Ann: Battery Experts Hired to Lead Production at NY Battery Plant, page-8

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05/03/21

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0 About Magnis Energy Technologies(ASX:MNS, OTC:URNXF)Magnis Energy Technologies is a New York & Australian based Lithium-ion Battery Technology Company with Access to Gigafactories and an Advanced World Class Graphite Asset.

iM3NY (Imperium3) – New York Lithium-ion Battery Plant. The Imperium3 consortium consists of Magnis Energy Technologies Ltd, C4V LLC New York and Boston Energy and Innovation (BEI). Magnis owns 58% of iM3NY and the plant was independently valued at US$71m. The New York Battery Plant has multiple signed offtake agreements. NY State Government announced a US$13.25 funding package for the plant. The plant could support approximately 4-5 GWh with first production expected Q4 2021 - Q1 2022.

Next Steps: Demonstration of supply chain viability & validation of high yield battery production with commissioning & first production in H2 2021. Magnis will begin commercial producing in H1 2022.

Battery Technologies: Magnis' patented battery technologies have reported results of over 85% charge achieved in 6 minutes. The batteries have a long-life with high performance and have a low cost due to no nickel & cobalt. Demonstration program for New York State Transit Buses with BAE Systems, Consolidated Edison and funded by New York State Energy Research and Development Authority (NYSERDA).

iM3TSV – Townsville, Australia Lithium-ion Battery Plant. The Imperium3 consortium consists of Magnis Energy Technologies Ltd, C4V LLC New York and Boston Energy and Innovation (BEI). Magnis owns 33% of iM3TSV. Feasibility Study completed and approved (Aug 2020) – 18Gwh LIB plant indicates viable business case.

Nachu Graphite Project – The 100% owned Nachu Project represents one of the largest Mineral Resources of large flake graphite in the world and the Mineral Resource Estimate comprises 174 Million Tonnes (Mt) at an estimated grade of 5.4% Graphitic Carbon. The BFS highlights the exceptional economic returns and low technical risk of Nachu. The BFS delivers a post-tax NPV10% of US$1.69b and an internal rate of return (IRR) of 98%. Capital payback is projected within 14 months of first production.

Management – Magnis has a highly experienced/credible Management & Board with expertise in Lithium-Ion Batteries, Automotive Innovation & Mining sectors. Most notably the distinguished Professor M. Stanley Whittingham, winner of the Nobel Prize in Chemistry for his work in developing the Lithium-ion;

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0	About Magnis Energy Technologies(ASX:MNS, OTC:URNXF)Magnis Energy Technologies is a New York & Australian based Lithium-ion Battery Technology Company with Access to Gigafactories and an Advanced World Class Graphite Asset. iM3NY (Imperium3) – New York Lithium-ion Battery Plant. The Imperium3 consortium consists of Magnis Energy Technologies Ltd, C4V LLC New York and Boston Energy and Innovation (BEI). Magnis owns 58% of iM3NY and the plant was independently valued at US$71m. The New York Battery Plant has multiple signed offtake agreements. NY State Government announced a US$13.25 funding package for the plant. The plant could support approximately 4-5 GWh with first production expected Q4 2021 - Q1 2022. Next Steps: Demonstration of supply chain viability & validation of high yield battery production with commissioning & first production in H2 2021. Magnis will begin commercial producing in H1 2022. Battery Technologies: Magnis' patented battery technologies have reported results of over 85% charge achieved in 6 minutes. The batteries have a long-life with high performance and have a low cost due to no nickel & cobalt. Demonstration program for New York State Transit Buses with BAE Systems, Consolidated Edison and funded by New York State Energy Research and Development Authority (NYSERDA). iM3TSV – Townsville, Australia Lithium-ion Battery Plant. The Imperium3 consortium consists of Magnis Energy Technologies Ltd, C4V LLC New York and Boston Energy and Innovation (BEI). Magnis owns 33% of iM3TSV. Feasibility Study completed and approved (Aug 2020) – 18Gwh LIB plant indicates viable business case. Nachu Graphite Project – The 100% owned Nachu Project represents one of the largest Mineral Resources of large flake graphite in the world and the Mineral Resource Estimate comprises 174 Million Tonnes (Mt) at an estimated grade of 5.4% Graphitic Carbon. The BFS highlights the exceptional economic returns and low technical risk of Nachu. The BFS delivers a post-tax NPV10% of US$1.69b and an internal rate of return (IRR) of 98%. Capital payback is projected within 14 months of first production. Management – Magnis has a highly experienced/credible Management & Board with expertise in Lithium-Ion Batteries, Automotive Innovation & Mining sectors. Most notably the distinguished Professor M. Stanley Whittingham, winner of the Nobel Prize in Chemistry for his work in developing the Lithium-ion;