Mr. Kip Underwood reports

BURCON PARTNERS WITH HPS FOOD AND INGREDIENTS TO LAUNCH WORLD'S FIRST SOLUBLE HEMPSEED PROTEIN ISOLATE

Burcon NutraScience Corp. has partnered with HPS Food and Ingredients Inc., a global leader in hemp-seed-based food ingredients, to explore the commercialization of Burcon's first-of-its-kind high-purity, soluble hemp seed protein isolate. This collaboration aims to capitalize on the thriving hemp seed protein market trend and deliver exceptional plant-based protein solutions to customers worldwide.

"We are thrilled to partner with HPS to commercialize our hemp seed protein isolate," said Kip Underwood, Burcon's chief executive officer. "This collaboration marks an important milestone in our commitment to monetize our intellectual property, connect directly with customers and exert more influence over the production of our innovative plant-based protein solutions. By joining forces with HPS, a premier leader in hemp seed and plant-based ingredient solutions, we have an excellent partner with the resources to quickly get to market and meet the growing demand for sustainable, hemp-seed-based protein ingredients."

Through this partnership, Burcon and HPS aim to leverage their combined expertise to accelerate market adoption of Burcon's hemp seed protein isolate. The parties intend to begin market development, conduct due diligence and commercial validation trials of the product. Following successful market development and validation trials, Burcon and HPS intend to negotiate a definitive agreement on a strategic partnership for the commercialization of the product. By harnessing the power of innovation and collaboration, Burcon and HPS are poised to make a significant impact on the hemp seed food industry and contribute to a more sustainable and healthier future.

"We are excited to partner with Burcon to launch the world's first soluble hemp seed protein isolate," said Marc van Burck, HPS's chief executive officer. "This partnership is an excellent marriage of our mutual expertise. Burcon's unique technology and know-how in hemp seed protein extraction produces a high-purity, soluble protein isolate that doesn't exist on the market today. Combined with HPS's access to growers and customers, by commercializing this technology, we are confident we can offer our customers products with unique functionality and continue to serve their needs. The demand for higher-purity hemp seed protein has been steadily increasing and we are excited to fulfill our customers' needs by offering them a premium, carbon-negative, sustainable and versatile plant-based protein solution."

Hemp seed protein is allergen-free and non-GMO (genetically modified organism) and is an excellent source of clean-label, plant-based protein. The company's hemp seed protein isolate was developed through extensive research and innovation and stands out in the market by being greater than 90 per cent in protein purity, neutral in taste, water soluble, off-white in colour, and North American grown and processed, offering manufacturers the opportunity to create nutritious, environmentally friendly, sustainable and delicious products that align with consumers' evolving preferences.

About Burcon NutraScience Corp.

Burcon is a global technology leader in the development of plant-based proteins for foods and beverages. The company's proteins exhibit superior functionality, taste and nutrition, making them ideal ingredients for food formulators. With over two decades of experience, Burcon has amassed an extensive patent portfolio covering its specialty plant-based proteins derived from pea, canola, soy, hemp and sunflower seeds, among other plant sources. Burcon is striving to become a vertically integrated provider of specialty plant-based protein solutions that deliver on health, nutrition and sustainability. Supporting the growing trend toward a plant-based diet, Burcon is developing premium protein ingredients that the company believes are better for you and better for the planet.

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