Press Release

Cuspis Capital Ltd. and GMG enter into Letter of Intent for Go Public Transaction

Toronto, Ontario–(Newsfile Corp. – August 19, 2020) – Cuspis Capital Ltd. (TSXV: CUSP) (“Cuspis” or the “Corporation”), a capital pool company as defined under TSX Venture Exchange (“TSXV” or the “Exchange”) Policy 2.4 – Capital Pool Companies (“Policy 2.4”), is pleased to announce it has entered into a letter of intent dated August 17, 2020 (the “LOI”) with Graphene Manufacturing Group Pty Ltd. (“GMG”), a private company incorporated under the laws of Australia, whereby Cuspis and GMG will complete an arrangement, amalgamation, share exchange, or similar transaction to ultimately form the resulting issuer (the “Resulting Issuer”) that will continue on the business
of GMG (the “Transaction”), subject to the terms and conditions outlined below. Cuspis intends that the Transaction will constitute its Qualifying Transaction, as such term is defined in the policies of the Exchange.

Following completion of the Transaction, the Resulting Issuer intends to list as a Tier 2 Industrial Issuer on the Exchange.