EcoGraf : Appointed to FBI Ministerial Taskforce

ENGINEERED FOR PERFORMANCE

1 DECEMBER 2020

ASX: EGR

EcoGraf Appointed to FBI Ministerial Taskforce

FUTURE BATTERY INDUSTRY TASKFORCE NAMED TO DRIVE WESTERN

AUSTRALIA'S CRITICAL MINERALS INDUSTRY

EcoGraf Limited (EcoGraf or the Company) (ASX: EGR) is pleased to advise that it has been appointed to the Western Australian (WA) Future Battery Industry Ministerial Taskforce chaired by the Hon Bill Johnston, WA Minister for Mines and Petroleum, Energy and Industrial Relations.

The invitation to the Ministerial Taskforce is in recognition of the Company's contribution towards increasing Western Australia's participation in the global battery supply chain.

On Monday, Minister Johnston announced the Ministerial Taskforce and stated, "The updated Future Battery Industry Strategy will cement WA as a premier provider of minerals and materials, and a leader in technological expertise."

The other appointed resource industry companies represented on the Ministerial Taskforce are Albemarle Lithium, Australian Vanadium Limited, BHP Nickel West, IGO, Lynas Corporation, Northern Minerals, Pilbara Minerals and Tianqi Lithium Australia.

EcoGraf looks forward to supporting the WA Future Battery Industry Ministerial Taskforce.

The appointment coincides with the Federal Government's $1.5 billion Modern Manufacturing Strategy and the Company is pleased to advise the Minister for Industry, Science and Technology Hon Karen Andrews has released a video case study that includes EcoGraf's WA Manufacturing Facility. The video is part of the 'make it happen' modern manufacturing strategy and can be viewed at the following link:

https://youtu.be/1fiWmYrd3WM

The video and case study highlights EcoGraf's plans to establish a vertically integrated business to produce high purity graphite for the lithium-ion battery market in Western Australia.

The proposed 20,000 tonne per annum facility will manufacture battery anode products for export to Asia, Europe and North America using a superior, environmentally responsible purification technology to provide customers with sustainably produced, high performance battery anode graphite.

EcoGraf Limited	ABN: 15 117 330 757	Managing Director
Level 1/18 Richardson Street	E: [e-mail]	Andrew Spinks
West Perth WA 6005	www.ecograf.com.au	T: [phone]

This announcement is authorised for release by Andrew Spinks, Managing Director. For more information, please visit

https://www.mediastatements.wa.gov.au/Pages/McGowan/2020/11/Future- Battery-Industry-taskforce-members-named-to-drive-industry.aspx

For further information, please contact:

INVESTORS

Andrew Spinks

Managing Director

1. [phone]

ENGINEERING CLEAN ENERGY

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About EcoGraf

Founded on a commitment to innovation and sustainability, EcoGraf is building a vertically integrated business to produce high purity graphite for the lithium-ion battery market.

The new state-of-the-art processing facility in Western Australia will manufacture spherical graphite products for export to Asia, Europe and North America using a superior, environmentally responsible purification technology to provide customers with sustainably produced, high performance battery anode graphite. In time the battery graphite production base will be expanded to include additional facilities in Europe and North America to support the global transition to clean, renewable energy in the coming decade.

In addition, the Company's breakthrough recovery of graphite from recycled batteries using its EcoGrafTM process will enable the recycling industry to reduce battery waste and use recycled graphite to improve battery lifecycle efficiency.

To complement the battery graphite operations, EcoGraf is also developing the TanzGraphite natural flake graphite business, commencing with the Epanko Graphite Project, which will supply additional feedstock for the spherical graphite processing facilities and provide customers with a long term supply of high quality graphite products for industrial applications such as refractories, recarburisers and lubricants.

EcoGraf, a unique vertically integrated graphite business, positioned for the future of clean energy.

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