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BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V: GMG) (“GMG” or the “Company”) is pleased to release further results of Energy Savings Tests on a 4.3kw refrigeration system and Heat Transfer demonstrations on Aluminium and Copper. The results provide additional confidence in the potential benefits of THERMAL-XR® (TXR) in a range of applications.

ENERGY SAVINGS WHEN THERMAL-XR® APPLIED TO A NEW CONDENSER COIL

In their ISO-approved facilities, GMG’s testing partner Supercool Asia Pacific Pty Ltd undertook two comparison tests to assess the impact of TXR in enhancing the operating efficiency of a cooling system. The equipment used in the tests was a new customised 4.3kW Refrigeration Unit with an electronic expansion valve with variability disabled (Figure 1 outlines the test room layout). The pre-TXR-treated condenser coil had an existing industry standard coating (as seen in Figure 2), on which tests were run. This condenser coil was then coated with TXR (as seen in Figure 2) and the same tests were run again.

Figure 1: Test room for both comparison tests

Figure 2: Condenser Coil Prior to THERMAL-XR® Coating (left) and
Condenser Coil Post THERMAL-XR® Coating (right)

The first comparison test conducted was a Pull Down Test which assessed the time and energy required to reach a set temperature of 2⁰C in the heat controlled room with an initial set temperature of 30⁰C, controlled constant humidity level, and an outdoor temperature of 35⁰C. This simulates a typical cold storage room with traffic subject to heat losses and required to cool down on multiple occasions to the set temperature. The quicker time to reach the set point cooling temperature, under the same conditions, highlights a reduction in energy consumption for the THERMAL-XR® coated condenser coil.

As seen in Table 1 the THERMAL-XR® coated coil resulted in 15.7% Energy Savings and a 16.1% time savings for the Pull Down test.

Table 1: Pull Downtime and energy consumed prior to and post TXR coating.

The second comparison test was an uninterrupted 48-hour Temperature Cycle test. This tests the impact of TXR on maintaining a constant set point temperature (for example where there is no periodic access to a cool room). The test measured the energy required over a 48-hour period to keep a cooling set temperature of 2⁰C in a heat-controlled room with an outside temperature of 35⁰C and controlled constant humidity level. The lower amount of energy required by the THERMAL-XR® coated unit, under the same conditions, highlights the energy savings.

Table 2 shows the THERMAL-XR® coated coil delivered 4.69% Energy Savings for the 48-hour Temperature Cycle test.

Table 2: 48 Hour Cycle Energy Test Prior to vs Post TXR Coating

Full test results will be available on GMG’s website.

Craig Nicol, GMG’s CEO summarised as follows “The Energy Savings results of THERMAL-XR® in an independent, third party, ISO-accredited testing laboratory with two testing methodologies is very exciting. The graphene-enhanced heat transfer properties of THERMAL-XR® have demonstrated that the performance of a new coil can be enhanced. This has significant potential for our targeted market of new air conditioners or Original Equipment Manufacturers (OEMs), as well as our existing target market of installed air conditioners. It also helps put into context those GMG projects where results on old equipment have achieved even higher energy savings.”

HEAT TRANSFER VERIFICATION

GMG has also been working with potential industrial customers to demonstrate the potential for improved heat management through the application of TXR. As part of this demonstration programme, GMG has commissioned the University of Queensland Materials Performance Consultancy to verify a number of heat transfer demonstrations.

GMG is pleased to report that the University of Queensland Materials Performance Consultancy (“UQMP”) verified that GMG’s THERMAL-XR®, demonstrations and results, when applied to Copper and Aluminium, changed the surface temperature when operating between 70⁰C and 90⁰C.

Copper Top Side Coating: Surface Temperature Reduction ~16%

As seen in Figure 3 GMG’s THERMAL-XR®, when applied to a Copper plate, reduces the surface temperature by ~16% when operating between 70⁰C and 90⁰C compared with an uncoated plate. The chart below shows the temperature differences due to GMG’s THERMAL-XR® when applied on a Copper plate with the same heat load.

As seen in Figure 4, when the THERMAL-XR® coating was applied to the top side copper plate, greater heat transfer was observed away from the common heat source (compared to the panel with no coating). Furthermore, the non-coated underside of the coated panel – being the side directly exposed to the heat source – remained approximately 16% cooler than the heat-exposed side of the uncoated panel, within the temperature range of 70°C to 90°C.

Figure 3: Temperature Reduction of TXR coating vs Uncoated

Figure 4: GMG’s demonstration of THERMAL-XR® coating increases
heat transfer when applied to Copper.

Aluminium top side Coating: Surface Temperature Reduction ~15%

GMG previously reported the UQ had verified a ~ 15% reduction when TXR was applied to the top side of aluminium, compared to un-TXR coated material (please refer to press release of 20th December 2022).

Underside Coating | Aluminium and Copper: Surface Temperature Increase

In addition to these two ‘top side’ coating tests, GMG is also pleased to release the results of testing of GMG’s THERMAL-XR® applied on the underside of both Aluminium and Copper (see Table 4), where the result was to see the underside of the plates increase in temperature, again following the same testing methodology.

Table 3: Temperature Increase from TXR Coating Underside.

Summary of All Results to Date for TXR coating of Aluminium and Copper, either top side or underside

These results, shown in Figure 5, are very encouraging in outlining the application of TXR for various heat management applications creating the potential for operating efficiency and / or energy savings.

