Mr. Michel Lafrance reports

POET TECHNOLOGIES ANNOUNCES RESULTS OF ANNUAL MEETING

Poet Technologies Inc. has released the results of its annual general and special meeting held on Aug. 12, 2014. The shareholders approved, with the requisite majorities, all matters presented to the meeting, including the 2014 stock option plan, the bylaw No. 1 amendment, the possible share consolidation, the shareholder rights plan and the election of the following nominees to the board of directors as was proposed in the information circular:

• Peter Copetti;
• Adam Chowaniec;
• Sheldon Inwentash;
• Ajit Manocha;
• John F. O'Donnell;
• Dr. Samuel Peralta;
• Dr. Geoff Taylor;
• Chris Tsiofas.

All directors received the required majority vote from shareholders. The shareholders also approved the reappointment of Marcum LLP of Hartford, Conn., as the auditor of the company for the ensuing year.

Shareholders were presented with updates by Mr. Copetti, Dr. Taylor, and Mr. Manocha, Stephane Gagnon and Lee Shepherd, on the status the company and the progress of the Poet technology. Each reinforced that the core component of the company's strategy going forward is to continue to develop the Poet platform. Poet enables monolithic fabrication of integrated circuit gallium arsenide devices containing both electronic and optical elements on a single wafer.

Following the AGM, shareholders were provided the opportunity to take a tour of the company's Odis facility to further reinforce the stated objective to drive efforts to monetize the Poet platform. Shareholders in attendance were welcomed by the Odis team at the facility and given a showcase of the intricacy of this breakthrough technology.

In a subsequent meeting of the directors that followed the AGSM, the following executive officers were reappointed for the ensuing year:

• Mr. Copetti, executive chairman and interim chief executive officer;
• Mr. Manocha, vice-chairman of the board;
• Leon M. Pierhal, president;
• Kevin Barnes, treasurer and chief financial officer;
• Mr. Gagnon, senior vice-president of operations;
• Mr. Shepherd, vice-president of technology;
• Michel Lafrance, corporate secretary;
• Blaine Grisel, controller.

Daniel DeSimone, who has been senior vice-president, product development, of the company's Odis division since April, was also appointed the chief technology officer of the company.

Dr. Taylor, the company's chief scientist, noted: "Dan brings to Poet a diverse background of circuit/product design and technology development experience from Fairchild Semiconductor and Tundra Semiconductor. These skills are expected to be instrumental in developing the electronic component of the Poet platform."

Mr. Pierhal, who did not stand for re-election as a director, will continue as president of the company until Sept. 30, 2014. Afterward, Mr. Pierhal will remain as a consultant to the company on an as-needed basis to provide information and advice regarding any legacy issues which may arise from time to time. His options will remain in place for 12 months.

At the board meeting, incentive stock options were granted, under the stock option plan, to certain directors, officers, key consultants and employees of the company, to purchase up to an aggregate of 3.94 million common shares, representing 2.41 per cent of the outstanding shares of the company.

Of these options, 4.8 per cent were granted to key employees, who are the technical staff related to the Poet effort, 14.0 per cent to the company's officers, 64.0 per cent to the non-officer directors and 17.8 per cent to directors who are also officers. The stock options are exercisable at a price of $1.24 per share expiring Aug. 12, 2019. Pursuant to the TSX Venture Exchange policies, the exercise price was fixed by the closing market price of Aug. 11, 2014. The options will vest and be exercisable on the basis of 25 per cent on the date of grant and 25 per cent every six months thereafter.

The options were granted subject to provisions of the company's stock option plan, which was approved by shareholders on Aug. 12, 2014, and are subject to the TSX Venture Exchange policies and applicable securities laws. There are currently 163,773,384 shares issued and outstanding and 26,307,750 stock options outstanding. For full details on the company's share capital, refer to the company's financial statements and management's discussion and analysis for the six months ended June 30, 2014, which were recently filed on SEDAR.

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