Northstar Validates High Quality Liquid Asphalt And Aggregate Through Positive Third-party Test Results |

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ( "Northstar" or the "Company" ) is pleased to announce that as part of the Company's commitment to quality, it has received positive testing results from an independent third-party testing facility for two of its outputs, liquid asphalt and aggregate. After initiating steady state production, liquid asphalt and aggregate were produced through the reprocessing of single-use asphalt shingles currently stockpiled on-site at Northstar's fully constructed asphalt shingle reprocessing facility in Delta, BC (the "Empower Pilot Facility" ). These independent third-party test results for liquid asphalt and aggregate confirm that these products meet the Company's end product specification objectives.

The table below compares the test results for Northstar's liquid asphalt with common liquid asphalt specifications in Canada for the three major specification criteria for liquid asphalt:

Penetration (dmm) @ 25°C & 100g

1. The specifications listed above are not exhaustive for all asphalt specifications. 2. Any test requirement identified as N/A indicates that the test is not required for that product specification.

The Northstar specification analysis is as expected and designed and confirms that:

Mr. Aidan Mills , President & CEO and Director of Northstar, stated, "We have always believed that the outputs created through our proprietary bitumen extraction and separation technology ("BEST") design process were of high quality and now we have the independent test results to support this. Through commissioning and steady state production, we are now fully extracting liquid asphalt from asphalt shingles as designed and producing high quality end products, as expected. We believe this testing confirms that our two primary products will be able to re-enter the manufacturing process for asphalt shingles, creating a circular economy, and used in the hot-mix asphalt manufacturing process for road paving."

"Quality is a critical part of our business and independent third-party testing is an important element of that. The Company now has in-house testing capability to satisfy ourselves, and our customers, that we have exceptional products with stringent quality control procedures. Softening point, penetration, and flash point specification testing has become an integral part of our steady state production processes," continued Mr. Mills.

As outlined by the results above, Northstar believes its liquid asphalt can be used for:

The Company also announces that it has moved its registered and records offices to the Company's location at 7046 Brown Street, Delta, BC V4G 1G8.

Northstar Clean Technologies Inc. is a Vancouver -based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at its Empower Pilot Facility in Delta, British Columbia . As an emerging innovator in sustainable processing, Northstar's mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America , extracting the recovered components from asphalt shingles that would otherwise be sent to landfill.

For further information about Northstar, please visit www.northstarcleantech.com .

‍ On Behalf of the Board of Directors, Aidan Mills President & CEO, Director

Cautionary Statement on Forward-Looking Information

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. The TSXV has neither approved nor disapproved the contents of this press release.

This press release may contain forward‐looking information within the meaning of applicable securities legislation, which forward‐looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Forward-looking statements in this press release include the Company's expectation that shingle manufacturers can increase the penetration grade of Northstar's liquid asphalt through minor blending operations of 0.5%-2.0% rejuvenation product, that they can meet bulk roofing specification through minor blending operations of 2.0%-5.0% and that Northstar's liquid asphalt would be suitable for paving application by blending 5.0%-10% of Northstar's liquid asphalt into virgin asphalt; its belief that these test results confirm that Northstar's two primary products can re-enter the manufacturing process for asphalt shingles and can be used in the hot-mix asphalt manufacturing process, as well as Northstar's belief that its liquid asphalt can be used for the applications specified in the news release. Forward‐looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward‐looking information. Such risks and uncertainties include, but are not limited to, factors discussed under "Risk Factors" in the final prospectus of the Company dated June 18, 2021 . The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

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Asphalt shingles are the most popular roofing material in North America. This represents the 4th largest category of construction waste. It is estimated that over 13 million tons of asphalt roofing shingles are disposed of each year in the United States, contributing to already over-crowded landfills. As costs for waste disposal and landfills pile up, companies are increasingly looking for methods to offset their carbon footprint. Luckily, they say one man’s trash is another man’s treasure.

Based on industry research, the Canadian and US markets for asphalt shingle recovery and repurposing are valued at US$1.35bn and US$7bn, respectively, according to a 2021 Global Markets Insights report. With the world shifting to more environmentally friendly solutions for waste reduction and recycling, investors could see significant upside by investing in emerging companies like Northstar where limited processing solutions exist for processing single-use asphalt shingles. Northstar aims to drive sustainable asphalt recovery to new innovative heights in the rapidly growing cleantech space.

Northstar Clean Technologies (TSXV:ROOF, TSXV:ROOF.WT,OTCQB: ROOOF) is a Vancouver-based clean technology company focused on the recovery and repurposing of single-use asphalt shingles. The Company has a fully constructed Empower Facility in Delta, British Columbia and a proprietary design process, which enables it for advancing expansion opportunities in the near future.

Northstar is strongly positioned to potentially become a major innovative player in this particular niche of the clean technology space, having a binding off-take agreement for 100 percent of oil production with a strategic multi-national construction corporation. Northstar also has significant leverage with a first-mover advantage, as the first public company to repurpose asphalt shingles. Northstar’s mission is to become the leading asphalt shingle material recovery provider in North America, extracting 99 percent of the recovered components from single-use asphalt shingles that would otherwise be sent to a landfill.

Most importantly is the recovery of the liquid asphalt, which has seen its price soar to $820 per tonne in recent months, up from a low of $617 per tonne in late 2020. Pricing for liquid asphalt can be found here: http://www.onasphalt.org/mtopriceindex/index.html

At the Empower Facility, Northstar operates a proprietary design process and recovery capability for single-use asphalt shingles that would otherwise be sent to a landfill. Northstar’s major input and output revenue streams from tipping fees and three processed output products (liquid asphalt, fiber and aggregate), respectively, demonstrate the potential of Northstar’s unique business model.

2022 will be an exceptionally exciting year for Northstar Clean Technologies as it completes the final stages of ramping up into commercial production at the Empower Facility. In the first half of 2021, the Company already completed a $12.24 million financing and in July 2021, the Company completed its listing onto the TSX Venture Exchange. Northstar offers investors a near-term revenue opportunity with the expected production commencement of its fully constructed Empower Facility in Delta, BC in Q1 2022.

With near-term revenue, a cashed up balance sheet and low expected capex on its first expansion facility, Northstar has a strong financial position, enabling the company to capitalize on expansion opportunities in both Canada and the United States in 2022 and beyond.

