Mr. Spencer Huh reports

NEO BATTERY MATERIALS SELECTED TO INTELLECTUAL PROPERTY SUPPORT PROGRAM BY SOUTH KOREAN GOVERNMENT ORGANIZATION

Neo Battery Materials Ltd.'s NBM Korea Co. has been selected as a recipient of the Intellectual Property Support Program administered by the Korea Invention Promotion Association (KIPA), an affiliated organization of the federal Korean Intellectual Property Office (KIPO).

KIPA's Intellectual Property Support Program aims to actively support small- and medium-sized enterprises to establish exclusive rights and intellectual property (IP) to each firm's proprietary technologies. Selected among 10 IP-based (intellectual property) companies, Neo will receive a grant and pro-bono technology consulting to strengthen market competitiveness by implementing new R&D (research and development) directions and securing indisputable patents. The program will assist the company to further apply for the Patent Cooperation Treaty (PCT) for worldwide jurisdictional protection of Neo's silicon anode technology.

Along with KIPA's consultants, Neo Battery Materials will strengthen the IP portfolio by patenting innovative processes, analyze competitors' technologies to develop IP dispute mitigation strategies and increase collaborations with EV (electric vehicle) battery industry players. Co-operating with Gyeonggi province and Gyeonggi Technopark, the company targets to apply for further incentives and grant programs to support silicon anode commercialization.

Legal action against private, anonymous stock chat users for defamation

Neo Battery is in action to pursue legal action against anonymous commenters within stock chat forums such as Yahoo Finance for alleged intentional and malicious defamation of the company and management. Neo has assessed the content disseminated within stock forums in which private-profile, anonymized users have purportedly engaged in making false, misleading, illusory and derogatory claims concerning Neo's operations, financial standing and reputation. These statements are devoid of any factual basis and have caused significant harm to the company's new and existing shareholders and employees. Consequently, the company has engaged legal counsel to commence necessary proceedings against these anonymous commenters with the appropriate courts to seek due remedies for the damages incurred.

About Neo Battery Materials Ltd.

Neo Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics and energy storage systems.

We seek Safe Harbor.