Mr. Kip Underwood reports

BURCON RECEIVES CO-INVESTMENT FROM PROTEIN INDUSTRIES CANADA TO SCALE-UP AND COMMERCIALIZE HEMPSEED AND SUNFLOWER SEED PROTEIN

Burcon NutraScience Corp. has received a co-investment from Protein Industries Canada (PIC) for the scale-up and commercialization of hemp seed and sunflower seed protein.

In collaboration with HPS Food & Ingredients and Puratos Canada, Burcon will lead the commercialization efforts for its new-to-the-world high-purity hemp seed and sunflower seed protein ingredients. The $6.9-million project includes a $3-million co-investment from PIC to support the commercial scale-up of these novel protein ingredients, and the development into innovative consumer food and beverage applications.

"With support from PIC, we can accelerate our commercial plans," said Kip Underwood, Burcon's chief executive officer. "This non-dilutive government funding not only strengthens our balance sheet but also positions us to meet the growing customer demand for our hemp and sunflower proteins. We are thrilled to introduce these exceptional proteins to the market and look forward to working closely with HPS and Puratos on this innovative project."

There is a significant gap between the needs of consumers today and the performance of plant proteins on the market. As consumer preferences evolve, there is a pressing need for diverse protein alternatives that deliver superior product performance. Burcon's first-of-its-kind high-purity hemp seed and sunflower seed proteins can help solve these formulation challenges, opening access to a multibillion-dollar addressable market opportunity.

"The development of new ingredients and food manufacturing is integral to growing and strengthening Canada's agrifood sector. Increasing ingredient manufacturing can help diversify our agriculture sector and increase our productivity, creating new economic growth for Canada," said Bill Greuel, Protein Industries Canada's chief executive officer. "Together, Burcon, HPS and Puratos are developing a line of ingredients, food and beverage products that will do this, while also bringing new, diverse protein options to market."

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.

We seek Safe Harbor.