Energy Density | Graphene Manufacturing Group

Craig Nicol, Founder and CEO of Graphene Manufacturing Group (TSX.V: GMG) joins Cory Fleck of the KE Report to discuss recently announced new data on the HERMAL-XR® coating performance. The data, which is verified by the University of Queensland, shows that when THERMAL-XR® is applied to aluminium, it reduces the surface temperature by approximately 15% in temperatures between 70⁰C and 90⁰C.

Read the full release: bit.ly/3PVKjIZ

info@graphenemg.com | www.graphenemg.com | TSXV: GMG

Investor Relations | Focus Communications IR

Email: info@fcir.ca
Phone: 647 – 689 – 6041
Website: www.focusir.ca

Craig Nicol, Founder and CEO of Graphene Manufacturing Group (TSX.V: GMG) joins Cory Fleck of the KE Report to answer frequently asked questions from graphene production, the Company’s battery division, scalability and more.

info@graphenemg.com | www.graphenemg.com | TSXV: GMG

Investor Relations | Focus Communications IR

Email: info@fcir.ca
Phone: 647 – 689 – 6041
Website: www.focusir.ca

Craig Nicol, Founder and CEO of Graphene Manufacturing Group Ltd (TSX.V: GMG) joins Cory Fleck of the KE Report to provide an update on the Company’s battery division and what’s further down the development pipeline.

Read the Full Release: https://graphenemg.com/gmg-battery-performance-graphene-production/

info@graphenemg.com | www.graphenemg.com | TSXV: GMG

Investor Relations | Focus Communications IR

Email: info@fcir.ca
Phone: 647 – 689 – 6041
Website: www.focusir.ca

Highlights:
• Construction of the Pilot Battery Plant has commenced with commissioning expected in November, 2021.
• The company has purchased additional equipment to manufacture G+AI Battery prototypes in pouch pack cell format in addition to coin cell format.
• Commercial prototypes for coin cell and pouch pack batteries remain on target (see July 14, 2021 press release titled “GMG Announces In-House Battery Pilot Plant Investment”).
• GMG has secured a site for a new headquarters and Pilot Battery Plant facility.

BRISBANE, QUEENSLAND, AUSTRALIA – Graphene Manufacturing Group Ltd. (TSX-V:GMG; FRA:0GF) (“GMG” or the “Company”) is pleased to provide an update on the pilot production and testing plant (the “Pilot Battery Plant”) for GMG’s graphene aluminium-ion batteries (“G+IA Batteries”) announced in the Company’s news release dated July 14, 2021.

Construction of the Pilot Battery Plant has commenced with commissioning of the facility expected to begin in November, 2021. The Pilot Battery Plant will be located in a recently secured new headquarters and production facility in Brisbane.

Further, the Company has committed additional expenditures to allow the Pilot Battery Plant to produce pouch pack cell format batteries in addition to the previously announced coin cell format. This addition to the facility is intended to potentially accelerate the development of G+AI Battery pouch packs and allow early collaboration with some of GMG’s major customer prospects and their specific requirements. Pouch pack cells are typically used in personal electronics such as cell phones, laptops, as well as in electric vehicles and grid storage batteries. Revenue from the Pilot Battery Plant is not expected to be significant.

Pilot production of a prototype coin cell battery is targeted before the end of 2021 and a pouch pack commercial prototype battery is targeted before the end of 2022. Subject to successful commercial prototypes and a final investment decision, GMG expects to construct an initial commercial coin cell G+AI Battery manufacturing facility, followed by first production and sales of G+AI Batteries. The location of this manufacturing facility is not yet decided but will likely be in Australia where GMG’s headquarters and existing operations are located.