Northstar’s leadership team has a combined 280 years of experience across a strong team of industry professionals. Their operational and capital markets expertise primes the company for impressive economic growth and investment upside in a world rapidly shifting to clean technological solutions.

With the company’s proprietary Bitumen Extraction and Separation Technology (BEST), Northstar Clean Technologies aims to keep asphalt shingles from becoming waste materials in landfills and repurposing discarded shingles to manufacture new marketable products.

Northstar Clean Technologies operates its Empower Facility located in Delta, BC. Strategically located near Highway 17 and Highway 99, Empower is easily accessible for roofing and waste hauling companies throughout Metro Vancouver.

Northstar has a significant existing stockpile of asphalt shingle material ready for processing and the equipment and infrastructure needed to commence operations on site. The facility is well-equipped for its commercial production.

James Currie has over 40 years of experience as a registered professional engineer with senior management, engineering and operations experience. He was the former COO of TSX and NYSE-listed Equinox Gold, Pretium Resources and New Gold. Mr. Currie holds a B.Sc. Degree from Queen’s University in Mining Engineering. He was also the 2014 co-winner of AME BC’s prestigious EA Scholtz Award for Excellence in Mine Development at the New Afton mine.

Mr. Mills is a highly experienced executive with over 30 years of global experience. He spent 19 years with British Petroleum (BP) PLC, which included roles from his start as a graduate control engineer through project and maintenance engineering, corporate strategy, United Kingdom commercial gas and power development, and North American origination, to a role as a senior vice-president in Calgary with accountability for trading, asset and customer development and management. Mr. Mills then spent five years as vice-president, commodity marketing and supply, with Husky Energy in Calgary and two years as managing director with Goldman Sachs. Following a role as vice-president, downstream, for MEG, Mr. Mills was most recently chief commercial officer at the Friesen Group of Companies, a privately owned Calgary business. Mr. Mills is a chartered engineer (CEng) (United Kingdom), and he holds a bachelor of engineering in electrical and electronics engineering from Edinburgh University and a master of business administration with distinction from the Edinburgh Business School.

Mr. Currie has 15 years of experience. He is the CIO, Managing Partner and Co-Founder of Capital Event Management (CEM) and CEM Capital ($10m+ in AUM). Incepted in 2010, CEM has organized 65 investment conferences to date that have been linked to over $1 billion in transactions. Mr. Currie orchestrated five go-public listings on the TSXV raising more than $60 million.

Gord Johnson has over 25 years of experience in building, growing & managing companies. He served with Northstar since its inception in 2015. Mr. Johnson was also the former CEO of Save Energy Walls, Lodgeview Entertainment and Intrepid Security.

Gregg Sedun has nearly 40 years of experience. Former Partner at the Vancouver law firm Rand Edgar Sedun and specialized in the practice of corporate finance and securities law. Current President & CEO of Global Vision Capital Corp. Founding Director of Diamond Fields Resources (sold to Inco for $4.3 billion), Adastra Minerals (sold to First Quantum Minerals for $275 million) and founding shareholder of Peru Copper (sold to Chinalco for $875 million).

James Borkowski has 25 years of experience, serving in executive roles for several private and public companies, and has specialized in operations, product development and strategic communications for clients including 7-Eleven, Caesar’s Palace, Fairmont Hotels and Target. Former CEO of Stonepoint.

Terry Charles has over 30 years of experience as a manager of several companies in the transportation industry. He has served with Northstar since its inception in 2015 and was the former president of Gemaco.

Ms. Rosemary Pritchard has joined Northstar as Chief Financial Officer ("CFO"). Ms. Pritchard intends to develop the Company's financial strategy and structure with a focus on non-dilutive funding and growth. As well as bringing deep financial expertise, she will also have accountability for the Company's human resources and information technology departments. Ms. Pritchard has 30 years of executive finance experience in a variety of industries. Her roles included 9 years in the construction industry in controllership and COO roles, 5 years in public practice at Grant Thornton LLP, 8 years as CFO of the national furniture retailer Urban Barn , a Vancouver -based company with over 50 locations and more than 650 employees.

Jim Bird is a professional engineer with over 35 years of experience in the construction industry in Western Canada and internationally. He has held various positions such as CEO, executive VP, VP and director with several major corporations. Mr. Bird has experience in all aspects of management with expertise in product development, performance management and asphalt manufacturing.

Carson Sedun has ten years of industry and capital markets experience. He is the principal of Annapurna Advisors and a former investment banking associate with Canaccord Genuity and Dundee Capital Markets. Mr. Sedun holds an MBA from the Schulich School of Business, a B.Com from McGill University and a Graduate Certificate in Mining Engineering from UBC.

Ms. Johnston brings a wealth of experience as a senior environment, social, and governance ("ESG") practitioner. She brings with her a strategic understanding and experience of global sustainability issues with deep expertise in leadership, risk identification and mitigation, and strategy implementation. Ms. Johnston also has excellent team-building skills, demonstrated in her collaboration with local, national and international teams as well as advising and reporting sustainability subject matters to C-suites and Boards of Directors. She possesses great passion for the ESG and sustainability industry, and this dedication is accurately reflected in her deep knowledge of these sectors.

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that today it has filed its first quarter 2022 financial statements and management's discussion and analysis ("MD&A") on SEDAR for the 3 months ended March 31, 2022 . These documents are also available on the Company's website at www.northstarcleantech.com . The Company has scheduled a virtual investor webcast to discuss these financial results and to provide a business update to the investment community on Tuesday, May 31, 2022 at 5:30 am PST 8:30 am EST . Details are provided below.

Mr. Aidan Mills , President & CEO of Northstar, commented, "The first quarter was a pivotal one for Northstar as it demonstrated that the company has the potential to deliver the steps needed for an ESG business to succeed: 1) a technology that works; 2) the ability to scale up that technology; and 3) a clear commercialization strategy."