Figure 5: Temperature Increases and Decreases with TXR on Copper and Aluminium

Relevance to Heat Exchangers in Air Conditioners and Industrial Applications

Copper and Aluminium are key metals used in HVAC-R equipment. This demonstration highlights that the external (top side) coating of the metal with THERMAL-XR® can improve heat transfer, potentially leading to Energy Savings because of reduced compressor and fan utilisation.

Relevance to Other Potential Applications

The coating of metal with THERMAL-XR® exposed to a heat source (Under side coating) can potentially act as a heat sink to keep heat within a requirement.

“GMG’s THERMAL-XR®’s ability to increase and reduce heat transfer is clear in this simple demonstration with operating temperatures between 70°C to 90°C. The graphene-enhanced heat transfer properties of THERMAL-XR® seemingly outweigh the traditional insulating effect of coatings when cooling. GMG believes the ability to increase or reduce temperature with a simple application of the technically advanced THERMAL-XR® can significantly contribute to improved performance and efficiency while reducing energy demand in a wide range of applications,” stated by Managing Director and CEO, Craig Nicol.

THERMAL-XR® powered by the GMG Graphene coating system is a unique method of improving the conductivity of heat exchange surfaces, resulting in an efficiency improvement and a potential power reduction when applied to air conditioning condenser coils or other industrial processes needing heat transfer.

The performance of existing air conditioners can also be increased with THERMAL-XR® process fluids (PREP and ACTIVATE) which clean and remove corrosion on the coil before applying the THERMAL-XR® RESTORE.
GMG is undertaking further assessments on other metals used in heat transfer applications and at various temperature settings and will publish market updates from time to time on these.

GMG is working with a number of companies globally including four recently signed distributors in Asia (announced 24th May 2023) and direct sales for the HVAC-R maintenance market. Furthermore, GMG is engaging with various companies for direct selling of THERMAL-XR® for industrial applications with high energy requirements, and high emissions – including oil and gas production, power generation, liquified natural gas production, mining, and mineral processing.

In addition, a number of customers are interested in the protective features of TXR graphene-enhanced coating, especially in harsh environmental conditions.

GMG’s 4 critical business objectives are:
1. Produce Graphene and improve/scale the production process
2. Build Revenue from Energy Savings Products
3. Develop Next-Generation Battery
4. Develop Supply Chain, Partners & Project Execution Capability

About The University of Queensland Materials Performance (UQMP)

UQ Materials Performance was founded in 1998 and has since grown to become one of Australia’s leading materials engineering consultancies. Our mission statement:

UQ Materials Performance serves the needs of society by applying research methodologies to answer technical questions. UQMP strengthens UQ research by building relationships of trust with industry partners, systematising knowledge gained in short‐term projects, generating seed funding, and by direct involvement in structured research. UQMP inspires student learning by generating professional case studies which show their discipline in action.

UQMP has a dedicated team of engineers and industrial chemists with a wide range of experience and specialty skills. Our diverse and cross-disciplinary problem-solving approach also brings fresh perspectives to projects. Our team works closely together with our clients to clearly understand, define and tackle problems in a systematic yet direct manner. Our access to the world-class facilities of The University of Queensland puts us at the forefront of analytical science and engineering.

UQ Materials Performance operates out of The University of Queensland Advanced Engineering Building. We share the building with the Centre for Advanced Materials Processing and Manufacturing (AMPAM) and the School of Civil Engineering, allowing close collaboration on consulting and research projects.

About GMG
GMG is a disruptive Australian-based clean-tech company listed on the TSXV (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets. The Company is pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lubricant oil and performance-enhanced HVAC-R coating system.

For further information please contact:
• Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
• Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

www.graphenemg.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, the impact of THERMAL-XR® on heat transfer and its potential applications and expected performance, management’s expectations of the effects of Thermal-XR®, the intention of the Company to research, develop and produce certain products, and the Company’s intention to engage third parties to assist in the distribution and sale of its products and statements.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the ability of the Company to achieve the expected results of its THERMAL-XR®, that the Company will be able to research, develop and produce certain products as anticipated, and that the Company will be able to engage third parties and develop relationships to assist in the development, distribution and sale of its products. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the Company will not be able to use THERMAL-XR® as expected or the performance, safety profile and production and maintenance requirements of the THERMAL-XR® coating system will not be consistent with management’s expectations, the impact of Thermal-XR® will not be consistent with management’s expectations, the Company will not be able to research, develop and produce certain products, the Company will not be successful in engaging third parties and developing relationships to assist in the development, distribution and sale its products, public health crises such as the COVID-19 pandemic may adversely impact the Company’s business and the ability of the Company to develop its products, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 18, 2022 available for review on the Company’s profile at www.sedar.com.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG” or the “Company”) is pleased to announce that GMG has signed distribution agreements with four separate distributors (“Distributors”) to buy GMG’s THERMAL-XR® and resell in their respective countries in the Heating Ventilation Air Conditioning and Refrigeration (HVAC-R) markets. The Distributors are focused on the following geographical markets: Thailand, Singapore, Indonesia and South Korea.

GMG and certain of the Distributors have successfully completed several THERMAL-XR® HVAC-R projects in South East Asia to provide case studies that illustrate the product’s local benefits and customer value proposition in these countries.

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are excited to be signing up our initial distributors in Asia to build revenue in Energy Savings – one of our key objectives for 2023. We look forward to continuing to work with the Distributors – each a valuable partner for the sale of THERMAL-XR® going forward.”

