Mr. Johann Tergesen reports

BURCON ANNOUNCES RIGHTS OFFERING

Burcon NutraScience Corp. will be offering rights to holders of its common shares of record at the close of business on April 2, 2015. Pursuant to the rights offering, each holder of common shares will receive one transferable right for each common share held. Every 22 rights will entitle a holder to purchase one common share at a price of $2.26. The subscription price is equal to approximately 78.4 per cent of the volume-weighted average trading price of the common shares on the Toronto Stock Exchange for the five-day period ended on March 20, 2015. A maximum of 1,552,044 common shares will be issued pursuant to the rights offering, representing approximately 4.55 per cent of the currently issued and outstanding common shares.

A rights offering circular, together with a rights certificate, will be mailed to registered holders of common shares as of the record date. To subscribe for common shares, a completed rights certificate, together with payment in full of the subscription price for each common share subscribed for, must be received by the subscription agent for the rights offering, Computershare Investor Services Inc., prior to the expiry of the rights at 5 p.m. (Toronto time) on April 30, 2015. The rights and the common shares issuable upon exercise of the rights will be listed on the Toronto Stock Exchange. The rights will be listed for trading on the TSX beginning on March 31, 2015, under the symbol BU.RT.A. Trading in the rights on the TSX will cease at 12 p.m. (Toronto time) on April 30, 2015. The common shares issuable upon the exercise of the rights will also be listed on the Nasdaq Global Market.

The rights offering will include an additional subscription privilege, under which holders of rights who fully exercise their rights will be entitled to subscribe pro rata for additional common shares, if available, that were not otherwise subscribed for in the rights offering.

The gross proceeds and estimated net proceeds of the rights offering, assuming full exercise of the rights, will be approximately $3,508,000 and $3,318,000, respectively. The net proceeds to Burcon from the rights offering will be used by Burcon for continued research and development of its pea and soy protein extraction and purification technologies; commercialization of Burcon's pea protein extraction and purification technology; filing new patent applications; maintaining, strengthening and expanding Burcon's intellectual property portfolio; pursuing product development agreements with major food, beverage and nutritional product companies; continued research and development of Burcon's other protein extraction; and purification technologies, as well as for general working capital.

In connection with the rights offering, Burcon has entered into a standby commitment agreement with ITC Corp. Ltd., E-Concept Ltd. and I-Global Ltd. Pursuant to the standby commitment agreement, ITC, E-Concept and I-Global have agreed, subject to certain conditions, to purchase from Burcon such number of common shares that are available to be purchased, but not otherwise subscribed for under the rights offering, which will result in 1,552,044 common shares being issued under the rights offering. A copy of the standby commitment agreement will be filed on March 23, 2015, on SEDAR.

As compensation for providing the standby commitment, each of ITC, E-Concept and I-Global is entitled to receive non-transferrable common share purchase warrants, entitling ITC to acquire up to 198,429 common shares, E-Concept to acquire up to 104,220 common shares and I-Global to acquire up to 85,362 common shares. The exercise price under the standby warrants is $2.26 per common share. The standby warrants will expire two years after issuance. In accordance with the policies of the TSX, the exercise of the standby warrants by each of ITC, E-Concept and I-Global is subject to shareholder approval, which will be sought at Burcon's next annual meeting, which is expected to be held in September, 2015.

The circular in respect of this rights offering will be filed in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick and Nova Scotia. Full details of the rights offering, including information regarding the distributions of the rights and the procedures to be followed, are included in the circular, which will be filed on March 23, 2015, on SEDAR and will be mailed to eligible shareholders following the record date. The rights offering will be made in the united states pursuant to a registration statement on Form F-7, which will be filed on March 23, 2015, with the U.S. Securities and Exchange Commission.

We seek Safe Harbor.