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are excited to shortly be able to develop, manufacture and test our own G+AI Battery coin cell and pouch packs in-house, in continued collaboration with the University of Queensland. This will allow us to potentially accelerate the development of our G+AI Batteries, work with our future customers and further build on our internal expertise. Our new headquarters in Brisbane, Australia, will enable GMG to have graphene manufacturing, graphene fluid blending, the G+AI Battery pilot plant as well as our global headquarters all under one roof which will greatly enhance our overall efficiency.”

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 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 also 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 and energy efficiency of engine oils, biodiesel and diesel fuels.

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

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, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: commissioning of the Pilot Battery Plant; the timing of development of a commercial prototype coin cell battery and a pouch pack commercial prototype battery; and the construction of an initial commercial coin cell G+AI Battery manufacturing facility.

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, and the intention of the Company to research, develop and produce certain products.

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, and that results of testing and development data will be consistent with anticipated results and estimates.

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.

Oct 25, 2021 – Graphene Manufacturing Group Ltd. (TSX-V:GMG ; FRA:0GF) (“GMG” or the “Company”) is pleased to announce that GMG and Robert Bosch Australia Pty Ltd (“BOSCH”) have signed a non-binding Letter of Intent, with the aim to agree on the terms of binding agreements for BOSCH to design and deliver a Graphene Aluminium Ion Battery (“G+AI Battery”) manufacturing plant.

Robert Bosch Australia Pty Ltd is a subsidiary of the BOSCH Group, a global provider of integrated production line solutions, automation, robotics and testing equipment. BOSCH will support GMG in learning and developing the automation of the battery assembly process and use the results from the GMG G+AI Battery pilot plant to support the scaling of these into fully automated plants. The parties’ intent is for BOSCH to become GMG’s engineering, design and construction contractor for GMG’s near and long-term battery cell manufacturing facility needs (both coin cell and pouch pack).

GMG’s Managing Director and CEO, Craig Nicol, commented: “We are proud and excited to be partnering with BOSCH. They are a major, world leading company in this space with outstanding capability to help provide highly automated, efficient and reliable battery manufacturing plants. It has been great working with the BOSCH Australia team so far and we look forward to building a strong long-term partnership with them.”

Gavin Smith, President of BOSCH Australia said: “We are delighted to have been chosen by GMG as its long term factory automation partner. We are excited to bring Bosch’s world class technology and expertise to support GMG commercialise its innovative battery technology, with an automated coin cell manufacturing plant the first cab off the ranks.”

GMG’s commitment to an initial commercial G+AI Battery manufacturing plant, which is planned to produce batteries in coin cell format, is expected to follow successful commercial G+AI Battery prototype development and a final investment decision. The location is not yet decided but is expected to be in Australia where GMG’s headquarters and existing operations are located.

Further to the Company’s news release dated July 14, 2021, the G+AI Battery pilot plant equipment has been received and the Company intends to commence construction and commissioning shortly.

Following previously announced performance results of GMG’s G+AI Battery and highly encouraging customer feedback, the Company believes that it remains on track to develop a commercial prototype coin cell battery before the end of 2021, and thus continues to progress preparations for a commercial scale battery manufacturing facility in parallel. For further information, see the Company’s news release dated May 5th 2021 and June 22nd, 2021.

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 low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets.

About Bosch

Bosch is a preferred supplier of advanced manufacturing solutions and integrations to Australian businesses. Bosch Australia Manufacturing Solutions (BAMS) is committed to strengthening the competitiveness of the Australian manufacturing sector. BAMS has become one of the country’s leading factory automation companies, working with a diverse array of blue-chip, mid-tier and start-up manufacturers to automate their manufacturing. With over 50 years of manufacturing experience and factory automation know-how, BAMS aims to help Australian manufacturers become fit for the future.

