Mr. Eric Eyerman reports

CALIFORNIA NANOTECHNOLOGIES ANNOUNCES STOCK OPTIONS

California Nanotechnologies Corp. has granted 2,475,000 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 Oct. 15, 2025. The options were granted at the exercise price of 39 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.

About California Nanotechnologies Corp.

California Nanotechnologies envisions a world in which its advanced technologies are used to help make the most innovative products on this planet and beyond. With its unique expertise in processing metallurgic powders into parts, global leaders trust the company to help push the boundaries of applied material science. Headquartered in greater Los Angeles, Calif., California Nanotechnologies hosts advanced processing and testing machinery and capabilities across two manufacturing facilities for materials research and production needs. Its customers range from Fortune 500 companies to start-ups with programs spanning aerospace, renewable energy, defence and semiconductors.