Mr. Craig Nicol reports

GMG BOARD APPROVES CAPITAL FOR ENGINEERING OF FACTORY FOR GRAPHENE FACTORIES

Graphene Manufacturing Group Ltd.'s board of directors has approved $1.2-million (Australian) in capital expenditure for the next stage of detailed design, engineering and long-lead procurement for its next-generation graphene manufacturing plant. The plant will modularize Graphene Manufacturing's recently commissioned Gen 2.0 plant and support the development of a "factory for graphene factories."

These capital funds will support feasibility level design, engineering and long-lead procurement for Graphene Manufacturing's Fulcrum facility.

The Graphene Manufacturing Fulcrum facility will include an area for assembling graphene modular production units (MPUs) and a separate operating area for up to five separate graphene MPUs, technology Gen 2.1 plant, each with an estimated capacity of up to 20 tonnes per annum.

Once fully completed and optimized, the Fulcrum facility is expected to have annual production capacity of up to 100 tonnes of graphene. It is also expected to be largely self-powered through stand-alone energy generation using renewable sources, an energy storage system and hydrogen-enriched natural gas supplied by tail gas power generation. The facility is also expected to assemble and commission up to 12 additional MPUs per annum, equivalent to a further 240 tonnes of annual graphene production capacity.

The GMG Fulcrum facility is expected to take several years to complete, with funding and operational readiness to be phased and subject to separate board approvals and press releases. Graphene Manufacturing is also optimizing the Gen 2.0 plant for graphene quality, production rate, graphene packing and self-power generation, with these elements not expected to be completed until the end of 2026.

In the meantime, Graphene Manufacturing is progressing site selection and local, state and federal government approvals studies of locating a graphene production facility in both United States and Canada. The expectation is for the Graphene MPUs to be assembled and commissioned in the Fulcrum facility and then relocated to the site in North America for operations and graphene production along with any liquid graphene production and packing facility.

"Advancing to the engineering and long-lead procurement phase for our Fulcrum facility is a pivotal step in GMG's scale-up strategy," said Craig Nicol, managing director and chief executive officer of Graphene Manufacturing. "With our Gen 2.0 plant now commissioned, we are applying those learnings to design a modular, repeatable production system that can be deployed globally. The Fulcrum facility is intended to become the hub for assembling and commissioning graphene MPUs, enabling us to accelerate capacity growth while maintaining quality and cost discipline. At the same time, we are progressing optimization of our existing operations and preparing for expansion into North America, positioning GMG to meet increasing demand across our energy savings and energy storage product lines."

"The board's approval of this capital reflects confidence in GMG's modular manufacturing approach and long-term growth pathway," said Jack Perkowski, chairman and director of Graphene Manufacturing. "The Fulcrum facility is designed not only to expand production capacity, but also to demonstrate a scalable model for deploying graphene manufacturing internationally. By combining modular production, efficient capital deployment and increasingly self-powered energy systems, GMG is building a platform that can support disciplined expansion into key global markets. We believe this approach strengthens our ability to deliver sustainable growth and long-term value for shareholders."

About Graphene Manufacturing Group Ltd.

GMG is an Australian based clean-technology company which develops, makes, and sells energy saving and energy storage solutions, enabled by graphene manufactured via in-house production process. Graphene Manufacturing uses its own proprietary production process to decompose natural gas (that is, methane) into its natural elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high-quality, low-cost, scalable, tuneable and low-/no-contaminant graphene suitable for use in clean-technology and other applications.

The company's present focus is to derisk and develop commercial scale-up capabilities and secure market applications. In the energy savings segment, Graphene Manufacturing has initially focused on graphene enhanced heating, ventilation and air conditioning (HVAC-R) coating (or energy-saving coating) which is now being marketed into other applications including electronic heat sinks, industrial process plants and data centres. Another product Graphene Manufacturing has developed is the graphene lubricant additive focused on saving liquid fuels initially for diesel engines.

In the energy storage segment, Graphene Manufacturing and the University of Queensland are working collaboratively with financial support from the Australian government to progress R&D (research and development) and commercialization of graphene aluminium-ion batteries (G+AI batteries). Graphene Manufacturing has also developed a graphene additive slurry that is aimed at improving the performance of lithium-ion batteries.

Graphene Manufacturing's four critical business objectives are:

1. Produce graphene and improve/scale cell production processes;
2. Build revenue from energy savings products;
3. Develop next-generation battery;
4. Develop supply chain, partners and project execution capability.

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