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ProAm Explorations Corporation Capital/Financing Update 2026

Jan 31, 2026

43938_rns_2026-01-30_be59b4a3-643a-41dd-90d3-e8506b669163.pdf

Capital/Financing Update

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Stikeman Elliott LLP Barristers & Solicitors 4200 Bankers Hall West 888 - 3rd Street S.W. Calgary, AB T2P 5C5 Main: 403 266 9000

Fax: 403 266 9034 www.stikeman.com

July 11, 2025 BY SEDAR+

British Columbia Securities Commission Alberta Securities Commission Financial and Consumer Affairs Authority of Saskatchewan, Securities Division The Manitoba Securities Commission Ontario Securities Commission Financial and Consumer Services Commission, New Brunswick Nova Scotia Securities Commission Office of the Superintendent of Securities, Prince Edward Island Office of the Superintendent of Securities, Newfoundland & Labrador Office of the Yukon Superintendent of Securities Office of the Superintendent of Securities, Northwest Territories

CONSENT

Dear Sirs and Mesdames:

Office of the Superintendent of Securities, Nunavut

Re: Prospectus Supplement dated July 11, 2025, accompanying the Final Short Form Base Shelf Prospectus dated March 7, 2025, of Grapheme Manufacturing Group Ltd.

We refer to the prospectus supplement dated July 11, 2025 (the "Supplement") of Graphene Manufacturing Group Ltd. (the "Corporation") relating to the offering of ordinary shares in the capital of the Issuer having an aggregate offering price up to C\$20,000,000 by way of "at-the-market distributions" within the meaning of National Instrument 44-102 – Shelf Distributions.

We hereby consent to being named on page (ii) of the Supplement and under the heading "Legal Matters" and consent to being named and to the use of our opinions under the headings "Certain Canadian Federal Income Tax Considerations" and "Eligibility for Investment", which opinions are provided as of the date of the Supplement.

We confirm that we have read the Supplement and have no reason to believe that there are any misrepresentations (as defined in the Canadian securities legislation) in the information contained in the Supplement that are derived from our opinions referred to above or that are within our knowledge as a result of the services we provided in connection with such opinions.

This is a consent contemplated by Section 10.1 of National Instrument 41-101 – General Prospectus Requirements, and to the extent permitted by law we disclaim any liability beyond the statutory liability provisions of Canadian securities legislation applicable to the Supplement.

Yours truly,

"Stikeman Elliott LLP"

Stikeman Elliott LLP