Mr. Craig Nicol reports

GMG REACHES MAJOR COMMERCIAL MILESTONE WITH ON-TIME STARTUP OF SECOND GENERATION TECHNOLOGY GRAPHENE PRODUCTION PLANT

Graphene Manufacturing Group Ltd. has completed the construction and started up the company's Generation 2.0 graphene manufacturing technology plant, which is expected to produce 10 tonnes of graphene per annum once remaining works are completed and the Gen 2.0 plant is optimized. It was started up on schedule before the end of June, 2026. The total capital cost for the Gen 2.0 plant is expected to be at or below the estimated cost of $2.3-million (Australian) by the end of the project completion at the end of 2026, as the project costs are under budget to date.

The remaining works for this project, which are expected to be completed by end of September, 2026, are:

• Complete graphene quality optimization;
• Complete production volume optimization;
• Complete graphene powder pack filling optimization.

Thereafter, the following activity is expected to be completed by December, 2026:

• Complete self-power generation supply installation.

Once fully complete and optimized, the Gen 2.0 plant is expected to be largely self-powered from stand-alone energy generation that utilizes renewable sources, an energy storage system and hydrogen enriched natural gas provided by tail gas power generation.

Graphene Manufacturing's managing director and chief executive officer, Craig Nicol, commented: "Bringing our second-generation graphene production plant on-line on time and within our expected capital cost to date is a major milestone for GMG and a testament to the skill and commitment of our team and partners. The Gen 2.0 plant is expected to deliver up to 10 tonnes of graphene per year once remaining works are completed and optimized, significantly increasing our production capacity to support customer demand across our battery, coatings, lubricant additives and other graphene products. We are now focused on completing the optimization of graphene quality and production volumes, as well as commissioning our self-powered energy systems and powder packing capabilities. With this plant, we are not only scaling output but also advancing our vision of highly efficient graphene manufacturing that can be replicated and deployed globally."

Graphene Manufacturing's chairman and director, Jack Perkowski, commented: "The successful start-up of the Gen 2.0 plant marks an important step in GMG's growth and validates our strategy of investing in scalable, efficient and increasingly self-powered graphene production technology. Delivering this project on schedule and at or below the planned capital cost to date reflects strong project discipline and reinforces GMG's capability to execute complex technology developments. As we complete the remaining optimization work and bring the plant's renewable and hydrogen-enriched energy systems fully on-line, we expect this facility to demonstrate both the commercial and environmental benefits of GMG's proprietary plasma-based graphene manufacturing process. We believe this strengthens our platform for long-term value creation for shareholders, customers and partners."

About Graphene Manufacturing Group Ltd.

Graphene Manufacturing is an Australian-based clean technology company which develops, makes and sells energy saving and energy storage solutions, enabled by graphene manufactured through 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, tunable 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 coating (or energy saving coating), which is 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 research and development and commercialization of graphene aluminum-ion 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.

We seek Safe Harbor.