HydroGraph Clean Power : INVESTORS PRESENTATION

CSE: HG | OTCQB: HGCPF | FRA: M98

IGNITING MATERIAL CHANGE

Investor Presentation October 2023

Forward-Looking Statement

This deck contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and

information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "upon" "anticipate", "believe", "continue", "plans" or similar

terminology. Forward-looking statements and information include, but are not limited to: the use of the net proceeds from the previously announced private placement, anticipated benefits resulting from the Marketing Services Agreement, the future exercise of the Options, ability to successfully increase commercial scale production at its manufacturing facility, and the timing thereof, the potential valuation of Company, any EBITDA predictions, the commercialization of HydroGraph's products that lead to customer contracts resulting in our potential valuation and EBITDA predictions, and the Company's business plans and strategies.

Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of HydroGraph to control or predict, that may cause HydroGraph's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: HydroGraph's ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and

transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on

favorable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. HydroGraph does not undertake any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

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CSE: HG | OTCQB: HGCPF | FRA: M98

HydroGraph is the most cost-effective producer of high purity graphene in the industry with game-changingenvironmental benefits

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CSE: HG | OTCQB: HGCPF | FRA: M98

A Global Leading Graphene Manufacturing Company

With a patented, environmentally friendly, process that produces the highest quality graphene at the greatest cost efficiency, we have begun commercialization

MARKET POSITION

Strong customer response to HydroGraph's product and value proposition

• Patented Hyperion system produces 99.8% pure graphene with a high value to price ratio
• The Hyperion System is compact and modular allowing flexibility to build close to the customer, minimizing supply chain risk
• Can be nano-engineered for various applications, enabling integration of graphene into a multitude of materials
• Most environmentally friendly process in the world
• Engaged with 50+ customers
• • 20 different applications
  • 23 testing agreements/NDAs signed
  • 20 customers testing graphene in their products

ECONOMICS

A $2.5B graphene market opportunity

• Uniquely positioned for multiple high growth, multi billion-dollar markets
• Positioned to be the global leader in producing pure graphene at scale
• Each Hyperion System can produce over 10MT/year and about $2M in graphene sales with only $150k in Capex required
• EBITDA margin over 40%
• ~$8M in Hyperion System Capex will generate ~ $100M in graphene sales, +$40M in EBITDA annually

4m

HydroGraph's Hyperion System

10 tonne/yr capacity

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CSE: HG | OTCQB: HGCPF | FRA: M98

The HydroGraph Graphene Revolution - Igniting a Greener World

HydroGraph produces pristine graphene with the smallest environmental footprint

• Each Hyperion System saves 1,000 tonnes of CO2 equivalent emissions
• No chemicals or solutions as part of the process
• No greenhouse gas emissions
• Minimal energy consumption

And helps customers reduce their environmental footprint, for example ….

• HydroGraph increases the mechanical properties of materials such as concrete, cement and composites by 30% to 50% requiring less of the original material to be produced
• • Reduces 450 kg of CO2 per ton of concrete produced -- 2 billion tonnes of concrete produced annually
  • Converting 1% of total concrete production to use graphene will reduce CO2 emission equivalent to taking 2.7 million cars off the road each year
• HydroGraph increases the life of lubricants by 24x, requiring less disposal and cleanup of spent lubricants

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CSE: HG | OTCQB: HGCPF | FRA: M98