Guy Outen, GMG’s Chair, commented: “I am very pleased to see these first distributor agreements in Asia – they display confidence in the potential benefit of TXR to existing and new customers of our new distributor partners. I commend the GMG team led by Mark Lock the General Manager of Energy Savings and Senior Business Development Manager Arthur Yen for their leadership.”

GMG’s 4 critical business objectives are:
1. Produce Graphene and improve/scale production process
2. Build Revenue from Energy Savings Products
3. Develop Next-Generation Battery
4. Develop Supply Chain, Partners & Project Execution Capability
About GMG

GMG 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.

GMG has developed a proprietary production process to decompose natural gas (i.e. 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 de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG 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, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries (“G+AI Batteries”).

For further information, please contact:

• Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
• Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the viability of completed THERMAL-XR® HVAC-R projects in South East Asia to serve as case studies which demonstrate the value of GMG’s products, that additional distributors in Asia will enter into Distribution Agreements , the impact of the Distributor Agreements on revenue in Energy Savings, the influence of the partnerships with the Distributors on the sale of THERMAL-XR®, and the business objectives of the Company in 2023 and beyond.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company’s resources, that the case studies will not convey the benefits of the Company’s products in South East Asia, that the effect of the Distributor Agreements on revenue in Energy Savings with differ from management’s current expectations, that GMG’s objectives in 2023 and beyond will diverge from its current objective, that no additional Distribution Agreements will be reached, and that the value of the partnerships with the Distributions will not align with management’s expectations.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the market demand for the Company’s products, that case studies will demonstrate the benefits of the Company’s products, that additional Distributors will enter into Distributor Agreements, that Distributors will have a direct impact on the Company’s revenue in Energy Savings, and that the partnerships with the Distributors will impact the sale of THERMAL-XR® going forward.

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG” or the “Company”) is pleased to announce that GMG and Rio Tinto have signed a binding Joint Development Agreement (“JDA”) with the goal of accelerating the development and application of GMG’s Graphene Aluminium-Ion batteries in the mining and minerals industry. Rio Tinto will contribute technical and operational performance criteria and A$6 million, in exchange for preferential access rights.

Rio Tinto has put the net zero transition at the heart of its business strategy: combining investments in commodities that enable the energy transition with actions to decarbonise their operations and value chains. The JDA seeks to support the accelerated development of GMG’s Graphene Aluminium-Ion Batteries for use in heavy mobile equipment and grid energy storage applications in the mining and mineral industry.

The JDA builds on the existing collaboration for Rio Tinto to explore the use of GMG’s Energy Saving and Energy Storage solutions (see Company announcement on 18 May 2022). This JDA is effective immediately and is expected to last 2 years with payments spread over the term of the agreement. The JDA aims to co-develop GMG’s Graphene Aluminium-Ion battery pouch cell into an initial battery pack/module proof of concept.

Rio Tinto will seek to involve Original Equipment Manufacturers (OEM), including Heavy Mobile Equipment OEMs, to work with GMG and Rio Tinto to align the battery pack development with end use requirements.

Success could see performance enhancements for Rio Tinto, including faster charging and longer-life batteries for heavy mobile equipment and grid energy storage, as well as supporting Rio Tinto’s decarbonisation ambitions.

GMG will retain ownership of the intellectual property of the GMG Graphene Aluminium Ion Battery Pouch Cell and Battery Pack. On successful completion of the joint project, Rio Tinto would have the right to procure and use the batteries in their operations.

Rio Tinto Chief Scientist, Nigel Steward, said, “We are excited to expand and deepen our partnership with GMG. We both share a vision of a low-carbon future and for Rio Tinto it’s a crucial time to partner with companies like GMG to accelerate battery technology and innovation. We are looking forward to continuing our collaboration and leveraging our combined expertise and resources to develop a truly green battery that has the potential to improve the way we supply and store energy.”

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are excited to be collaborating with Rio Tinto, one of the world’s largest mining companies who are committed to leveraging leading technologies for efficient and low carbon operations. The collaboration with Rio Tinto on the applications of Graphene Aluminium-Ion batteries is a key step for GMG. Together, with the existing technical and supply chain partnerships already established, this is another important step towards GMG’s goal to become a major global supplier of next generation batteries as we continue to de-risk the commercial scale up of this technology.”

Guy Outen, GMG’s Chair, commented: “I am very pleased to further deepen our partnership with Rio Tinto. I believe the opportunity to work closely with them given their capability and drive as a large potential customer to access leading new technologies will greatly assist the potential development of our next generation Graphene Aluminium-Ion batteries. More broadly, significant customer feedback to GMG has reinforced the opportunity of the pouch cell battery format and this JDA with Rio Tinto is another example. We’ll now re-prioritise our energies to developing this form of battery which should further support progress towards our aim of a commercial, large scale, highly competitive battery.”

About Rio Tinto

Rio Tinto is a leading global mining and materials company. Rio Tinto operates in 35 countries and produces iron ore, copper, aluminium, critical minerals and other materials needed for the global energy transition and for people, communities, and nations to thrive. They have been mining for almost 150 years and operate with knowledge built up across generations and continents. Rio Tinto’s purpose is finding better ways to provide the materials the world needs – striving for innovation and continuous improvement to produce materials with low emissions and to the right environmental, social and governance standards.

About GMG

GMG 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.

