Mr. Ali Mahdavi reports

ISS AND GLASS LEWIS RECOMMEND NEO PERFORMANCE MATERIALS SHAREHOLDERS VOTE FOR ALL RESOLUTIONS

Two leading independent proxy voting and corporate governance advisory firms -- Institutional Shareholder Services (ISS) and Glass Lewis -- have recommended that shareholders vote for all the resolutions put forth by Neo Performance Materials Inc.'s board of directors at the coming annual and general meeting of shareholders on June 8, 2023. The resolutions include the election of directors, the reappointment of KPMG as the company's auditor, and the approval of the company's amended and restated shareholder rights plan.

In its report, ISS has recommended that shareholders vote for all of the company's proposed nominee directors commenting that "overall, the company has demonstrated adequate stewardship of investors' interests regarding executive compensation." ISS also commented on the amended and restated shareholder rights plan noting that it will ensure "shareholders receive fair and equal treatment."

Glass Lewis in its report has stated: "we find no significant cause for shareholder concern. Accordingly, we recommend that shareholders vote FOR" all of the company's proposed nominee directors. Glass Lewis also stated, "[w]e recommend that shareholders vote FOR the ratification of the appointment of KPMG as the company's auditor" and expressed its view that the amended and restated shareholder rights plan is "reasonable."

Vote today

Shareholders are reminded that the deadline to vote is fast approaching. Shareholders must submit their votes before 4 p.m. EST on Tuesday, June 6, 2023.

Copies of the management information circular, which has been filed on SEDAR on May 2, 2023, together with related meeting and proxy materials are available on Neo's profile on SEDAR. Neo shareholders who have questions about the matters to be considered at the meeting or require copies of the meeting materials may contact Neo's strategic shareholder adviser and proxy solicitation agent, Kingsdale Advisors, by phone or text at 1-800-285-8968 toll-free in North America or 1-416-867-2272 outside of North America (collect calls accepted), or by e-mail at contactus@kingsdaleadvisors.com.

About Neo Performance Materials Inc.

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo's advanced industrial materials -- magnetic powders and magnets, specialty chemicals, metals, and alloys -- are critical to the performance of many everyday products and emerging technologies. Neo's products help to deliver the technologies of tomorrow to consumers today. The business of Neo is organized along three segments: Magnequench, chemicals and oxides, and rare metals. Neo is headquartered in Toronto, Ont., Canada, with corporate offices in Greenwood Village, Colo., United States; Singapore; and Beijing, China. Neo has a global platform that includes nine manufacturing facilities located in China, the United States, Germany, Canada, Estonia and Thailand, as well as one dedicated research and development centre in Singapore.

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