"The achievement of steady state production and the delivery of specification product at the Empower Pilot Facility in Delta B.C. clearly demonstrates step 1. These products have undergone rigorous testing by several potential customers across the Company's target market sectors, and we continue to believe that liquid asphalt produced by Northstar is suitable in paving, shingle manufacturing and roofing system ("flat roof") manufacturing. In parallel with the customer testing, we have added in-house and independent third-party testing to our capabilities," Mr. Mills stated. "Stringent quality control procedures are now in place for softening point, penetration, and flash point specifications which are a key customer requirement and now an integral part of our steady state production processes. Both steady state production and customer feedback has enabled us to identify areas of plant improvement – both for the Empower Pilot Facility in Delta B.C. and to be incorporated into the next detailed design phase for the Calgary scale-up facility ("Empower Calgary Facility")."

"The selection of Calgary as our first scale-up location, combined with our announcement of the successful completion of the front-end engineering design ("FEED") for our Empower Calgary Facility means we are on a clear pathway to step 2. The FEED design outlined a total capital cost estimate of $11.75 million for the Calgary Empower Facility, which includes $9.75 million in direct and indirect costs, plus an additional $2.0 million contingency. The recently announced life-cycle analysis, based on the FEED design, seeks to demonstrate that the Empower Calgary Facility that has a 60% lower carbon emissions footprint versus the base case of sending shingles to landfill and replacing the asphalt content with virgin production," continued Mr. Mills.

"Lastly, our announced project economics includes $7.6 million in estimated annual revenue per facility (1) , $4.9 million in estimated annual gross profit per facility (1) , and $4.0 million in potential annual EBITDA per facility (1)(2) . Additionally, we believe there is clear achievable targets identified for asphalt pricing, which recently eclipsed $1,000 per tonne, sustainability or 'green' premium, operational performance, carbon credit revenue, tipping fee revenue, and operating assumptions. This detailed analysis of the economics for our facilities, combined with the strong potential customer feedback from their detailed asphalt testing programs hopes to show that step 3 is achievable."

"In summary, we have a highly cost-effective, low carbon production asset running a technology capable of producing high quality products in demand by material customers and delivering strong economic performance. 2022 is shaping up to be an exciting year for our Company," concluded Mr. Mills.

Based on these results, the Company believes that its technology works, which is shown through the steady state production at the Empower Pilot Facility, it is commercially viable and environmentally impactful.

Significant Events Subsequent to the Quarter Ended March 31, 2022

Topic : Northstar Clean Technologies Q1 2022 Financial Results Webcast

Time : 05:30 am PST / 08:30 am EST

Webcast URL : https://us06web.zoom.us/webinar/register/9016497132073/WN_rIiCj_o4SQiFJp_a8ySRzQ

Approximately two hours after the Q&A session has ended, an archived version of the webcast will be available via the webcast URL above.

Based on anticipated first full operational year.

Earnings before interest, taxes, depreciation and amortization ("EBITDA " ) is a Non-GAAP financial measure and refers to earnings determined in accordance with IFRS, before depreciation and amortization, interest expense (finance costs) and income tax expense. EBITDA should not be construed as alternatives to net income/loss determined in accordance with International Financial Reporting Standards ("IFRS"). EBITDA does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives.

For further information about Northstar, please visit www.northstarcleantech.com .

On Behalf of the Board of Directors, Aidan Mills President & CEO, Director

Cautionary Statement on Forward-Looking Information

This press release may contain forward–looking information within the meaning of applicable securities legislation, which forward–looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Forward-looking statements in this press release include statements concerning any projections or anticipated financial results of the Company, the scheduled virtual investor webcast, its confidence that it will play a pivotal role in the circular economy of the asphalt industry, its belief that the FEED design can be deployed across expansion facilities, its belief that its products can enter the circular economy while diverting waste from landfills, the Company's ability to generate future revenue from carbon credits, tipping fees and from the sale of its end-use products, and its projected project economics for its proposed Calgary Empower Facility. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company as well as those risks and uncertainties which are more fully described under the heading "Risk Factors" in the final prospectus of the Company dated June 18, 2021 and in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR. The novel strain of coronavirus, COVID-19, and ongoing dispute between the sovereign state of Ukraine and Russia also pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward–looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

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SOURCE Northstar Clean Technologies Inc.

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Independent life cycle assessment of Northstar's Calgary scale up facility confirms carbon dioxide equivalent emissions benefits vs. landfilling asphalt shingles and use of virgin materials

Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce the positive results of a second independent carbon dioxide equivalent ("CO 2 e") life cycle assessment ("LCA") completed by Burgess Environmental Ltd. ("Burgess") for selected performance indicators for Northstar's planned scale up asphalt shingle reprocessing facility in Calgary, Alberta ("Calgary Empower Facility"). The LCA is based on sophisticated modeling from the front-end engineering design ("FEED") completed by BBA Inc. ("BBA"), Northstar's engineering consultant, on March 25, 2022 . The LCA assessed the impacts and benefits of reprocessing asphalt shingles and compared them to the impacts and benefits related to the disposal of discarded or defective asphalt shingles in landfills and virgin production of asphalt shingles.

Calgary Empower Facility's Carbon Dioxide Emissions:

Virgin Production and Landfill Disposal Carbon Dioxide Emissions:

Aidan Mills , President & CEO and Director of Northstar, states, "We are very happy with the results of our second independent LCA for the Calgary Empower Facility. The results show strong potential CO 2 e emission savings of 60% for our Calgary Empower Facility over virgin production and landfill disposal carbon dioxide equivalent emissions. The completion of the LCA is another step towards the development of our Calgary Empower Facility and builds on the momentum of the completion of the FEED design and awarding of non-dilutive grant funding from Alberta Innovates. This analysis quantifies how our operations in Alberta can support our customers and industry partners in delivering circular and "green" renewable asphalt produced with significantly lower carbon intensity. The industry needs to significantly reduce its carbon emissions and landfill disposal, and we are working to become a sustainable solution for reprocessing asphalt shingles across North America ."

Mr. Mills also said, "Our long-term vision is to be an environmentally responsible, sustainable clean technology company delivering renewable products with a significantly lower carbon intensity. In addition to the full diversion of asphalt shingles from landfills, we now know our production process can deliver a meaningful reduction in CO 2 e emissions and make a significant contribution to the circular economy in the asphalt industry. We are committed to the long-term sustainability of our operations and are very pleased to see that our clean technology is proving itself to be a significant contributor in the transition to a low carbon economy."