For further information, please contact:
– Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
– Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding Rio Tinto’s contribution to the JDA and the expected benefit thereof, the impact of the JDA on the development of the Company’s Graphene Aluminium-Ion Batteries, the development of GMG’s pouch cell, the potential involvement of OEM, the duration of the JDA, and the benefits derived from the JDA and the partnership with Rio Tinto more generally.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company’s resources, including that the JDA will not result in the benefits management expects, that the Company’s products will not develop as expect, that the impact of the JDA and the partnership with Rio Tinto will differ from management’s expectations, that OEM will not assist in aligning the battery pack development with equipment requirements, changes to regional and global market trends, and that the Company will be unable to research, develop and produce certain products and technologies.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company’s development of certain products, the market demand for the Company’s products, that the JDA will benefit both the Company and Rio Tinto, that the partnership with the Company and Rio Tinto will proceed and produce the benefits expected, that OEM will assist in aligning battery pack development with equipment requirements, the duration of the JDA, the Company’s ability to research, develop and test its products within anticipated timelines, and market demand for the Company’s products.

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG” or the “Company”) is pleased to announce the following business update of its ENERGY SAVINGS portfolio product – THERMAL-XR® (TXR) powered by GMG Graphene.

THERMAL-XR® is the Company’s proprietary graphene enhanced heat transfer product that provides potential ENERGY SAVING benefits in a wide range of applications. Since the recent Australian Government approval for GMG to produce and sell THERMAL-XR® at scale, the Company has driven sales activities and bolstered related production capacity. Important first sales at scale have recently been secured and the Company’s efforts to widen potential market segments is finding positive reception providing strong encouragement for continued sales focus targeting near term notable revenues.

GMG sales of THERMAL-XR® in the Heating, Venting and Air-Conditioning-Refrigeration (HVAC-R) market is growing in various countries in direct sales to HVAC-R Contractors, with efforts to identify and strike arrangements with local HVAC-R distributors ongoing.

The Company has identified a number of markets outside the HVAC-R segment, where it sees expanded opportunities for TXR applications. For example, there is growing interest in THERMAL-XR® in the Data Centre and Energy Production markets.

The total available market for THERMAL-XR® is now estimated to be in excess of US$28.4 billion, which has the potential to grow as more heat exchangers are needed for cooling space and in other industrial and energy production applications.

HVAC-R Direct Sales
The Company has received a sales order for over AU$130,000 (including GST) for THERMAL-XR® sales and service for a large Australian eco-friendly resort for the coating of nearly 200 air conditioners. This is the largest single order for THERMAL-XR® which the Company believes shows increased market acceptance of the graphene-enhanced coating system. This is on the back of other local Australian projects converting into revenue. The Company has also run a direct business to business marketing campaign in Australia for the HVAC-R market with the goal of strengthening brand awareness.

The Company estimates the total potential value of THERMAL-XR® into the HVAC-R Market is over US$26 billion based on the potential energy saving available of the near 2000 Terra Watt hour (TWh) of energy consumed by air conditioners globally annually as detailed by the International Energy Agency (IEA). Per the IEA, the air-conditioning market is also expected to grow by 150% (over 2016 levels) by 2050.

International HVAC-R Distributor Development
GMG continues to progress and negotiate Distributor Agreements for the purchase and resale of THERMAL-XR® for the HVAC-R market in the major demand centres of North America and Asia Pacific. In particular, distributor discussions with a prominent nationwide American distributor are advanced with the aim to move to significant sales soon.

A major wholesale store chain in Thailand with approximately 200 stores has requested a number of sites be further demonstrated with Thermal-XR® by a potential distributor before subsequent roll out across the country.

Following the growing market success of TXR for HVAC purposes the Company is increasing efforts to demonstrate heat management benefits into other applications. Recent examples include data centres and energy producers.

Data Centre Direct Sales
Additional THERMAL-XR® sales and third-party service projects in Southeast Asia have also occurred – with applications in the data centre cooling sector represents a significant opportunity as according to the IEA it represents up to 1.3% of global electricity demand which the Company estimates could represent an addressable market of approximately US$2 Billion of potential THERMAL-XR® sales globally. Accordingly, the Company has commenced first discussions regarding projects with a number of data centre operators.

Energy Producer Sector Development
The Company is also in discussions with various mining, energy and gas producers in Australia, North America and Asia about the potential for application of THERMAL-XR® to provide increased heat transfer and corrosion resistance for operations, including gas processing heat exchangers, notably liquefied natural gas (LNG) plants. GMG made an initial sale of THERMAL-XR® and coating by GMG for a micro-LNG plant in Australia in late 2022. GMG’s confidence in the success of THERMAL-XR® to shift heat faster than would generally be expected is reinforced by the tests published by the Company in the December 2022, outlining the THERMAL-XR® heat transfer outcomes verified by University of Queensland.

Taking into account the LNG market opportunity alone, which the International Gas Union noted a total production of 372 million tonnes of LNG in 2022, the Company estimates the total addressable market to be approximately US$400 Million of potential THERMAL-XR® sales.

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are very excited to see the reception we are seeing with THERMAL-XR® in various channels and applications, including HVAC-R direct for larger business customers, HVAC-R distributors in various countries, data centres and various energy producers. The opportunity for THERMAL-XR ® in the HVAC-R, data centre and energy producer market is significant.”

