Mr. Kurt Budge reports

CABS ENDORSE NORRA KARR MINING LEASE APPLICATION

The county administrative boards (CABs) of Jonkoping and Ostergotland have endorsed (Sw. Tillstyrker) Greenna Minerals AB's (Leading Edge Materials Corp.'s wholly owned Swedish subsidiary) application for an exploitation concession -- 25-year mining lease (Sw. Bearbetningskoncession) -- for Norra Karr. This step forward precedes a final decision on the application by the Mining Inspectorate (Sw. Bergsstaten).

In the permit process to open a mine in Sweden, the CAB is a mandatory consultation party in reviewing the application. Since the Norra Karr deposit crosses county lines, there are two CABs submitting their written opinions -- the counties of Jonkoping and Ostergotland. If the Mining Inspectorate and the CAB in question disagree about an application, it is then transferred to the government for a final decision. But now, with the endorsement of the CABs, the decision will be made by the Mining Inspectorate.

Kurt Budge, chief executive officer of Leading Edge, commented: "This is a major step towards efficient permitting of Norra Karr. While it should be pointed out that this is not a formal permitting decision, it is a significant consultation opinion that says that we have done what we are required to do in this phase of permitting. I am happy to see that we have been compliant with all permitting procedures and have been able to address the CABs' requirements for information. Importantly, it also means that the application will not be subject to a decision by the Swedish government.

"It's a credit to the Swedish technical, legal, sustainability and stakeholder engagement teams that have worked on Norra Karr over many years to potentially be granted an exploitation concession; that would in turn grant us exclusive rights to develop the deposit over a 25-year period. In the next phase of permitting, an environmental permit will need to be granted. Within that, every question regarding environmental impact, including water, will be comprehensively addressed.

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 lithium-ion batteries and permanent magnets for electric motors, wind turbines and defence applications. The portfolio of projects includes the 100-per-cent-owned Woxna graphite mine (Sweden), the 100-per-cent-owned Norra Karr heavy rare earth elements project (Sweden) and the 51-per-cent-owned Bihor Sud nickel-cobalt exploration alliance (Romania).

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