Mr. Simon Marcotte reports

BLACK SWAN GRAPHENE ANNOUNCES SHIPMENT FOR INDUSTRIAL PARK CONCRETE POUR

Black Swan Graphene Inc. has made a shipment of product to Nationwide Engineering Research & Development (NERD) for an upcoming concrete pour in the United Kingdom.

This commercial shipment follows the announcement of a partnership between Black Swan, NERD and Arup Group Ltd., aimed at providing an integrated supply chain and a turnkey solution to the concrete and construction industries.

The upcoming concrete pour will use Black Swan's graphene product in a total of 180 tonnes of concrete for the construction of an industrial park near Redruth, southwest England. The industrial park will offer 14 industrial units ranging from 2,500 and 3,500 square feet, with the graphene-enhanced concrete being used for the external concrete aprons. This is the second time this developer has used the technology provided by NERD, having previously used it in the construction of an industrial park in Warminster, approximately 170 kilometres west of London, United Kingdom.

Rob Hibberd, president and chief executive officer of NERD, commented: "We're thrilled to announce another commercial concrete pour using our innovative graphene-enhanced Concretene. This endeavour not only speaks to the positive response and interest in our proposition but is yet another opportunity to monitor the long-term real-life performance of our product. We look forward to continuing to innovate and collaborate with our partners to deliver cutting-edge solutions to the construction industry."

Corporate matter

The company has granted, to a recently hired officer, 500,000 stock options exercisable at a price of 17 cents per share for a period of five years from their date of grant (May 2, 2023). These options are subject to vesting as to one-third immediately upon grant and one-third on each of the first and second anniversary of the grant.

About Black Swan Graphene Inc.

Black Swan is focused on the large-scale production and commercialization of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete, polymers, lithium-ion batteries and others, which are expected to require large volumes of graphene.

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