THERMAL-XR ® Coating Blending Project Update

To support the targeted success of TXR as a major business, the Company purchased the TXR blending in September 2022 and subsequently designed and purchased enhanced coating blending plant equipment. It is working towards commissioning the plant in the second quarter of 2023. This blending plant is expected to have the capacity to produce up to two thousand litres of THERMAL-XR RESTORE® coating per eight-hour shift, providing the ability to service growth well into the future. GMG has also procured new laboratory equipment for quality assurance requirements, and to carry-on research and development of extensions and enhancements to the THERMAL-XR® portfolio into an even wider range of applications.

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are pleased to be able to begin producing our coatings for HVAC-R and other heat transfer applications in-house, as a significant step to becoming a globally recognised brand leader in Energy Saving products.”

About THERMAL-XR® powered by GMG Graphene:

THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.

THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDING

About Thermal XR® Coating Blending Project

As announced in September 2022, GMG has completed the acquisition of the manufacturing intellectual property and brand rights of OzKem Pty Ltd.’s (“OzKem”) THERMAL-XR® coating products. Since September, good progress has been made in establishing the in-house blending capability to manufacture THERMAL-XR®. The Project involves building a blending plant, including the required equipment to develop and manufacture THERMAL-XR® in-house. The Project is located adjacent to the graphene manufacturing expansion project and Company headquarters in Richlands, Brisbane, Queensland, Australia.

About GMG
GMG is a disruptive Australian-based clean-tech company listed on the TSXV (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets. The Company is pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lubricant oil and performance enhanced HVAC-R coating system.

For further information please contact:
• Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
• Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

www.graphenemg.com

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, the impact of THERMAL-XR® on heat transfer and its potential applications and expected performance, management’s expectations of the effects of Thermal-XR®, the commercial maturation of THERMAL-XR®, the brand awareness and market acceptance of the THERMAL-XR® system, the support for distributors to buy and resale THERMAL-XR®, the growing HVAC-R markets, the expected focus on the data centre cooling, HVAC-R and energy producer sectors, the timing of the completion of the pilot blending plant and the expected benefits and capabilities thereof, and the future development of the THERMAL-XR® portfolio.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the ability of the Company to achieve the expected results of its THERMAL-XR®, that THERMAL-XR® will commercially mature as expected by management, that the company will expand the THERMAL-XR® portfolio, that there will be demand by distributors to buy and resell THERMAL-XR® in the HVAC-R market, that the market for THERMAL-XR® will grow and develop as expected, that the recent order for THERMAL-XR® sales and service to an Australian eco-friendly resort is representative of broader market acceptance, the Company will focus on the expected markets and sectors currently contemplated, and the pilot blending plant will be completed on the expected timeline and provide the benefits as management expects. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the Company will not be able to use THERMAL-XR® as expected or the performance, safety profile and production and maintenance requirements of the THERMAL-XR® coating system will not be consistent with management’s expectations, the impact of Thermal-XR® will not be consistent with management’s expectations, the recent order of THERMAL-XR® sales and service is not indicative of broader market acceptance, the commercial maturation of THERMAL-XR® will not occur as expected, there will not be demand from distributors to buy and resell THERMAL-XR® in the HVAC-R market, that demand for THERMAL-XR® in the expected markets will not match managements expectations, that the Company will focus on different sectors and markets than currently contemplated, that the pilot blending will not be completed on the expected timeline, or not derive the benefits currently expected by management, the Company will not be able to research, develop and produce certain products, the Company will not be successful in engaging third parties and developing relationships to assist in the development, distribution and sale its products, public health crises such as the COVID-19 pandemic may adversely impact the Company’s business and the ability of the Company to develop its products, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 18, 2022 available for review on the Company’s profile at www.sedar.com.

BRISBANE, QUEENSLAND, AUSTRALIA – March 6th, 2023 – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG ” or the “Company”) is pleased to provide an update on its ongoing investment in the Company’s Battery Development Centre (“BDC”). Critical members of GMG’s Battery Team have visited its United Kingdom partners to inspect and test the partially automated cell assembly equipment.

In December 2022, the GMG Board approved additional capital expenditure, to accelerate the progress of semi-automatic pouch cell prototype production in the BDC for customer trials and Graphene Aluminium Ion (G+AI) Battery cell development.

The equipment will automate key steps in cell assembly for pouch cells to reduce manual processing and enable consistent and simple repeatable outputs, all of which the Company considers important for the next stage of GMG’s G+AI battery development roadmap.

GMG’s Managing Director and CEO, Craig Nicol, commented: “We anticipate this investment will significantly improve GMG’s capability and flexibility to further develop GMG’s G+AI Battery pouch prototypes in various sizes in a wider group of potential customers. We look forward to the prototype assembly equipment being operational by the end of 2023.”

GMG intends to expand the Battery Development Centre, work with various scientific and engineering methods to optimise capacity, energy and power density, other battery parameters and overall design to achieve production of commercial coin cell and/or pouch cell prototypes.

This milestone aligns with GMG’s 4 critical Business Objectives, namely

1. Produce Graphene and improve/scale production process
2. Build Revenue from Energy Savings Products
3. Develop Next-Generation Battery
4. Develop Supply Chain, Partners & Project Execution Capability

About GMG

GMG is an Australian based clean-tech company listed on the TSX Venture Exchange (TSXV:GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this and other sources of low input cost graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.

