Mr. Eric Krafft reports

LEADING EDGE MATERIALS ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

Leading Edge Materials Corp. has released the results of the company's annual general meeting of shareholders held on April 25, 2024. A total of 84,326,601 common shares were represented in person or by proxy at the meeting, representing 44.16 per cent of the votes attached to all outstanding common shares of the company as at the record date. All the matters submitted to the shareholders, as set out in the notice of meeting and information circular dated March 19, 2024, were voted in favour, including: (a) fixing the size of the board of the company to three; (b) the approval of the stock options plan, pursuant to which the company may grant stock options up to 10 per cent of its issued and outstanding common shares at the time of grant; and (c) the appointment of D&H Group LLP, chartered professional accountants, as the auditor of the company for the ensuing year.

Lars-Eric Johansson, Daniel Major and Eric Krafft were re-elected to serve as directors of the company, with the percentage of votes cast for each director as shown in the attached table.

Additional details of the results of the meeting are provided in the report of voting results filed under the company's profile on SEDAR+.

The company has granted stock options to directors, officers and consultants of the company to purchase an aggregate of 9.65 million common shares of the company, at exercise price of 10 cents per optioned share, expiring on the date that is five years from the date of grant for directors and officers and three years from the date of grant for consultants. The options will vest 33 per cent on the date of the grant, 33 per cent one year after the date of grant and 34 per cent two years after the date of grant. The options were issued pursuant to the terms of the company's option plan.

About Leading Edge Materials Corp.

Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material projects located in the European Union. Critical raw materials are determined as such by the European Union based on their economic importance and supply risk. They are directly linked to high-growth technologies such as batteries for electromobility and energy storage and permanent magnets for electric motors and wind power that underpin the clean energy transition toward climate neutrality. The portfolio of projects includes the 100-per-cent-owned Woxna graphite mine (Sweden), the Norra Karr HREE (heavy rare earth element) project (Sweden) and the 51-per-cent-owned Bihor Sud nickel-cobalt exploration alliance (Romania).

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