Additionally, depending on the regulatory and legislative framework, carbon dioxide equivalent emissions benefits may allow Northstar to potentially generate future revenue and margins from carbon credits, in addition to the expected revenue streams from incoming tipping fees and from the sale of its end-use products: liquid asphalt, fibre, and aggregate.

The LCA compared the following performance indicators for the Calgary Empower Facility to virgin asphalt production and landfill disposal of discarded or defective asphalt shingles:

CO 2 e emissions from the Calgary Empower Facility are expected to be 60% lower than the emissions related to virgin production and landfill disposal of the asphalt shingles, emitting 77 kg of carbon dioxide equivalent per tonne of feed stock compared to 195 kg of carbon dioxide equivalent per tonne of feedstock for virgin production and landfill disposal. This implies a net carbon emission savings of 117 kg of carbon dioxide equivalent per tonne of feedstock. Assuming that the Calgary Empower Facility operates five days per week and 52 weeks per year and has a production range of between 150 and 200 tonnes per day, net estimated carbon dioxide emission savings are expected to be in the range of 3,500 tonnes to 4,700 tonnes of carbon dioxide equivalent per year. In addition, each 1 tonne of feedstock processed is expected to reduce water consumption in the range of 18,000 m 3 to 24,000 m 3 per year and avoid land disturbance in the range of 13,800 m 2 to 18,400 m2 0.46 m 2 per year.

The full detailed LCA can be downloaded on our website at the following link: https://www.northstarcleantech.com/environmental .

Northstar anticipates that it will release its Q1 2022 financial results on May 30 th and will host an investor update call before market opens on May 31 st .

Virtual Investor Webcast Call Details

Topic : Northstar Clean Technologies Q1 2022 Financial Results Webcast

Time : 05:30 am PST / 08:30 am EST

Webcast URL : https://us06web.zoom.us/webinar/register/WN_rIiCj_o4SQiFJp_a8ySRzQ

Approximately two hours after the Q&A session has ended, an archived version of the webcast will be available via the webcast URL above.

Footnotes: (1) Assuming the Calgary Empower Facility operates five days per week and 52 weeks per year.

For further information about Northstar, please visit www.northstarcleantech.com .

On Behalf of the Board of Directors,

Aidan Mills President & CEO, Director

This press release may contain forward‐looking information within the meaning of applicable securities legislation, which forward‐looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Forward-looking statements in this press release include statements concerning the anticipated release of the Company's Q1 2022 financial results and the scheduled virtual investor webcast, its confidence that it will play a pivotal role in the circular economy of the asphalt industry, its belief that the FEED design can be deployed across expansion facilities, its belief that its products can enter the circular economy while diverting waste from landfills, the Company's ability to generate future revenue from carbon credits, tipping fees and them the sale of its end-use products, and its projected project economics for its proposed Calgary Empower Facility. Such statement are subject risks and uncertainties, that may cause actual results, performance or developments to differ materially from those contained in statements, including risks related to factors beyond the control of the Company as well as those risks and uncertainties which are more fully described under the heading "Risk Factors" in the final prospectus of the Company dated June 18, 2021 and in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR. The novel strain of coronavirus, COVID-19, and ongoing dispute between the sovereign state of Ukraine and Russia also pose risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

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SOURCE Northstar Clean Technologies Inc.

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Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce that today it has filed its audited annual financial statements and management's discussion and analysis ("MD&A") on SEDAR for the year ended December 31, 2021 . These documents are also available on the Company's website at www.northstarcleantech.com . The Company has scheduled a virtual investor webcast to discuss these financial results and to provide a business update to the investment community on Thursday, April 28, 2022 at 2:00 pm PST 5:00 pm EST . Details are provided below.

Mr. Aidan Mills , President & CEO of Northstar, commented, "In 2021, the Northstar team did an excellent job of laying the groundwork for Northstar's future. 2021 was the most progressive and successful year for our Company to date. Our $12.24 million financing completed in July 2021 funded the development of our Empower Pilot Facility in Delta, British Columbia and supported the development of our planned Calgary Empower Facility in Calgary, Alberta . We are now in steady state production at our Empower Pilot Facility and progressing towards commercial production. We also recently completed our independent front-end engineering design ("FEED") for our planned Calgary Empower Facility. The completion of the FEED design was a significant milestone for us and validated our cost estimates allowing us to move forward with even more confidence as we begin work on our Calgary Empower Facility."

Mr. Mills continues, "Putting all of this together, we are confident that Northstar will play a pivotal role in the circular economy and that we are well positioned to capitalize on the triple bottom line: people, planet and profit. These past six months have been defined by an independent third-party validation of our business, confirmation that we are producing specification product with our technology, and establishing the foundation to build a low carbon, circular economy business across North America . The independent life cycle assessment validated strong carbon dioxide emission savings of 60%, cementing our view that the reprocessing of asphalt shingles is significantly greener than the landfill alternative. 2022 is shaping up to be an exciting year for our Company."

Topic: Northstar Clean Technologies Annual Financial Results Webcast Date: April 28, 2022 Time: 14:00 PST / 17:00 EST

Webcast URL: https://us06web.zoom.us/webinar/register/9016497132073/WN_u_xNkBZATnmLvtWyYwM9Mw

Approximately two hours after the Q&A session has ended, an archived version of the webcast will be available via the webcast URL above.

(1) Based on anticipated first full operational year. (2) Earnings before interest, taxes, depreciation and amortization ("EBITDA") is a Non-GAAP financial measure and refers to earnings determined in accordance with IFRS, before depreciation and amortization, interest expense (finance costs) and income tax expense. EBITDA should not be construed as alternatives to net income/loss determined in accordance with International Financial Reporting Standards ("IFRS"). EBITDA does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives.

For further information about Northstar, please visit www.northstarcleantech.com .

On Behalf of the Board of Directors, Aidan Mills President & CEO, Director

This press release may contain forward–looking information within the meaning of applicable securities legislation, which forward–looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Forward-looking statements in this press release include statements concerning the Company's scheduled virtual investor webcast, its confidence that it will play a pivotal role in the circular economy and that it is well positioned to capitalize on the triple bottom line, its belief that the FEED design can be deployed across expansion facilities, its belief that its products can enter the circular economy while diverting waste from landfills, and its projected project economics for its proposed Calgary scale up facility. Forward–looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward–looking information. Such risks and uncertainties include, but are not limited to, factors discussed under "Risk Factors" in the final prospectus of the Company dated June 18, 2021 . The Company does not undertake any obligation to update such forward–looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

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SOURCE Northstar Clean Technologies Inc.

