

Gratomic Inc. has completed the final tranche of its non-brokered private placement offering of working capital units (WC units) at a price of 30 cents per WC unit with the placement of 1,515,000 WC units for gross proceeds of $454,500. The Company raised a total of $4,602,689.40 pursuant to the Offering.

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 between May 26 and May 29, 2025.

A finder's fee of $16,800 was paid to an eligible intermediary and 56,000 broker warrants ("Broker Warrants") were issued. Each Broker Warrant entitles the holder to purchase one (1) common share of the Company at a price of $0.45 until May 29, 2025.

The securities issued on this closing of the Offering are subject to a hold periods expiring between September 27 and September 30, 2023.

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

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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.

For more information: Visit www.gratomic.ca or contact:

Arno Brand at abrand@gratomic.ca or (416) 561- 4095

Sign up at gratomic.ca/contact/ to be added to our email list.

For marketing and media information, please email: info@gratomic.ca

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