The Company is pursuing opportunities for GMG graphene enhanced products, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance and energy efficiency of engine oils.

www.graphenemg.com

For further information, please contact:

• Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
• Leo Karabelas at Focus Communications Investor Relations, info@fcir.ca , +1 647 689 6041

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding: the expectation that the BDC will further the Company’s ability to develop, manufacture and test its G+AI Battery coin cell and pouch packs, and that such capability may accelerate the development of the Company’s G+AI Batteries; the expectation that the additional assembly equipment will be operational by the end of 2023; GMG’s expectations relating to the production and sales of G+AI Batteries, and; the expectation that the Company will meet its objective in the development of the Next-Generation Battery.

These forward looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company’s resources, including its personnel; the intention of the Company to research, develop and produce certain products; the ability of the Company to acquire additional equipment to enable the manufacture of G+AI Batteries in pouch pack cell format; the ability of the Company to have the additional assembly equipment operational by the end of 2023; the ability of the Company to meet its expectations relating to the production and sales of G+AI Batteries, and; the ability of the Company to meet its expectation objectives regarding the development of the Next-Generation Battery.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company’s ability to research, develop and test its products within anticipated timelines; the ability of the Company to acquire additional equipment to enable the manufacture of G+AI Batteries in pouch pack cell format; the ability of the Company to have the additional assembly equipment operational by the end of 2023; the ability of the Company to meet its expectations relating to the production and sales of G+AI Batteries, and; the ability of the Company to meet its expectation objectives regarding the development of the Next-Generation Battery.

BRISBANE, QUEENSLAND, AUSTRALIA – February 13, 2023 – Graphene Manufacturing Group Ltd. (TSX-V: GMG) (“GMG” or the “Company”) is pleased to announce the full and final approval of all GMG’s Graphene products from the Australian Industrial Chemicals Introduction Scheme (AICIS) of the Australian Government Department of Health and Aged Care under Assessment statement CA09624.

AICIS approval allows GMG to significantly increase the production and sale of GMG graphene-enhanced products including:

• Coatings: THERMAL-XR® and other industrial coatings as developed;
• Automotive Fluids: G® LUBRICANT, G® COOLANT and other automotive liquids as developed;
• Fuel: G® DIESEL ; and
• Batteries: including for GMG’s Graphene Aluminium Ion Battery.
This AICIS approval will enable the fulfilment of targeted THERMAL-XR® and G® LUBRICANT sales to industrial customers in Australia and in countries where no further international approvals are needed. Prior to this approval only smaller volumes to a restricted customer list were permitted. The subsequent targeted development of other GMG products, including Graphene Aluminium ion batteries, will similarly be enabled by AICIS with this approval – although the battery will likely need further testing and approval to international battery standards and regulations before sale.

The following conditions apply to this AICIS approval:

• 10 tonnes per annum of total graphene powder.
• Products are to be used in a professional setting except for batteries which can also be sold to end consumers directly.
• Certain maximum percentages are allowed per product type.
• Environmental compliance requirements including no discharge to water ways.

GMG’s CEO Craig Nicol stated, “I am very pleased to see the full and final product regulator approval for our graphene products from AICIS – enabling GMG to enter the next phase of its commercial maturation to focus on developing, marketing, selling and producing its products. This is one of the first nanomaterials approved under the AICIS regulations which came into being on 1 July 2020 with significant revised nanomaterial chemical classification and introduction changes from the previous regulator scheme and is a credit to GMG’s technical staff in achieving this approval.”

About AICIS

The Australian Industrial Chemicals Introduction Scheme (AICIS) helps protect Australians and the environment by assessing the risks of industrial chemicals and providing information to promote their safe use. AICIS is the national regulator of the importation and manufacture of industrial chemicals in Australia. AICIS is an agency within the Department of Health.

About GMG

GMG 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.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, with low cost inputs, scalable, ‘tuneable’ and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company’s present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

For further information, please contact:

Cautionary Note Regarding Forward-Looking Statements

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the deployment of the Company’s resources and personnel and the accuracy of the Company’s expectations regarding the Company’s development plans.

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG” or the “Company”) is pleased to provide an update to the composition of the Company’s leadership, technical and projects teams intended to support and accelerate the Company’s next phase of development.

GMG believes there are important business opportunities related to GMG’s targeted ‘energy saving’ and ‘energy storage’ solutions, which continue to provide strong encouragement for the Company to invest resources to drive targeted sales from its energy saving business and support the continued maturation of GMG’s graphene-Aluminium Ion battery technology.

To better support and accelerate these opportunities the previously separate Technology and Projects teams will be combined into the Projects Team to better integrate the R&D of graphene production with development of the graphene production plant, the liquid graphene blend plant and the targeted development of the automated battery manufacturing pilot plant. This change is aimed at enhancing opportunities for improvement in process technology and project delivery and accelerate time to market for our future projects.

In connection with this change in team composition, GMG is pleased to announce that Bobby Bran has been promoted to the role of Chief Projects Officer, leading the combined Technology and Projects teams. Bobby has been with GMG for over 4 years most recently as Production Manager and Head of Major Projects. Mr Bran has over 10 years of experience delivering large-scale multi-million dollar civil engineering projects on behalf of several major contractors. Bobby has experience in a diverse range of disciplines with expertise in project leadership and management – including safety in construction.

Jeffrey Morris former Chief Technology Officer has left GMG to pursue other opportunities and the Company thanks him for his tireless efforts over the last two years to progress the automation and development of the graphene production process.