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Northstar Clean Technologies Inc. (TSXV: ROOF), (OTCQB: ROOOF) ("Northstar" or the "Company") has announced that it will be presenting at the 2022 Asphalt Roofing Manufacturers Association ("ARMA") Spring Committee & Board Meeting Series. The Company's presentation "Repurposing Asphalt Roofing Materials" will highlight the Company's important contribution to the fight against landfill waste. The presentation is scheduled for April 26, 2022 at 8:30 am Central Time . Speaking at this event from Northstar will be the following:

The 2022 ARMA meetings are being held in person in Kansas City, Missouri , from April 25-28, 2022 , and will also be made available virtually for those who are unable to attend in person.

The Asphalt Roofing Manufacturers Association (ARMA) is a trade association representing North America's asphalt roofing manufacturing companies and their raw material suppliers. The association includes the majority of North American manufacturers of asphalt shingles and asphalt low slope roof membrane systems. Information that ARMA gathers on modern asphalt roofing materials and practices is provided to building and code officials, as well as regulatory agencies and allied trade groups. Committed to advances in the asphalt roofing industry, ARMA is proud of the role it plays in promoting asphalt roofing to those in the building industry and to the public.

For more information about ARMA and the 2022 Spring Committee & Board Meeting Series, visit www.asphaltroofing.org .

For further information about Northstar, please visit www.northstarcleantech.com .

On Behalf of the Board of Directors, Aidan Mills President & CEO, Director

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SOURCE Northstar Clean Technologies Inc.

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Northstar Clean Technologies Inc. (TSXV: ROOF) (OTCQB: ROOOF) ("Northstar" or the "Company") is pleased to announce the results from its internal management-prepared economic analysis for its planned expanded-capacity asphalt shingle reprocessing scale up facility in Calgary, Alberta ("Calgary Empower Facility"). As part of the recently released independent front-end engineering design ("FEED") study prepared by BBA Engineering Ltd. which provided a pre-feasibility level capital estimate for the planned Calgary Empower Facility, the Company completed a detailed internal financial analysis of the planned Calgary Empower Facility. The Company sensitized a broad range of both operational and financial assumptions to ultimately arrive on a conservative base case, which is provided here, as well as identify certain variables to provide potential upside. The results and major assumptions are provided below. All currencies quoted within this press release are in Canadian dollars.

Mr. Aidan Mills , President & CEO and Director of Northstar stated, "For a sustainable, environmental, social and governance-focused business to succeed, we believe it needs the following: Step 1) a technology that works; Step 2) the ability to scale up that technology; and Step 3) a clear and profitable commercialization strategy. Our steady state production of specification products at our Empower Pilot Facility in Delta, B.C. demonstrates Step 1 and we believe our announcement of the successful completion of our FEED study means we are on a clear pathway to Step 2. Our detailed analysis of the potential financial returns for our facilities, described below, hopes to convey to stakeholders that Step 3 is achievable."

Mr. Mills continued, "While these results are exciting for our Company, we believe a clear pathway to further upside may be available. Our internal financial analysis underpins the triple bottom-line potential of our technology, creating potential profit while benefiting our stakeholders, including shareholders, employees and the communities where we operate, and creating a positive impact on the environment. In the City of Calgary , we have the ability to not only divert approximately 30,000 to 50,000 tonnes of asphalt shingles per facility from the municipal landfill, but also potentially deliver an approximate annual EBITDA (2) of $4 Million . Not only can we help provide major municipalities across Canada and the United States with a unique circular economy and modular solution for reprocessing single-use asphalt shingles, but we hope that we can increase shareholder value and provide additional benefits to our various stakeholders."

Average revenue generated by Tipping Fees, Asphalt, Fiber and Aggregate sales

Includes lease, salaried staff and plant operating overheads

Management's View on Potential Upside of Project Economics:

For more information of the FEED study, please see the Company's news release dated March 31, 2022 filed under its profile on SEDAR .

Based on anticipated first full operational year.

Earnings before interest, taxes, depreciation and amortization ("EBITDA") is a Non-GAAP financial measure and refers to earnings determined in accordance with IFRS, before depreciation and amortization, interest expense (finance costs) and income tax expense. EBITDA should not be construed as alternatives to net income/loss determined in accordance with International Financial Reporting Standards ("IFRS"). EBITDA does not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives.

About Northstar Northstar Clean Technologies Inc. is a Vancouver -based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt, aggregate and fiber for usage in new hot mix asphalt, construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale in the circular economy. As an emerging innovator in sustainable processing, Northstar's mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America , extracting the recovered components from asphalt shingles that would otherwise be sent to landfill.

For further information about Northstar, please visit www.northstarcleantech.com .

On Behalf of the Board of Directors, Aidan Mills President & CEO, Director

Cautionary Statement on Forward-Looking Information

This press release contains forward–looking information within the meaning of applicable securities legislation, which forward–looking information reflects the Company's current expectations regarding future events. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions. Forward-looking statements in this press release include, but are not limited to, statements regarding: the steps necessary for an environmental, social and governance-focused business to succeed; any anticipated upside from the Company's management-prepared economic analysis and, in connection therewith, the Company's ability increase shareholder value and provide additional benefits to our various stakeholders; the Company's various pricing assumptions, processing tonnage quotes, operation hours, tax incentives or carbon credits, and other operation assumptions noted under the heading "Management's View on Potential Upside of Project Economics", as well as any other general statements regarding the perceived benefits of the Calgary Empower Facility and Northstar's technology. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company as well as those risks and uncertainties which are more fully described under the heading "Risk Factors" in the final prospectus of the Company dated June 18, 2021 and in the Company's annual and quarterly management's discussion and analysis and other filings with the Canadian securities regulatory authorities under the Company's profile on SEDAR. The novel strain of coronavirus, COVID-19, also poses new risks that are currently indescribable and immeasurable. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company does not undertake any obligation to update such forward–looking information whether because of new information, future events or otherwise, except as expressly required by applicable law.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. The Company does not intend, and does not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law.

