Brisbane, Queensland, Australia--(Newsfile Corp. - December 21, 2022) - Graphene Manufacturing Group Ltd. (TSXV: GMG) (FSE: 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 30^th day January, 2023 and 6^th 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.

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 This email address is being protected from spambots. You need JavaScript enabled to view it., +61 415 445 223
• Leo Karabelas at Focus Communications Investor Relations, This email address is being protected from spambots. You need JavaScript enabled to view it. , +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 the effective date of appointment of Ms. Roobottom as COO and Mr. Mackintosh as HSE & Risk Officer, and Ms. Ward's subsequent departure from the Company.

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 successful onboarding of Ms. Roobottom and Mr. Mackintosh and that Ms. Roobottom is appointed as COO and Mr. Mackintosh is appointed as HSE & Risk Officer as of the effective dates currently anticipated.

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.

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.