GMG’s CEO Craig Nicol stated, “I am very pleased to see Bobby promoted to the role of Chief Projects Officer leading the combined Projects and Technology teams. This new combined team will improve our engineering capability to deliver our future production assets.”

GMG’s Chair Guy Outen stated, “I congratulate Bobby on his promotion to Chief Projects Officer and look forward to his continuing strong leadership of a talented team to further leverage GMG’s technical capabilities to enhance and accelerate our commercial aspirations.”

About GMG

GMG 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.

Cautionary Note Regarding Forward-Looking Statements

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the deployment of the Company’s resources and personnel, the accuracy of the Company’s expectations in the energy saving and storage space and the successful combination of the Technology and Projects teams into the Projects Team.

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG; FRA:0GF) (“GMG” or the “Company”) is pleased to announce the appointments of Lisa Roobottom as Chief Operating Officer (“COO”) and Paul Mackintosh as Chief Health, Safety, Environment, Quality, Risk and Sustainability Officer (“Chief HSE, Risk & Sustainability Officer”), effective on the on the 30th day January, 2023 and 6th day of February, 2023 respectively. Lisa and Paul will be members of GMG’s senior executive leadership team reporting to, and working closely with, CEO Craig Nicol.

Lisa Roobottom has a career in the Oil & Gas and Manufacturing industries spanning approximately 30 years, working in a number of roles include Refinery Operations Manager and National Health, Safety & Environment Manager at various companies including Caltex, Ampol, Australian Laboratory Services and, most recently, Alpha HPA.

Paul Mackintosh has over 20 years of experience in fulfilling senior roles in the Health, Safety and Environment function. Mr Mackintosh has worked for large organisations in the mining, energy, manufacturing and oil and gas industries including senior positions at Arrow Energy, Origin Energy, Brickworks and Caltex, as well as with Coles Myer retail and energy divisions.

GMG’s current COO, Sheena Ward, has successfully overseen both roles as COO and Chief HSE, Risk & Sustainability Officer through GMG’s recent development phase. With GMG’s growth plans currently underway, the Company has deemed it appropriate to now divide the roles. Sheena will be primarily responsible for onboarding both Lisa and Paul, after which Sheena intends on transitioning out of the Company to spend more time with her family.

GMG’s CEO Craig Nicol stated, “I am very pleased to see Lisa and Paul join the GMG team. Their capability and experience will add to maturing and progressing the Company. I also want to thank Sheena for her extreme dedication to lead and manage the operations team including production, supply chain and health, safety and environment team members through the last two years of growth and we all wish her the very best for her next opportunity that aligns with her goals to spend more time with her family.”

GMG’s Chair Guy Outen stated, “I look forward to welcoming Lisa and Paul to the leadership team at GMG to help drive the next stage of the Company’s growth. The Board and I also want to thank Sheena for her very important contributions to the company in establishing the foundations for successful production and health, safety and environment activities that we are confident will serve the Company well hereafter. We all wish her the very best with her family and with whatever she chooses to do in the future.”

About GMG

GMG is an Australian based clean-tech company listed on the TSX Venture Exchange (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this and other sources of low input cost graphene, the Company is developing value-added products that target the growing energy efficiency and energy storage markets.

www.graphenemg.com

For further information, please contact:

Cautionary Note Regarding Forward-Looking Statements

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the effective date on which Ms. Roobottom will be appointed as COO and Mr. Mackintosh will be appointed as HSE & Risk Officer, and that Ms. Ward will subsequently depart from the Company following the onboarding of Ms. Roobottom and Mr. Mackintosh.

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG” or the “Company”) is pleased to release results of heat transfer demonstrations of Aluminium coated with THERMAL-XR® (TXR) powered by GMG Graphene, compared to uncoated bare Aluminium.

The University of Queensland Materials Performance consultancy (“UQMP”) verified that GMG’s THERMAL-XR® when applied to aluminium reduces the surface temperature by approximately 15% in temperatures between 70C and 90C.

GMG’s experiment results are shown below. The same 10mm thick aluminium plate was divided into two parts, GMG’s THERMAL-XR® was applied to the top side of one half of the plate, while the other remained uncoated. The same heat source was applied to the underside of both adjacent plates simultaneously. Temperature measurements were then taken from the top and bottom sides of both plates as the heat source was cycled up and down.

Managing Director and CEO, Craig Nicol stated “This is a powerful demonstration of GMG’s THERMAL-XR®’s ability to increase the transfer of heat. The graphene-enhanced heat transfer properties of THERMAL-XR® are apparently outweighing the traditional insulating effect of coatings. GMG believes the ability to increase heat transfer with a simple application of the technically advanced GMG THERMAL-XR® can make a significant contribution to improved performance and efficiency while reducing energy demand in a wide range of applications.”

When the THERMAL-XR® coating was applied to the top side of the 10mm aluminium plate, more heat transfer was observed away from the common heat source (compared to the panel that had no coating). Furthermore, the non-coated underside of the coated panel – being the side directly exposed to the heat source – remained approximately 15% cooler than the heat-exposed side of the uncoated panel, within the temperature range of 70° C to 90° C.

GMG’s product demonstration shows THERMAL-XR® coating increases heat transfer when applied to aluminium.

THERMAL-XR® powered by the GMG Graphene coating system is a unique method of improving the conductivity of heat exchange surfaces, resulting in an efficiency improvement and a potential power reduction when applied to air conditioning condenser coils or other industrial processes needing heat transfer.

