Ms. Claire Kennedy reports

NEO APPOINTS HUA DU TO ITS BOARD OF DIRECTORS

Neo Performance Materials Inc. has appointed Dr. Hua Du to its board of directors as an independent director, effective immediately.

Dr. Du has over 25 years of executive experience in a number of industries operating in Asian and global markets leading change in business models, overseeing plant construction, defining strategic plans and developing leadership teams. Dr. Du is currently serving as the chief executive officer of a biotech-based animal nutrition business, with offices and operations across eight Asian countries. Previously, Dr. Du served for 11 years as president of global business units and an executive committee member at a leading global chemicals and materials company, including manufacturing and distribution of value-added rare earth products. There, he led several global business units with revenues of five billion euros, more than 10,000 employees and technologies covering a wide range of end markets. Before that, he worked at a specialty chemicals manufacturer for 13 years, driving growth in Asia for its electronic materials group. Dr. Du graduated from Peking University in China and holds a doctor of philosophy (PhD) in organic chemistry from the University of Illinois Urbana-Champaign.

The appointment of Dr. Du increases the number of directors of Neo to seven, six of whom are independent.

Claire Kennedy, chair of the Neo board of directors, said: "I am delighted to welcome Hua Du to the board. Hua is an accomplished executive and brings a wealth of operational and leadership experience, including in materials and industrial chemicals, and will complement the skill set of our current directors. We look forward to his perspectives and contributions as Neo continues to execute on its strategic growth plans."

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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