Gratomic Extends Closing of Non-Brokered Offering

Tuesday, May 12, 2020 2:30 PM

TORONTO, ON / ACCESSWIRE / May 12, 2020 / Gratomic Inc. (“GRAT” or the “Company”) (TSXV:GRAT)(FRANKFURT:CB81)(WKN:A143MR) further to the Company’s Press Releases dated April 8, 2020, April 21, 2020 and April 22, 2020 relating to the proposed Offering and debt settlement referred to in those press releases, the Company will be extending the closing of the Offering for a further 30 days from today’s date. As a result of the coronavirus pandemic (as referred to in the Company’s press release of April 24, 2020), the Company as well as First Republic Capital Corporation, the lead finder of the Offering, are experiencing delays in obtaining information from Namibia necessary to close the Offering. The Company will issue a further press release when any further information is available with respect to the timing of the closing of the Offering.

About Gratomic Inc.

Gratomic is an advanced materials company focused on mine to market commercialization of graphite products most notably high value graphene-based components for a range of mass market products. We have a Joint Venture collaboration with Perpetuus Carbon Technology, a leading European manufacturer of graphenes, to use Aukam graphite to manufacture graphene products for commercialization on an industrial scale. The Company is listed on the TSX Venture Exchange under the symbol GRAT.

For more information: visit the website at www.gratomic.ca or contact:

Arno Brand at abrand@gratomic.ca or 416 561-4095

“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.”

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).