Cautionary Note Regarding Forward-Looking Statements

Forward-looking information in this press release includes, but is not limited to, statements relating to: the Letter of Intent and entering into binding agreements with BOSCH, construction of the G+AI Battery manufacturing plant, the Company’s partnership with BOSCH, the G+AI Battery pilot plant equipment, the Company’s pursuit of additional opportunities for GMG graphene, and the development of a commercial prototype coin cell battery.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, the Company will be successful in negotiating binding agreements with BOSCH as anticipated, the Company will be successful in obtaining all necessary approvals under the Letter of Intent and any binding agreement, the construction of the G+AI Battery manufacturing plant will be completed as anticipated, the Company will secure a partnership with BOSCH as anticipated, the Company the Company will be able to commence construction and commissioning of the G+AI Battery pilot plant equipment on the anticipated timelines, the Company will be successful in collaborating with universities in Australia to develop its products, the Company will be able to enhance the performance and energy efficiency of engine oils, biodiesel and diesel fuels, and that the Company will be able to develop a commercial prototype coin cell battery before the end of 2021.

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 successful in negotiating binding agreements with BOSCH, the Company will not be successful in obtaining all necessary approvals under the Letter of Intent and any binding agreement, the construction of the G+AI Battery manufacturing plant will not be completed as anticipated, the Company will not be able to secure a partnership with BOSCH as anticipated, the Company will not be able to commence construction and commissioning of the G+AI Battery pilot plant equipment on the anticipated timelines, the Company will not be successful in collaborating with universities in Australia to develop its products, the Company will not be able to enhance the performance and energy efficiency of engine oils, biodiesel and diesel fuels, and that the Company will not be able to develop a commercial prototype coin cell battery before the end of 2021. Such forward-looking information represents management’s best judgment based on information currently available. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

BRISBANE, QUEENSLAND, AUSTRALIA – September 20, 2021 – Graphene Manufacturing Group Ltd. (“GMG” or the “Company”), at the request of the TSX Venture Exchange, is pleased to provide an update on finder’s compensation payable in connection with the Company’s non-brokered private placement of units which closed on September 2, 2021 (the “Private Placement”). The Company has agreed to pay an aggregate cash commission of $24,652.80 and an aggregate of 5,760 finder’s warrants to certain arms’ length finders in connection with the Private Placement. The finder’s warrants are exercisable into units at a price of C$2.14 per unit until September 2, 2024, with each such unit comprised of one ordinary share in the capital of the Company and one-half of one ordinary share purchase warrant. Upon issuance, each underlying warrant is exercisable by the holder to acquire one ordinary share in the capital of the Company at a price of C$2.60 per share at any time until September 2, 2024. Please see the Company’s news release dated September 2, 2021 for additional information regarding the Private Placement.

About GMG
GMG is a clean-tech, disruptive company that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By use of 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 also pursuing additional opportunities for GMG graphene including the development of next generation batteries, collaborating with world leading universities in Australia, and investigating the opportunity to enhance the performance of lubricating oils, biodiesel and diesel fuels.

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

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

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release may constitute “forward-looking information” within the meaning of Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

BRISBANE, QUEENSLAND, AUSTRALIA – September 2, 2021 – Graphene Manufacturing Group Ltd. (“GMG” or the “Company”) is pleased to announce that the Company has closed its previously announced overnight marketed public offering of units (the “Units”) of the Company, including exercise in full of the over-allotment option (the “Offering”). A total of 5,635,000 Units were sold at a price of C$2.05 per Unit (the “Offering Price”) for gross proceeds of approximately C$11.55 million. Each Unit is comprised of one ordinary share in the capital of the Company (each, an “Ordinary Share”) and one-half of one Ordinary Share purchase warrant (each, a “Warrant”). Each Warrant shall entitle the holder to purchase one Ordinary Share at C$2.60 at any time until September 2, 2024. The Offering was completed pursuant to an underwriting agreement dated August 13, 2021 among the Company and Cantor Fitzgerald Canada Corporation, as lead underwriter and sole bookrunner, and a syndicate of underwriters including PI Financial Corp., Echelon Wealth Partners Inc. and Haywood Securities Inc. (collectively, the “Underwriters”).

