Mr. Kurt Budge reports

LEADING EDGE MATERIALS ANNOUNCES C$ 6,000,000 NON-BROKERED PRIVATE PLACEMENT WITH BINDING STANDBY SUBSCRIPTION AND COMMITMENT OF CORNERSTONE SHAREHOLDER

Leading Edge Materials Corp. intends to complete a non-brokered private placement of 24 million units at a price of 25 cents per unit for aggregate gross proceeds of up to $6-million.

Leading Edge Materials intends to use the net proceeds to advance the company's projects in Sweden and Romania as well as for general working capital and corporate purposes. In particular, following the recent award of a 25-year mining lease for the Norra Karr heavy rare earth elements project, proceeds will support prefeasibility study workstreams and environmental permitting for that project, alongside studies related to a possible restart of the Woxna graphite mine and processing plant. The company continues to seek alternative capital for its Romanian exploration activities, with work now focused on further defining polymetallic targets.

Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 40 cents per warrant share until the date that is two years from the closing date of the private placement.

The company expects certain insiders of the company to participate in the private placement. Any participation by insiders in the private placement constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. However, the company expects to rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fact that neither the fair market value of the units subscribed for by the insiders nor the consideration for the units paid by such insiders, would exceed 25 per cent of the company's market capitalization. The company's cornerstone shareholder, Eric Krafft, has agreed to subscribe for any units not otherwise purchased by investors under the private placement.

The private placement is directed toward Canadian, Nordic and other international investors. All securities issued under the private placement, including securities issuable on exercise of the warrants, will be delivered from Canada and are subject to a hold period expiring four months and one day from the closing date.

The private placement is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

A finders' fees may be payable on a portion of the private placement.

About Leading Edge Materials Corp.

Leading Edge Materials is a Canadian-listed company focused on developing critical raw material assets across the European Union. Its primary focus is the wholly owned Norra Karr heavy rare earth element project in Sweden -- one of the world's most strategically significant heavy rare earth deposits and among the few advanced-stage projects within the European Union capable of producing dysprosium, terbium and yttrium at meaningful scale.

Situated in Sweden, one of the globe's most politically and regulatory stable mining environments, Norra Karr is well positioned to contribute directly to the objectives of the European Union's Critical Raw Materials Act, including the bloc's target of sourcing 10 per cent of its critical raw material consumption domestically by 2030. Beyond rare earths, the company also holds the Woxna graphite mine in Sweden -- a fully constructed and permitted facility -- as well as a 90-per-cent stake in the Bihor Sud nickel-cobalt exploration alliance in Romania.

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