Mr. Daniel Stolyarov reports

GRAPHENE 3D CLOSES NON-BROKERED PRIVATE PLACEMENT FINANCING

Graphene 3D Lab Inc. has closed the previously announced non-brokered private placement, which was further increased to 4.3 million units at 25 cents per unit, raising $1,075,000 in gross proceeds. Each unit consists of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of Graphene 3D at a price of 30 cents per share until Dec. 18, 2017. Graphene 3D has paid cash finders' fees equal to 7 per cent of the gross proceeds raised in connection with the financing to arm's-length finders, in accordance with the policies of the TSX Venture Exchange. All of the securities issued pursuant to this offering have a hold period expiring April 19, 2016.

The net proceeds of this financing will be used for expansion of the company's business and for general working capital purposes.