Mr. Rahim Suleman reports

NEO PERFORMANCE MATERIALS APPOINTS MOHAMAD EL-MAHMOUD AS EXECUTIVE VICE PRESIDENT, RARE METALS

Neo Performance Materials Inc. has appointed Mohamad El-Mahmoud as executive vice-president, rare metals, of the company. Mr. El-Mahmoud will replace Frank Timmerman, who has left the company to pursue other opportunities.

Mr. El-Mahmoud is a German national who left his role as business unit leader for a leading global fluid power solutions provider to lead the rare metals business unit of Neo. He held successively senior positions with that provider, which included: (i) establishing production facilities; (ii) driving the transformation of a product offering from pure internal combustion engine (ICE) to hybrid and battery electric vehicle (BEV) technology; and (iii) overseeing 75 engineers as general manager of the European technical centre in Germany. Mr. El-Mahmoud has held senior leadership positions in business development, engineering and operations in various regions, including North America, Europe and China. He began his career as an automotive powertrain systems designer with a power transmission belts and fluid power products provider, and, over the course of seven years, he played a pivotal role in expanding the company's operations in Asia by establishing multiple plants and engineering centres in Shanghai, Seoul and Chennai. He holds a bachelor of science degree in aeronautics and space engineering from the Aachen University of Applied Science.

"Mohamad's extensive experience, strong leadership skills and ability to drive business growth will be a valuable asset to Neo. His dedication, passion and commitment to excellence have propelled him to achieve exceptional results throughout his career," said Rahim Suleman, president and chief executive officer of Neo. "I would like to welcome Mohamad to the Neo family, and I look forward to his leadership of our rare metals business unit and overall contribution to the company.

"On behalf of the board and the management team, I would like to express our appreciation to Frank Timmerman for his years of service to Neo, as well as his commitment and contribution to the growth of the rare metals business," Mr. Suleman added. "We wish Frank all the best in his future endeavours."

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 10 manufacturing facilities located in Canada, China, Estonia, Germany, Thailand, the United Kingdom and the United States, as well as one dedicated research and development centre in Singapore.

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