Relevance to Heat Exchangers (in Air Conditioners and Industrial Applications)

GMG is undertaking further assessments on other metals used in heat transfer applications and at various temperature settings and will publish market updates from time to time on these.

GMG is a proud member of Stanford University’s Thermal and Fluid Sciences Affiliates Program (see 10th May 2022 Announcement) and will continue to work with UQMP on heat transfer data verification.

GMG is working with a number of companies globally to engage distributors and direct sales for the HVAC-R maintenance market. Furthermore, GMG is engaging with various companies for direct selling of THERMAL-XR® for industrial applications with high energy requirements, and high emissions – including oil and gas production, power generation, liquified natural gas production, mining, and mineral processing.

About The University of Queensland Materials Performance (UQMP)

UQ Materials Performance was founded in 1998 and has since grown to become one of Australia’s leading materials engineering consultancies. Our mission statement:

UQ Materials Performance operates out of The University of Queensland Advanced Engineering Building. We share the building with the Centre for Advanced Materials Processing and Manufacturing (AMPAM) and the School of Civil Engineering allowing close collaboration on consulting and research projects.
About GMG

GMG is a disruptive Australian-based clean-tech company listed on the TSXV (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company’s proprietary process, GMG can produce high quality, low cost, scalable, ‘tuneable’ and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets. The Company is pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lubricant oil and performance enhanced HVAC-R coating system.

Cautionary Note Regarding Forward-Looking Statements

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the ability of the Company to achieve the expected results of its THERMAL-XR®, that the Company will be able to research, develop and produce certain products as anticipated, and that the Company will be able to engage third parties and develop relationships to assist in the development, distribution and sale of its products. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the Company will not be able to use THERMAL-XR® as expected or the performance, safety profile and production and maintenance requirements of the THERMAL-XR® coating system will not be consistent with management’s expectations, the impact of Thermal-XR® will not be consistent with management’s expectations, the Company will not be able to research, develop and produce certain products, the Company will not be successful in engaging third parties and developing relationships to assist in the development, distribution and sale its products, public health crises such as the COVID-19 pandemic may adversely impact the Company’s business and the ability of the Company to develop its products, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading “Risk Factors” in the Company’s annual information form dated October 18, 2022 available for review on the Company’s profile at www.sedar.com.

BRISBANE, QUEENSLAND, AUSTRALIA – December 12, 2022 – Graphene Manufacturing Group Ltd. (TSX-V:GMG) (“GMG ” or the “Company”) is pleased to provide an update on its ongoing investment in the Company’s Battery Development Centre (“BDC”). The GMG Board has approved an additional $AU 600,000 in capital expenditure, to accelerate the progress of semi-automatic pouch cell prototype production in the BDC for customer trials and Graphene Aluminium Ion (G+AI) Battery cell development. The Company has also successfully increased its organisational capacity by attracting new staff experienced in pouch cell manufacturing, thereby enabling the acceleration of its battery performance optimisation programme.

GMG believes its pouch cells could be used in a wide range of potential applications, including:
• personal communication devices,
• internet of things (IOT) sensors,
• personal mobility devices,
• energy storage,
• high power industrial applications,
• electric aviation,
• electric vehicles and
• personal electronics

GMG Pouch Pack Cell Prototype

GMG’s Managing Director and CEO, Craig Nicol, commented: “This investment adds to our existing pouch cell manufacturing capabilities and together with GMG’s internal expertise the Company is now focused on progressing collaborative partnerships with several potential battery customers to further accelerate commercial development work in 2023.”

GMG Battery Development Centre

The additional CAPEX expenditure will assist with future optimisation, prototype development and production, and assembly times in the BDC. The additional equipment is expected to be operational in Q2 2023.

GMG will continue to work with various scientific and engineering methods to optimise capacity, energy and power density, and overall design of coin cell and/or pouch cell products.

About GMG

For further information, please contact:

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the expectation that the Pilot Battery Plant will allow the Company to develop, manufacture and test its own G+AI Battery coin cell and pouch packs in-house and that such capability may accelerate the development of the Company’s G+AI Batteries; the expectation that additional equipment to enable the manufacture of G+AI Batteries in pouch pack cell format will arrive in January 2022; GMG’s expectations relating to construction of an initial commercial coin cell G+AI Battery manufacturing facility, production and sales of G+AI Batteries and the anticipated timing of such events; the proposed location of the anticipated manufacturing facility; and the potential full commercialization of the Company’s technology.

These forward looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company’s resources, including its personnel; the intention of the Company to research, develop and produce certain products; the ability of the Company to acquire additional equipment to enable the manufacture of G+AI Batteries in pouch pack cell format and the timeline for such acquisition; the ability of the Company to complete construction of an initial commercial coin cell G+AI Battery manufacturing facility, including obtaining necessary permits; timing of anticipated construction; and fluctuations in the market for graphene.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company’s ability to research, develop and test its products within anticipated timelines; the ability of the Company to acquire additional equipment to enable the manufacture of G+AI Batteries in pouch pack cell format in a timely manner; the costs associated with commissioning a pouch cell G+AI Battery manufacturing and testing equipment; the ability of the Company to obtain necessary production permits; the continued demand for graphene; sufficient demand for the Company’s products; and that in-house production of G+AI Batteries by the Company will be cost-effective.

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Note: we will NOT respond to emails
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