Mason Graphite Inc. reported the following announcement from Black Swan Graphene Inc. ("Black Swan"). Mason currently owns approximately 41% of the total shares issued and outstanding of Black Swan. Black Swan Graphene Inc. and Nationwide Engineering Research and Development Ltd. ("NERD") are pleased to announce a strategic partnership being embedded in a fully integrated supply chain which will include Arup Group Limited, a multinational engineering consultancy headquartered in London, United Kingdom, with 18,000 experts working across 140 countries.

At the core of the partnership between Black Swan and NERD, is the completion of an equity swap where each company will own approximately five percent (5%) of the outstanding shares of the other (the "Equity Swap"), and the execution of a supply agreement between the two companies (the "Supply Agreement") under which NERD will be sourcing its graphene requirements from Black Swan. Concurrently with the creation of the partnership between Black Swan and NERD, Arup is expected to enter into a partnership with NERD, pursuant to which it is expected to gain ownership of 4.2% of the outstanding shares of NERD. The partnerships between Black Swan and NERD, and between NERD and Arup, are intended to enhance expertise and create an integrated supply chain aimed at accelerating the adoption of graphene-enhanced concrete globally.

NERD, a spin-out company from Nationwide Engineering Group, has developed a graphene-enhanced admixture for concrete, ConcreteneTM ("Concretene"), which can significantly increase the strength of the material in mix designs, allowing for cement reduction and lowering of carbon footprint on construction projects. This is important for the global construction industry, from which cement manufacture currently accounts for approximately 8% of global CO2 emissions. Imminent legislative requirements for decarbonisation mean the sector must act rapidly to ensure sustainability.

Concretene is a graphene-enhanced admixture for concrete that has demonstrated the ability to reduce CO2 emissions by approximately 30%, driven mainly by a significant reduction in the volume of concrete required to achieve equivalent performances. A meaningful reduction, if not an elimination, of rebar requirements, combined with a longer life cycle of the concrete, represent additional cost saving opportunities for the industry. The product has been developed in partnership with The University of Manchester's Graphene Engineering Innovation Centre ("GEIC").

NERD is rapidly advancing the adoption of Concretene in conjunction with the GEIC and is in advanced evaluation stage for projects with partners such as Heathrow and Manchester Airports, Network Rail, National Highways, and the Nuclear Decommissioning Authority in the United Kingdom. Black Swan is a producer of low cost and high-performance graphene powders, derived from graphite, ideally suited for the concrete industry. Black Swan's graphene technology was originally developed by Thomas Swan & Co.

Ltd. and advanced internally until the launch of Black Swan in 2021. Black Swan has indicated its intention to significantly increase its graphene production including in the graphite production facility of Nouveau Monde Graphite Inc. currently in operation in Quebec, Canada, aiming to create an integrated facility from graphite ore in the ground to graphene finished products.