In connection with the Offering, the Company has paid to the Underwriters a cash commission of $693,105 and issued to the Underwriters 169,050 (“Compensation Warrants”). Each Compensation Warrant is exercisable into a Unit at the Offering Price until September 2, 2024.

The Company anticipates using the proceeds of the Offering to, among other things, develop a commercial coin cell graphene aluminum-ion battery prototype, perform front end design and commence building of a battery manufacturing facility (subject to a successful prototype and a final investment decision) and for working capital and general corporate purposes.

The Offering was completed pursuant to a short form prospectus in Canada (the “Prospectus”) in the provinces of British Columbia, Alberta, Saskatchewan and Ontario. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

The Company is also pleased to announce that the TSX Venture Exchange has conditionally accepted for listing the 2,817,500 Warrants underlying the Units issued pursuant to the Offering. The Warrants are expected to be listed for trading on the TSX Venture Exchange under the symbol “GMG.WT” effective on, or about September 7, 2021.

The Warrants are governed by the terms of a Warrant Indenture (the “Warrant Indenture”) dated September 2, 2021 between the Company and Computershare Trust Company of Canada as warrant agent, a copy of which will be available under the Company’s profile at www.sedar.com. For further details regarding the Warrants, please refer to the Warrant Indenture.

Private Placement

The Company is also pleased to announce that it has closed its non-brokered private placement for gross proceeds of $909,500 through the sale of 425,000 units (“PP Units“) at a price of $2.14 per PP Unit (the “Private Placement“). Further to the Company’s news release dated August 26, 2021, the Company received approval from the TSX Venture Exchange to increase the size of the Private Placement by $9,500 for total gross proceeds of up to $909,500. Each PP Unit is comprised of one Ordinary Share and one-half of one Warrant. Each Warrant shall entitle the holder to purchase one Ordinary Share at $2.60 at any time on or before the date which is 36 months from the date of issuance.

The Company anticipates using the proceeds of the Private Placement in the same manner as the proceeds of the Offering which includes, among other things, to develop a commercial coin cell graphene aluminum-ion battery prototype, front end design and commence building of a battery manufacturing facility (subject to a successful prototype and a final investment decision) and for working capital and general corporate purposes. In connection with the Private Placement, the Company will pay to certain arm’s length finders a cash commission of up to 6% of the gross proceeds from the Private Placement and issue to such finders a number of Compensation Warrants equal to up to 3% of the PP Units sold under the Private Placement.

The Private Placement is subject to acceptance by the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four month hold period from the date of issue.

About GMG

GMG is a clean-tech, disruptive company that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By use of 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.

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: Certain disclosure in this release, including statements regarding the Offering, the use of proceeds from the Offering, the Private Placement and the use of proceeds from the Private Placement constitute “forward-looking information” within the meaning of Canadian securities legislation. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that the Company believes are reasonable, including that the Company will be able to use the proceeds of the Offering and the Private Placement as anticipated. However, the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such uncertainties and risks include, among others, inability to use the proceeds from the Offering or the Private Placement as anticipated. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

BRISBANE, QUEENSLAND, AUSTRALIA – August 26, 2021 – Graphene Manufacturing Group Ltd. (“GMG” or the “Company”) is pleased to announce that in connection with its previously announced overnight marketed public offering (the “Offering”) of units of the Company, the Company will be conducting a concurrent private placement financing (the “Private Placement”) of units (“Units”) for gross proceeds of up to C$900,000.

The Company notes that while in the process of finalising the subscription book in connection with the Offering, it became apparent that a number of significant orders had been received before the Company’s trading halt was lifted but that such orders were not reflected in the Offering allocation. The Company has therefore determined to proceed with the Private Placement in order to recognise these good faith orders separately.