This news release also contains future-oriented financial information and financial outlook information (collectively, "FOFI") about the Company's expected revenues, cash flow, gross margins, and EBITDA (2) following the start of operations at its Calgary Empower Facility, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set out in the above paragraphs. The actual financial results of the Company accordingly may vary from the amounts set out herein and such variation may be material. Northstar and its management believe that the FOFI quotes herein has been prepared on a reasonable basis, reflecting management's best estimates and judgments. However, because this information is subjective and subject to numerous risks, it should not be relied on as necessarily indicative of future results. Except as required by applicable securities laws, the Company undertakes no obligation to update such FOFI. FOFI contained in this news release was made as of the date hereof and was provided for the purpose of providing further information about Northstar's anticipated future business operations following the start of operations at its Calgary Empower Facility. Readers are cautioned that the FOFI contained in this news release should not be used for purposes other than for which it is disclosed herein.

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SOURCE Northstar Clean Technologies Inc.

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German carmaker Volkswagen (OTC Pink:VLKAF,FWB:VOW) could overtake US-based Tesla (NASDAQ:TSLA) on battery electric vehicle (BEV) sales as early as 2024.

Meanwhile, China’s BYD (SHA:002594) would rank third for BEV sales globally in 2025 followed by a slew of legacy automakers achieving around 1 million annual BEV sales, a recent report from BloombergNEF states.

“Looking ahead, automakers in Europe, China and elsewhere will continue to challenge Tesla via an impending wave of new models, though profit incentives are limited amid rising battery costs and a lack of scale,” said Michael Dean, senior European automotive industry analyst at Bloomberg Intelligence. “That may change in 2025 to 2026 as more brands achieve critical mass on new-generation models with proprietary software.”

Volkswagen, which already leads European sales, has ambitious plans ― achieve a 25 percent BEV sales mix by 2025 to 2026, or about 2.5 million units annually. The German automaker is also investing as much as 30 billion euros in the supply chain, including the opening of six new battery cell plants in Europe by 2030.

In 2021, Volkswagen delivered 263,000 all-electric vehicles, with an overall goal for half of its global output to be all-electric vehicles by 2030. Performing well ahead of its competitors, the German carmaker has committed 159 billion euros over the next five years for investment in electrification.

But in order to dethrone Tesla, which is expected to double its sales in 2023 compared to 2021 on new capacity ramping up in Germany and Texas, Volkswagen would need to expand its European dominance in other regions such as China, the BloombergNEF report shows.

The global BEV sales mix is expected to reach 15 percent in 2025 compared to about 6 percent in 2021, with China remaining the dominant region.

“China’s carrot-and-stick approach to stoking EV sales could push battery-electrics to account for 25 percent of all passenger vehicle purchases by 2025,” said Steve Man, senior China automotive industry analyst at Bloomberg Intelligence. “Sales in China have surged since the launch of the country’s new energy vehicle credit program despite erratic component supply.”

However, for BEVs to remain cost competitive, battery prices are key.

“The middle of this decade will also coincide with a wave of dedicated BEV platforms, new-battery technology and digitalization that will likely make the vehicles more affordable and desirable to consumers,” the report notes.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Graphene Manufacturing Group Ltd. (TSXV: GMG) (FSE: 0GF) ("GMG " or the "Company") is pleased to announce that the Company has commissioned its graphene aluminium-ion batteries ("G+AI Batteries") in pouch cell format and that the first G+Al battery pouch cells have been manufactured. With the addition of the pouch cell equipment to the existing pilot production and testing plant ("Battery Pilot Plant"), GMG now has operationalised the Battery Development Centre ("BDC") to enable the productization of this technology for a wide variety of applications.

GMG's Managing Director and CEO, Craig Nicol, commented: "The commissioning of our pouch cell manufacturing equipment is another important milestone for GMG. It allows us to capitalise on the experience already gained with coin cell development and testing to open the avenues for our technology to a much broader application base. Much of the interest from prospective customers lies in our ability to productize the pouch cell, which can be found in a large range of end products ranging from personal and industrial appliances to grid batteries and EVs."

"Having our own fully equipped and staffed Battery Development Centre will further enhance our ability to co-innovate with partners that continue to express strong interest in the initial performance results and future potential of G+AI Batteries" Nicol said.

As previously announced, subject to successful commercial prototypes and a final investment decision, GMG aims to construct an initial commercial coin cell G+AI Battery manufacturing facility, followed by first production and sales of G+AI Batteries with the development of G+AI Batteries in pouch cell format occurring in parallel in the Battery Development Centre. The location of this initial commercial manufacturing facility is not yet decided but will likely be in Australia where GMG's headquarters and existing operations are located.

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

For further information, please contact:

- Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223 - Leo Karabelas at Focus Communications, info@fcir.ca, +1 647 689 6041

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the productization of the pouch pack technology and its potential applications; and the effect of the BDC on innovation and partnerships.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the deployment of the Company's resources, including its personnel; the successful commercialization and industrial application of the battery pouch pack format; the market demand for the Company's products; and the results and impacts of the BDC will differ from the Company's expectations.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the benefits and impacts of the BDC; the Company's ability to research, develop and test its products within anticipated timelines; and market demand for the Company's products.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127839

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TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB) Nano One® Materials Corp. ("Nano One" or the "Company"), a clean technology innovator in battery materials, is pleased to announce the appointment of Lisa Skakun as an independent director on it's Board of Directors effective immediately

Paul Matysek, Executive Chair, commented, "On behalf of the board and the entire team, we welcome Lisa to Nano One at an exciting time for the Company. Lisa brings extensive business, regulatory and governance experience. Lisa's proven track record and her depth of knowledge will be an invaluable asset as we focus on the Company's core growth initiatives in Québec and British Columbia to deliver long-term value for our stakeholders and the global lithium-ion battery supply chain."

