Mr. Kip Underwood reports

BURCON SUCCESSFULLY SCALES COMMERCIAL PRODUCTION OF 95% HEMPSEED PROTEIN ISOLATE

Burcon NutraScience Corp. has successfully completed the end-to-end validation trials and the start of commercial-scale production for the world's first high-purity 95 per cent hemp seed protein isolate.

Burcon has achieved a significant milestone with the successful scale-up of its groundbreaking hemp seed protein isolate at its partner manufacturer's production facility. From its production runs, Burcon produced high-quality, commercial, saleable quantities of its 95 per cent hemp seed protein isolate to fulfill initial customer orders.

"This is a watershed moment for Burcon, and a testament to the dedication and expertise of our talented team," said Kip Underwood, Burcon's chief executive officer. "With our capital-light approach, we are rapidly bringing our next-generation, best-in-class proteins to market. As we transition into a revenue-generating company, we expect to start commercial sales and capture value for our shareholders."

Anticipated commercial sales and further production campaigns of Burcon's hemp seed protein are slated for the first half of 2024 to meet growing customer demand. With a proven supply chain source, Burcon believes it is strategically positioned not only to tap into a multibillion-dollar addressable market but also to launch additional protein products, advancing its Burcon 2.0 business plan toward profitability.

"There is strong customer demand for high-quality hemp seed protein with exceptional taste, colour and functionality," said Marc van Burck, HPS Food's chief executive officer. "We believe that the 95 per cent hemp seed protein isolate is a game changer that can tap into a burgeoning hemp foods market. We look forward to providing our customers with this truly innovative product."

About HPS Food and Ingredients Inc.

HPS Food & Ingredients is a global leader in value-added processing of plant proteins, seeds and grains, oils, flours, fibres, and starches for premium food markets and food companies around the globe. It produces nutritious, North American-grown, non-GMO (genetically modified organism), gluten-free ingredient products at its dedicated production facilities in Manitoba, Canada. The company provides quality ingredient solutions for the global food marketplace.

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 novel plant-based proteins derived from pea, canola, soy, hemp and sunflower seeds, among other plant sources. Burcon is committed to delivering next-generation, best-in-class protein solutions, positioning itself as a key player in the rapidly expanding plant-based market. Supporting the growing trend toward a plant-based diet, Burcon offers sustainable protein ingredients that it believes are better for you and better for the planet.

We seek Safe Harbor.