Mr. Craig Nicol reports

GMG PROVIDES UPDATE ON MODULAR GRAPHENE PRODUCTION PLANT & CAPITAL EXPENDITURE

Graphene Manufacturing Group Ltd. has provided a business update on its recently commissioned modular graphene production plant at Richlands, Australia.

The newly commissioned graphene production plant has been operating and producing Graphene since its commissioning date in December, 2023.

The performance of the production unit has exceeded the company's expectations in both graphene production rate and graphene quality. The company continues to perform minor optimizations with this new production plant which have both increased production yield and quality of the graphene.

The company has also authorised a total of $250,000 (Australian) of capital expenditure for new equipment for quality assurance and quality control purposes of the company's graphene for its graphene aluminum ion battery and its liquid graphene products, Thermal-XR and G lubricant. The equipment being procured by the company includes: a Raman spectrometer and a particle size analyzer, amongst others. These are sophisticated analytical and characterization laboratory equipment which will be operated by Graphene Manufacturing scientists and technicians. To date the company has been fortunate to work with various universities to obtain this analysis. Once the equipment is procured, delivered, commissioned and operational the company will largely be self-sufficient on testing of its nano materials.

Graphene Manufacturing's managing director and chief executive officer, Craig Nicol, commented: "We are very excited to see the new modular plant exceed expectations in terms of graphene production and quality. The expansion of our graphene characterization equipment will also reduce learning loop times for optimization projects where we no longer have to wait for university equipment access. The graphene production system uses GMG's self developed innovative plasma technology which creates the high-quality graphene GMG's end products need to deliver their notable benefits."

Graphene Manufacturing's chairman and director, Jack Perkowski, commented: "It is great to see the company's production technology maturing to this point as this is GMG's fundamental core competency. Ongoing graphene production and characterization developments will only support the company's ability to develop and provide its useful liquid graphene products and graphene aluminum ion battery."

About Graphene Manufacturing Group Ltd.

The company is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

Graphene Manufacturing has developed a proprietary production process to decompose natural gas (in example, methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high-quality, low-cost, scalable, tuneable 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 focused on graphene enhanced heating, ventilation and air conditioning (HVAC-R) coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, Graphene Manufacturingg and the University of Queensland are working collaboratively with financial support from the Australian government to progress R&D (research and development) and commercialization of G+AI batteries.

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