Lisa Skakun is a lawyer and executive with over 20 years of experience in a variety of private and public industries. Currently the Chief Legal, Regulatory and Corporate Affairs Officer of Coast Capital Savings Federal Credit Union, Lisa is responsible for all legal, mergers and acquisitions, public affairs, compliance, financial crimes risk management and corporate governance functions. Prior to Coast Capital Savings, Lisa was the Chief Legal & Administrative Officer at Mogo Finance Technology, at TSX listed fintech company, from 2015-2018. Lisa has her LLB from the University of British Columbia, a Master of Laws degree in business law from Osgoode Hall Law School at York University, and also holds her ICD.D designation from the Institute of Corporate Directors. Lisa is the recipient of the Lexpert Zenith Award: Celebrating Women in Law, the Association of Women in Finance's PEAK award for Rising Star, and the National Post Award for Tomorrow's Leader at the Western Canada General Counsel Awards and has been named to Canada's Diversity 50 list by the Canadian Board Diversity Council. Previously, Lisa was the Board Chair of Kwantlen Polytechnic University, a past board member on the Cause We Care Foundation, a previous Chair of the BC Business Law Section of the Canadian Bar Association, and was also member of the Securities Law Advisory Committee for the British Columbia Securities Commission.

Annual General Meeting (AGM) and Management Update

Nano One, with the approval of the Toronto Stock Exchange, has selected Tuesday, July 26, 2022 at 1:30pm Pacific time to hold it's AGM for the fiscal year ended December 31, 2021. The AGM will be held virtually and will be followed by a corporate presentation and update by management. Details regarding how to attend the meeting and corporate presentation will be provided in advance of the AGM.

Nano One® Materials Corp (Nano One) is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. The technology is applicable to electric vehicle, energy storage, consumer electronic and next generation batteries in the global push for a zero-emission future. Nano One's One-Pot process, its coated nanocrystal materials and its Metal to Cathode Active Material (M2CAM®) technologies address fundamental performance needs and supply chain constraints while reducing costs and carbon footprint. Nano One has received funding from various government programs and the current "Scaling of Advanced Battery Materials Project" is supported by Sustainable Development Technology Canada (SDTC) and the Innovative Clean Energy (ICE) Fund of the Province of British Columbia. For more information, please visit www.nanoone.ca

Changing how the world makes battery materials

Nano One: Paul Guedes info@nanoone.ca (604) 420-2041

Media Contact: Chelsea Nolan Antenna Group for Nano One nanoone@antennagroup.com (646) 854-8721

SOURCE: Nano One Materials Corp.

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dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") announces the resignation of Ms. Rebecca Hudson and Mr. W. Clark Kent from the Board of Directors of the Company effective immediately. dynaCERT thanks Ms. Hudson and Mr. Kent for their services on the Board of Directors.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Website: www.dynaCERT.com.

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.

On Behalf of the Board

Jim Payne, CEO & President dynaCERT Inc. #101 – 501 Alliance Avenue Toronto, Ontario M6N 2J1 +1 (416) 766-9691 x 2 jpayne@dynaCERT.com

Investor Relations dynaCERT Inc. Nancy Massicotte +1 (416) 766-9691 x 1 nmassicotte@dynaCERT.com

Click here to connect with dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) to receive an Investor Presentation

TSX:NANO) (OTC:NNOMF) (Frankfurt:LBMB

Nano One® Materials Corp. ("Nano One" or the "Company"), is hosting a live steam event today with Rio Tinto and links previously provided in earlier news release will no longer work. Please see updated live streaming links below.

English https://iframe.dacast.com/live/d9096886654ded8fe9e0e5748f27bf1f/78fffff7-2aea-10eb-d1cc-c4269c22bb4e

Français https://iframe.dacast.com/live/d9096886654ded8fe9e0e5748f27bf1f/5a65827e-f457-0e99-ed56-6fd80c4bc03c

An archived video will be posted on the Nano One website after the event.

Changing how the world makes battery materials

Rio Tinto is a mining and metals company operating in 35 countries around the world that produces the materials essential to human progress. It aims to help pioneer a more sustainable future, from partnering in the development of technology that can make the aluminum smelting process entirely free of direct GHG emissions, to providing the world with the materials it needs - such as copper and titanium - to build a new low-carbon economy and products like electric vehicles and smartphones.

Rio Tinto has a long history in Québec, Canada where it operates significant aluminium, iron and titanium businesses. Rio Tinto is building a leading battery materials business, with three lithium projects in development across the United States, Argentina and Serbia.

Nano One: Paul Guedes info@nanoone.ca (604) 420-2041

Media Contact: Chelsea Nolan Antenna Group for Nano One nanoone@antennagroup.com (646) 854-8721

Rio Tinto: Simon Letendre simon.letendre@riotinto.com (514) 796-4973

SOURCE:Nano One Materials Corp.

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TSX:NANO)(OTC PINK:NNOMF)(FRA:LBMB

Nano One® Materials Corp. (" Nano One" or the "Company"), a clean technology innovator in battery materials, and Rio Tinto, a leading global mining and metals group, have agreed to enter into a strategic partnership providing iron and lithium products, collaboration and a US$10M investment into Nano One. This partnership and funding will accelerate Nano One's multi-cathode (multi-CAM) commercialization strategy and support cathode active materials (CAM) manufacturing in Canada for a cleaner and more efficient battery supply chain for North American and overseas markets.

Dan Blondal,CEOof Nano One said "The global transition to a low-carbon electrified economy will require millions of tonnes of battery materials, so it is critically important to produce these materials efficiently and with the lowest environmental footprint. Rio Tinto's partnership and support complement our recent announcement to acquire Johnson Matthey's LFP business in the nearby community of Candiac, Québec and amplifies the Government of Canada's Mines-to-Mobility initiative, which aims to encourage a localized battery ecosystem to serve the broader North American market. Rio Tinto brings deep experience in high volume production and technology commercialization, as well as a growing battery metals business. We are excited to be partnering with Rio Tinto, our shared vision will see many opportunities for collaboration as we drive for change."

Nano One's patented One Pot Process and metal to cathode active material (M2CAM) technologies form a unique manufacturing platform that enables nickel-rich (NMC), iron-rich (LFP) and manganese-rich (LNMO) lithium-ion cathode active materials to be made sulfate-free from a range of battery metal sources with fewer steps, lower costs, less complexity and a much smaller environmental footprint. The technology applies to all lithium-ion battery chemistries for applications in electric vehicles, renewable energy storage and portable electronics.

