BLACK SWAN GRAPHENE LAUNCHES ITS FOURTH GRAPHENE ENHANCED MASTERBATCH PRODUCT: A REVOLUTIONARY THERMOPLASTIC POLYURETHANE MASTERBATCH

TORONTO, July 9, 2024 /CNW/ - Black Swan Graphene Inc. ("Black Swan" or the "Company") (TSXV: SWAN) (OTCQB: BSWGF) (Frankfurt: R96) is pleased to announce the release of its fourth commercial Graphene Enhanced Masterbatch ("GEM") product, as it continues to deploy broad commercialization efforts.

This new thermoplastic polyurethane ("TPU") masterbatch is a revolutionary addition to the GraphCore™ 01 product line ("GraphCore"). TPU is a versatile polymer that combines the properties of rubber and plastic, making it an ideal material for a variety of applications ranging from industrial to consumer goods; inflatable products are particularly well suited for this new GEM.

Using this new GEM, Black Swan has demonstrated a 25% improvement in lightweighting capability, along with other mechanical performance improvements.

The Company has launched this year the GraphCore Graphene Nanoplatelet (GNP) dispersion and powder products. The GraphCore Powder (GC1004) is the core building block used in the four GEM products released to date:

1. GEM X23M for use in Polypropylene, a commercial product typically used in the automotive industry for bumpers (fenders), interiors, battery casings and general packaging applications. The use of this Black Swan GEM can enhance impact resistance by approximately 20%;
2. GEM S24M, also for use in Polypropylene, improves tensile properties typically in fibre applications, often used in textiles, ropes and composites;
3. GEM D26M improves tensile properties of Polyamide Nylon 6, a versatile engineering plastic used in automotive under-hood applications, electrical component housing, seatbelts, industrial wire and cables; and
4. GEMbB25K for use in thermoplastic polyurethane, typically used in applications such as fan belts, conveyer belts, mobile phone covers, cable covers, consumer goods and footwear. This Black Swan GEM enhances tensile strength and elasticity, resulting in a weight reduction of up to 25%, as demonstrated in specific applications.

Michael Edwards, Chief Operating Officer of Black Swan, commented: "We are pleased with the launch of our fourth commercial GEM product which has been through rigorous industrial trials and is commercially ready. We have garnered commercial interest from several potential customers, showcasing our new GEM's applicability in various industries, including clothing, inflatables, and sporting goods. Swan Chemical Inc., one of Black Swan's distributors targeting the United States, expects demand for the product, which is now available for shipment in volume from their warehouse in Akron, Ohio. We also anticipate further interest directly from customers in the near future."

About Black Swan Graphene Inc.

Black Swan is focused on the large-scale production and commercialization of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete, polymers, Li-ion batteries, and others, which are expected to require large volumes of graphene. Black Swan aims to leverage the low cost and green hydroelectricity of the province of Québec as well as the proximity of the province's emerging graphite industry in order to establish an integrated supply chain, reduce overall costs, and accelerate the deployment of graphene usage. On March 27, 2023, Black Swan, Nationwide Engineering Research and Development Ltd. and Arup Group Ltd. ("Arup") announced strategic partnerships, establishing a fully integrated supply chain, and providing a turnkey solution for the construction and concrete industries. Arup is a multinational engineering consultancy headquartered in London, United Kingdom, with 18,000 experts working across 140 countries. Black Swan's graphene processing technology was developed by Thomas Swan & Co. Ltd. ("Thomas Swan") over the last decade. Thomas Swan is a United Kingdom-based global chemicals manufacturer, with a century-long track record and has been at the forefront of graphene innovation.

More information is available at: www.blackswangraphene.com.

Black Swan Graphene Inc. on behalf of the Board of Directors

Simon Marcotte, CFA, President & Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to the TSXV listing, risk related to the failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with the industry; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in development activities or the completion of feasibility studies; the uncertainty of profitability; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of feasibility studies, and the possibility that future results will not be consistent with the Company's expectations; risks related to commodity prices fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Furthermore, performance results of graphene products as additives can vary widely depending on type and the specificity of the target material, the specifics of the graphene product itself, including but not limited to, carbon purity, particle size, surface agent, dispersion behavior, and application and usage methods. Investors are cautioned against attributing undue certainty to forward-looking statements and initial test results. These forward-looking statements and test results are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances, except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projections.

SOURCE Black Swan Graphene Inc.

For more information please contact: Paul Hardy, Vice President - Corporate Development, [email protected], [phone]