Mr. Paul Woodward reports

AETHER CATALYST SOLUTIONS ANNOUNCES CLOSE OF NON-BROKERED PRIVATE PLACEMENT

Further to its news releases dated June 2, 2021, and June 23, 2021, Aether Catalyst Solutions Inc. has completed the final tranche of its non-brokered private placement of units of the company at a price of 17.5 cents per unit. At this final closing, the company issued 1,990,500 units for gross proceeds of $348,337.50. Together with the first closing, the company issued an aggregate of 6,160,050 for gross proceeds of $1,078,008.75, an oversubscription of $78,008.75 from the previously announced $1-million.

Each unit consists of one common share in the capital of the company and one share purchase warrant, with each warrant entitling the holder thereof to purchase one additional share at a price of 22.5 cents per warrant share for a period of 24 months from the date of closing of the private placement.

The gross proceeds of the private placement will be used to primarily finance continuing operating expenses of the automotive program and continued development of the recently announced small motors program, where the company is adapting its technology for utilization in the emissions abatement of small motors.

The company confirms that there is no material fact or material change about the company that has not already been generally disclosed.

In connection with the second and final tranche of the private placement, the company paid finder's fees of $26,467, and issued 189,050 finders' warrants, entitling the holder thereof to purchase one unit of the company, with terms identical to the units issued in the private placement, for a period of 24 months from the date of closing.

All securities issued in connection with the private placement and the debt settlement will be subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45102 -- Resale of Securities.

About Aether Catalyst Solutions Inc.

Aether Catalyst is focused on providing an order of magnitude cost reduction in automotive catalytic converter catalyst while meeting or exceeding government emission standards. Aether is working to quickly advance its technology through rapid screening of new materials directed at enhancing end of life conversion levels after accelerated aging. While Aether's primary focus has been automotive applications, the company is also developing catalysts to address small motors emissions, a significant contributor to urban air pollution.

We seek Safe Harbor.