Rio Tinto has made a strategic equity investment into Nano One for gross proceeds of US$10M, equivalent to C$12,536,500. On closing, Nano One will issue a total of 4,643,148 common shares (the "Shares"), approximately 4.9% of the current issued and outstanding Shares of Nano One, at C$2.70 per Share (the "Issue Price") in a non-brokered private placement. This investment will be directed towards technology and supply chain development, commercialization, Nano One's acquisition of the Candiac facility in Québec (announced 25 May 2022 pending completion), its conversion to One-Pot lithium iron phosphate (LFP) and industrial scale piloting of other Nano One CAM technologies, and for working capital purposes.

Provisions of the investment agreement with Rio Tinto include participation rights in any future equity financings to maintain pro rata ownership interest for a period of five years from the date of closing; a lock up on securities dispositions and a standstill for a period of 12 months from the date of closing, subject to certain exemptions.

"Canada has positioned itself as a global leader in critical minerals and batteries, and with partnerships like the one we see here today with Nano One, Rio Tinto and our government, we continue to see the growing success of the Canadian electric vehicle battery market. Throughout recent years, our government has supported Nano One with over $10 million in funding to help bring their unique innovation to market, doubling down on Canadian innovation and Canadian workers' expertise in the critical minerals sector." saidThe Honourable Francois-Philippe Champagne, Minister of Innovation, Science and Industry.

Rio Tinto and Nano One will on closing, enter into a strategic collaboration agreement that includes a study of Rio Tinto's battery metal products, including iron powders from the Rio Tinto Fer et Titane facility in Sorel-Tracy, Québec, as feedstock for the production of Nano One's cathode materials. Rio Tinto will contribute know-how from its Critical Minerals and Technology Centre, which has developed a unique expertise in the extraction and processing of critical minerals such as lithium and scandium, as well as minerals from Canada, the United States, and other international sources to further drive localization of the lithium ion battery value chain.

Rio Tinto will collaborate on technical and business matters as may be required in developing, designing, constructing and operating cathode production facilities. Nano One will issue to Rio Tinto 1,000,000 non-transferrable Share purchase warrants (a "Warrant") as consideration for their technical and support services. Each Warrant shall entitle Rio Tinto to purchase one Share at an exercise price of C$4.00 for a period of 12 months from the date of issuance.

Marnie Finlayson, Managing Director of Rio Tinto's Battery Materials portfolio added, "Localized, clean and secure supply chains are critical for the success of the energy transition that is now underway and this requires partnerships with innovative companies like Nano One to help us differentiate, disrupt and accelerate the path to a net-zero future. We are pleased to back and support Nano One's ambitions to drive for change and we look forward to bringing Rio Tinto's deep experience and know-how in commercialization and large scale projects to this exciting initiative."

"Critical minerals are a generational opportunity for Canada, and our government is committed to developing an end-to-end Canadian battery supply chain, from exploration to recycling. This is why the partnership between Nano One and Rio Tinto is so promising - it's an example of the collaboration we need to develop a globally competitive supply chain that will position Canada to lead in the global energy transition. By leveraging Canada's wealth of critical minerals and our skilled workforce, we can create good jobs, drive clean growth and ensure economic opportunities for communities across the country," said the Honourable Jonathan Wilkinson, Minister of Natural Resources.

Nano One and Rio Tinto will be hosting a live broadcast event discussing the strategic partnership on Thursday June 9th, 2022, at 1:30 - 2:30 pm EDT. Live streaming of the event can be found here:

English https://iframe.dacast.com/live/d9096886654ded8fe9e0e5748f27bf1f/361ffb17-396c-46f2-b529-be7197edcdcf

Français https://iframe.dacast.com/live/d9096886654ded8fe9e0e5748f27bf1f/b0b48def-eb49-dde4-cbac-1fc424cea3ad

An archived video will be posted on the Nano One website after the event.

All securities issued pursuant to this collaboration arrangement are subject to a restricted hold period of four months and a day, under applicable Canadian securities legislation. Closing is subject to certain customary closing conditions, including the approval of the Toronto Stock Exchange (the "Exchange"). The Company expects closing to occur within 30 days.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Nano One® Materials Corp (Nano One) is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. The technology is applicable to electric vehicle, energy storage, consumer electronic and next generation batteries in the global push for a zero-emission future. Nano One's One-Pot process, its coated nanocrystal materials and its Metal to Cathode Active Material (M2CAM® ) technologies address fundamental performance needs and supply chain constraints while reducing costs and carbon footprint. Nano One has received funding from various government programs and the current "Scaling of Advanced Battery Materials Project" is supported by Sustainable Development Technology Canada (SDTC) and the Innovative Clean Energy (ICE) Fund of the Province of British Columbia. For more information, please visit www.nanoone.ca

Changing how the world makes battery materials

Rio Tinto has a long history in Qué bec, Canada where it operates significant aluminium, iron and titanium businesses. Rio Tinto is building a leading battery materials business, with three lithium projects in development across the United States, Argentina and Serbia.

Nano One: Paul Guedes info@nanoone.ca (604) 420-2041

Media Contact: Chelsea Nolan Antenna Group for Nano One nanoone@antennagroup.com (646) 854-8721

Rio Tinto: Simon Letendre simon.letendre@riotinto.com (514) 796-4973

Certain information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes, but is not limited to, statements with respect to: the closing of the financing and related transaction, the approval by the Exchange for the financing; closing of the pending acquisition of the Candiac facility in Qué bec; the development of technology, supply chains, and plans for construction and operation of cathode production facilities; successful collaboration with Rio Tinto; and execution of the Company's future business strategy, all of which are contingent on partnerships, support and grants and the commercialization of the Company's technology and patents. Generally, forward-looking information can be identified by the use of terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', ‘target', ‘goal', ‘focus', ‘build', ‘engage', ‘potential' or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: approval of the Issuance by the Exchange; closing of the pending acquisition of the Candiac facility in Québec; the development of technology, supply chains, and plans for construction and operation of cathode production facilities; successful collaboration with Rio Tinto execution of the Company's future business strategy; any future collaborations that may happen with miners, OEM's or others; the Company's ability to achieve its stated goals, the commercialization of the Company's technology and patents; and other risk factors as identified in Nano One's MD&A and its Annual Information Form dated March 28, 2022, both for the year ended December 31, 2021, and in recent securities filings for the Companies which are available at www.sedar.com. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.

SOURCE:Nano One Materials Corp.

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