Mr. Eric Eyerman reports

CALIFORNIA NANOTECHNOLOGIES ANNOUNCES STOCK OPTIONS

California Nanotechnologies Corp. has granted 2.08 million incentive stock options to the employees, directors and officers of the company. The options were granted pursuant to the company's stock option plan and received approval by board of directors resolution on Aug. 28, 2023. The options were granted at the exercise price of 17.5 cents per share which was the most recent closing price. The stock options will vest over three years, expire after a five-year period and are subject to TSX Venture Exchange requirements.

The options granted include those in the attached table.

About California Nanotechnologies, Inc.

At Cal Nano, the company envisions a world in which its advanced technologies are used to help make the most innovative products on this planet and beyond. Global leaders trust the company to help push the boundaries of applied material science by utilizing its unique technical expertise and vision. Headquartered in Los Angeles, Calif., Cal Nano hosts advanced processing and testing capabilities for materials research and production needs. Customers range from Fortune 500 companies to start-ups with programs spanning aerospace, renewable energy, defence and semiconductors.

We seek Safe Harbor.