The Company intends to sell up to 420,560 Units at a price of $2.14 per Unit (the “Offering Price”) for gross proceeds of up to approximately C$900,000. Each Unit is comprised of one ordinary share in the capital of the Company (each, an “Ordinary Share”) and one-half of one Ordinary Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder to purchase one Ordinary Share at $2.60 at any time on or before the date which is 36 months after the Closing Date (as defined below).

The Private Placement is expected to close concurrently with closing of the Offering on or about August 31, 2021 (the “Closing Date”) and will be subject to certain conditions including, but not limited to, closing of the Offering and the receipt of all necessary approvals including the approval of the TSX Venture Exchange of the listing of the Ordinary Shares and Warrants (including the Ordinary Shares and Warrants comprising the Units and the Ordinary Shares issuable upon the exercise of the Warrants).

The Units will be sold on a prospectus exempt basis in Canada and may also be offered in jurisdictions outside of Canada and the United States provided that no prospectus filing or comparable obligation arises and the Company does not thereafter become subject to continuous disclosure obligations in such jurisdictions. The Units will not be offered or sold in the United States or to, or for the account or benefit of “U.S. person” (as defined in Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”)). The Units may also be offered.

All securities issued pursuant to the Private Placement will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities legislation.

In connection with the Private Placement, the Company may pay finders’ fees as permitted by the policies of the TSX Venture Exchange.

About GMG

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 press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements with respect to the anticipated size of the Private Placement, the anticipated Offering Price, the completion of the Private Placement and the Offering, the anticipated use of the net proceeds from the Private Placement and the Offering, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and GMG’s objectives, goals or future plans and statements. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out in the Company’s public documents filed on SEDAR. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

BRISBANE, QUEENSLAND, AUSTRALIA – August 13, 2021 – Graphene Manufacturing Group (“GMG” or the “Company”) is pleased to announce that, further to its previous news release dated August 12, 2021 announcing the overnight marketed public offering (the “Offering”) of units of the Company (the “Offered Units”), it has entered into an underwriting agreement with a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation (“CFCC”), as lead agent and sole bookrunner, and including PI Financial Corp., Echelon Wealth Partners Inc. and Haywood Securities Inc. (collectively with CFCC, the “Underwriters”) to sell 4,900,000 Offered Units at a price to the public of $2.05 per Offered Unit (the “Offering Price”) for gross proceeds of C$10,045,000. Each Offered Unit is comprised of one ordinary share in the capital of the Company (each, an “Ordinary Share”) and one-half of one Ordinary Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder to purchase one Ordinary Share at $2.60 at any time on or before the date which is 36 months after the Closing Date (as defined below).

The Company has granted to the Underwriters an option (the “Over-Allotment Option”), exercisable in whole or in part, in the sole discretion of the Underwriters, for a period of 30 days from and including the closing of the Offering, to purchase up to an additional 735,000 Offered Units at the Offering Price. If the Over-Allotment Option is exercised in full, the total gross proceeds to the Company will be approximately $1,506,750.

The Company will pay the Underwriters a cash commission equal to 6.0% of the gross proceeds of the Offering, including proceeds received from the exercise of the Over-Allotment Option, in addition to broker warrants to purchase up to 3.0% of the number of Offered Units, including the Offered Units from the exercise of the Over-Allotment Option sold in the Offering (the “Broker Warrants”), at the closing of the Offering. Each Broker Warrant shall entitle the Underwriters to purchase one Offered Unit at the Offering Price at any time on or before the date which is 36 months after the Closing Date.

The Offered Units will be offered by way of a short form prospectus in Canada in the provinces of British Columbia, Alberta, Saskatchewan and Ontario. The Offered Units will not be offered or sold in the United States or to, or for the account or benefit of “U.S. person” (as defined in Regulation S under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”)). The Offered Units may also be offered in those jurisdictions outside of Canada and the United States as agreed to by the Company and the Underwriters provided that no prospectus filing or comparable obligation arises and the Company does not thereafter become subject to continuous disclosure obligations in such jurisdictions.

