PRESS RELEASE

from Grafoid Inc.

Grafoid Inc. Announces Appointment of Chris Chapman as Chief Executive Officer

KINGSTON, ON / ACCESSWIRE / September 17, 2024 / Grafoid Inc. ("GRAFOID" or the "Company"), a global leader in the graphene products and applications market, announced today that it has appointed Chris Chapman as Chief Executive Officer, effective August 1, 2024. Mr. Chapman will also join Grafoid's Board of Directors effective August 1, 2024.

Chris is no stranger to Grafoid, having worked closely with the team for the last 2 years on product development and commercialization strategies. With a strong background in business strategy, customer experience and operational leadership, Chris brings a wealth of experience to this new role.

Chris commented, "I am excited to formally join Grafoid Inc. and build on the strong foundation laid by Marc Roy. I look forward to driving innovation, operational excellence, and growth with our talented team."

Marc Roy, outgoing President and CEO of Grafoid, commented, "I wish to thank the Board of Directors, management, employees and our dedicated shareholders for all of the support you have provided to me. I remain confident in the great potential and future of Grafoid's products in development and I believe this is the ideal time to allow Chris to continue the development of the product pipeline and move forward with plans to gain traction in the marketplace and commercialize product development."

About Grafoid

Founded in 2011, Grafoid Inc. is a graphene research, development and investment company that invests in, manages and develops markets for processes that produce economically scalable graphene for use in graphene development applications by leading corporations and institutions. Grafoid's leading investment produces application friendly, minimal-defect, high-energy density few layer graphene, utilizing a safe, non-destructive extraction process, leaving the lowest possible ecological footprint. The completely unique, proprietary process results in what Grafoid regards as a new global standard for economically scalable, high-purity graphene products-that can be tailored to both industrial and commercial applications.

Neither 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 release.

Contacts:
Judith Mazvihwa-MacLean
CFO
(613) 581-4040
jmazvihwa@grafoid.com

SOURCE: Grafoid Inc.



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