GPHBF - G6 Materials Provides Business Update

(TheNewswire)

Focusing on air purificationproducts, plus debt facility and stock option grant

Ronkonkoma, New York, USA - TheNewswire - October 21, 2020 - G6Materials Corp. ("G6" or the "Company") (TSXV:GGG )( OTC:GPHBF) , a technology company and world-leader in creating valuethrough innovative graphene-based solutions , is pleased to provide the followingbusiness update regarding G6's ongoing sale of air purificationproducts, its recently announced debt facility as well as the board'sgrant of stock options.

Air Purification Products

This year, the Company's research and development teamdeveloped a graphene-based technology to create a proprietary,enhanced air filtration system (the "Enhanced Air Filtration System"). Subsequently,a provisional patent application was filed to protect the intellectualproperty ("IP") rights for this technology.

Throughout the process of bringing the Enhanced Air Filtration System tomarket, G6 will strive to provide timely updates to shareholders andstakeholders in accordance with the following milestones:

• - Completing product design

  - Awarding the manufacturing contract

  - Receiving the hardware and chemically processing thegraphene-based materials

  - Generating initial revenues from theseproducts

  - Leveraging this IP into licensing arrangements,research projects, etc.

Debt Facility

The Company recently announced that it has entered intoa loan agreement with an arm's length third-party company, pursuant towhich G6 can now draw up to an aggregate principal amount of US$1.0million dollars on an unsecured basis for a one-year term. Anyprincipal amounts drawn under the facility will accrue interest at arate of 5.0% per year. The loan can be used for any general workingcapital need, however, the Company expects to use the proceeds to morespecifically fund, in whole or in part, a new production facility,incremental human resources as well as ongoing research anddevelopment.

Stock Option Grant

The board of G6 recently granted incentive stockoptions (the "Options") to acquire an aggregate amount of5,100,000 common shares ("Common Shares") of the Company atan exercise price of $0.08 per share, being equivalent to the closingprice of the Company's shares on the TSX Venture Exchange on October14, 2020. Options to acquire 2,700,000 Common Shares were granteddirectly or indirectly to officers and directors of the Company, whileOptions to acquire 2,400,000 Common Shares were granted to otheremployees, consultants and service providers of the Company. TheOptions vest immediately and expire five years from the date on whichthey were granted.

About G6 Materials Corp.

G6 Materials Corp. is a technology company andworld-leader in creating value through the development of innovativegraphene-based solutions. The Company is strategically focused on serving the global air filtration andpurification market with new products to meet growing demand. G6 alsosells a range of graphene-based products and other materials,including but not limited to 3D printing materials, conductiveepoxies, fine chemicals, high performance composites and R&Dmaterials, with numerous customers from among the Fortune 500 list ofcompanies, as well as NASA and leading universities.

G6 has identified new graphene-based applications toaccelerate growth into the future. Accordingly, the Company has avaluable IP portfolio currently comprised of three granted patents,three provisional patents and five patent applications filed. TheCompany's management team and employees have a deep understanding ofgraphene technology based on decades of aggregate academic andcommercial experience. Located in Ronkonkoma, New York, its premiumresearch laboratory and scalable production facility is equipped withadvanced analytical and material processing equipment.

The Company's e-commerce websites are listedbelow:

• - 3D Printing: 3D printable filaments can be purchasedat BlackMagic3D.com

  - Conductive Epoxies: Adhesive materials distributedunder the G6-Epoxy TM trade name and can be purchased at g6-epoxy.com

  - Fine Chemicals: ChemApproach is a worldwide supplierof a wide variety of unique chemical building blocks, which can befound at chemapproach.com

  - R&D Materials: Graphene Laboratories Inc.currently offers over 100 graphene and related products available at Graphene-Supermarket.com

Forward-Looking Information

This news release may contain forward-lookingstatements. Forward-looking statements are statements that relate tofuture, not past, events. In this context, forward-looking statementsoften address a company's expected future business and financialperformance, and often contain words such as "anticipate,""believe," "plan", "estimate","expect", and "intend", statements that an actionor event "may", "might", "could","should", or "will" be taken or occur, or othersimilar expressions. By their nature, forward-looking statementsinvolve known and unknown risks, uncertainties and other factors whichmay cause our actual results, performance or achievements, or otherfuture events, to be materially different from any future results,performance or achievements expressed or implied by suchforward-looking statements. Such factors include, among others, thefollowing risks: the risks associated with outstanding litigation, ifany; risks associated with adoption by industries of graphene-basedproducts health and environmental factors affecting adoption of thesetechnologies; reliance on key personnel; the potential for conflictsof interest among certain officers, directors or promoters withcertain other projects; the absence of dividends; competition;dilution; the volatility of our common share price and volume; and taxconsequences to U.S. shareholders. Forward-looking statements are madebased on management's beliefs, estimates and opinions on the date thatstatements are made, and the Company undertakes no obligation toupdate forward-looking statements if these beliefs, estimates, andopinions or other circumstances should change. Investors are cautionedagainst attributing undue certainty to forward-looking statements.Albeit the operation of newly suggested products are based on strongscientific evidence, the Company cannot guarantee the performanceparameters of the new products and their efficiency against thespecific microbes including all types of viruses and bacteria untiltesting is completed. Further, the Company can not guarantee anyoutcomes of such testing.

Neither the TSX Venture Exchange nor its regulationservices provider (as that term is defined in policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this news release.

Commercial Inquiries

Daniel Stolyarov, President & CEO

Telephone: (631) 405-5113

Email: daniel.stolyarov@graphene3Dlab.com

Investor Inquiries

G6 Investor Relations

Telephone: (631) 405-5114

Email: investors@graphene3Dlab.com

ON BEHALF OF THE BOARD: Daniel Stolyarov, President& CEO

SOURCE: G6 Materials Corp.

For more information on G6 Materials Corp., pleasevisit www.G6-Materials.com or its profile page on SEDAR at www.sedar.com.

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