Mr. Michael Cammarata reports

NEPTUNE CREATES TWO NEW ROLES TO SUPPORT ITS EXPANSION

Neptune Wellness Solutions Inc. has made two new additions to its team to support the company's rapid growth. Neptune has appointed Stephen Lijoi as vice-president, operations, and Jose Dominguez as cannabis sommelier and formulation specialist.

Mr. Lijoi will oversee all of Neptune's extraction, manufacturing and packaging operations at the company's two facilities, Sherbrooke, Que., and Conover, N.C. Mr. Lijoi has close to 30 years of experience in quality assurance and overseeing all aspects of pharmaceutical and nutritional supplement manufacturing operations. His wide-ranging experience includes positions with global companies, supervising over 1,000 employees, managing rapid capacity expansions and holding responsibilities with several manufacturing facilities in various countries. He has also been involved with comprehensive cGMP (current good manufacturing practices) and FDA (Food and Drug Administration) regulatory programs and standards.

"We are pleased to have Stephen join us at this stage of our expansion as we anticipate rapidly ramping up our processing capabilities at the Sherbrooke facility and the SugarLeaf facility in North Carolina. Considering his experience and achievements, we have full confidence in his ability to support Neptune's vision of quality, safety and operational excellence," said Michael Cammarata, Neptune's chief executive officer.

Mr. Dominguez will start in September in a newly created position of cannabis sommelier and formulation specialist. Mr. Dominguez will play an instrumental role in creating, designing and formulating vape pens for Neptune. In addition to these efforts, Mr. Dominguez will also assist in producing several additional products, which include tinctures, topicals and beverages.

"Jose significantly increases our formulation capabilities for various product forms, especially in the vape pens category, which is expected to grow rapidly in the next few years," added Mr. Cammarata. "Jose is a fixture in the Canadian cannabis landscape, and coupling his experience with our work at Neptune, we are confident in his ability to bring wholly owned, unique sought-after products to the cannabis space for our customers."

Mr. Dominguez has earned more than 40 individual cannabis awards during his career including first place awards for CBD (cannabidiol) flower, sativa flower, hybrid flower and solvent-less hash, which he won at the 2016 Lift Cannabis Cup in Vancouver. In the same year, Highway Magazine named Mr. Dominguez as Canada's cannabis champion following his success at the Karma Elite Medical Marijuana Cup in 2016 with a first place win for sativa flower and CBD flower.

About Neptune Wellness Solutions Inc.

Neptune Wellness Solutions specializes in the extraction, purification and formulation of health and wellness products. Neptune's wholly owned subsidiary, 9354-7537 Quebec Inc., is licensed by Health Canada to process cannabis at its 50,000-square-foot facility located in Sherbrooke, Que. With the recent acquisition of SugarLeaf, the company now has a U.S.-based hemp extract supply chain supported by a 24,000-square-foot facility located in North Carolina. Neptune and SugarLeaf combined bring decades of experience in the natural products sector to the legal cannabis and hemp industry.

We seek Safe Harbor.