The Offering is expected to close on or about August 31, 2021 (the “Closing Date”) and will be subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange of the listing of the Ordinary Shares and Warrants (including the Ordinary Shares and Warrants comprising the Offered Units, the Ordinary Shares issuable upon the exercise of the Warrants, and the Warrants and Ordinary Shares issuable pursuant to the exercise of the Broker Warrants).

The Company anticipates using the proceeds of the Offering to, among others, develop a commercial coin cell graphene aluminum-ion battery prototype, front end design and commence building of a battery manufacturing facility (subject to a successful prototype and a final investment decision) and for working capital and general corporate purposes.

The preliminary short form prospectus is available on SEDAR at www.sedar.com. Alternatively, a written prospectus relating to the Offering may be obtained upon request by contacting the Company or Cantor Fitzgerald Canada Corporation in Canada, attention: Equity Capital Markets, 181 University Avenue, Suite 1500, Toronto, ON, M5H 3M7, email: ecmcanada@cantor.com.

About GMG

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 press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements with respect to the anticipated size of the Offering, the anticipated Offering Price, the completion of the Offering, the anticipated use of the net proceeds from the Offering, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and GMG’s objectives, goals or future plans and statements. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out in the Company’s public documents filed on SEDAR. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

BRISBANE, QUEENSLAND, AUSTRALIA – August 12, 2021 – Graphene Manufacturing Group (“GMG” or the “Company”) is pleased to announce that it is undertaking an overnight marketed public offering of units (the “Offered Units”) of the Company for gross proceeds of up to CDN$10.0 million (the “Offering”). The Offering is expected to be completed pursuant to an underwriting agreement to be entered into between the Company and Cantor Fitzgerald Canada Corporation, as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters to be determined (collectively, the “Underwriters”).

Each Offered Unit will consist of one ordinary share in the capital of the Company (an “Offered Share“) and one-half of one ordinary share purchase warrant (each whole ordinary share purchase warrant, a “Warrant“). Each Warrant will be exercisable to purchase one ordinary share in the capital of the Company (a “Warrant Share“). The number of Offered Units to be sold, the offering price (the “Offering Price”) and the terms of the Offered Units, including the terms to exercise the Warrants, will be determined in the course of marketing and there can be no assurance as to completion of the Offering. In addition, the Company will grant the Underwriters an over-allotment option (the “Over-Allotment Option”) exercisable, in whole or in part, in the sole discretion of the Underwriters, to purchase up to an additional 15% of the number of Offered Units sold in the Offering for up to 30 days after the closing, on the same terms and conditions as the Offering.

The Company will pay the Underwriters a cash commission equal to 6.0% of the gross proceeds of the Offering, including proceeds received from the exercise of the Over-Allotment Option, in addition to broker warrants to purchase up to 3.0% of the number of Offered Units, including the Offered Units from the exercise of the Over-Allotment Option sold in the Offering (the “Broker Warrants”). Each Broker Warrant shall entitle the Underwriters to purchase one Unit at the Offering Price at any time on or before the date on which the Warrants issued under the Offering are set to expire.

The Offered Units will be offered by way of a short form prospectus in Canada in the provinces of British Columbia, Alberta, Saskatchewan and Ontario. The Offered Units will not be offered or sold in the United States. The Offered Units may also be offered in those jurisdictions outside of Canada and the United States as agreed to by the Company and the Underwriters provided that no prospectus filing or comparable obligation arises and the Company does not thereafter become subject to continuous disclosure obligations in such jurisdictions.

The Offering will be subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange for the listing of the Offered Shares and Warrants comprising the Offered Units.

About GMG

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 press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements with respect to the anticipated size of the Offering, the anticipated Offering Price, the entering into of the underwriting agreement and the completion of the Offering, the anticipated use of the net proceeds from the Offering, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange, the Company’s objectives, goals or future plans and statements. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out in the Company’s public documents filed on SEDAR. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.