Mr. Paul Guedes reports

NANO ONE RECEIVES CONDITIONAL APPROVAL TO GRADUATE TO THE TORONTO STOCK EXCHANGE

Nano One Materials Corp. has received conditional approval to list its common shares on the Toronto Stock Exchange under a new trading symbol NANO.

Final approval of the listing is subject to Nano One meeting certain customary conditions of the TSX, including the provision of final documentation. Upon final approval, Nano One intends to issue a news release confirming the date upon which its common shares will commence trading on the TSX, which is anticipated to occur prior to the end of June. At that time, Nano One's common shares will be delisted from the TSX Venture Exchange.

"As part of our ongoing growth strategy, graduating to the TSX is an important milestone for Nano One," stated Dan Blondal, chief executive officer. "We are seeing increased interest in our One-Pot, M2CAM and coated single-crystal technologies because they can help enable the greening and cost reduction of a critical part of the battery materials supply chain. From ESG-focused [environmental, social and governance] institutional investors to deeper collaborations with battery materials players and end-users across the globe, we are positioning Nano One to capitalize on the much larger macro trend. In the last 18 months, we've successfully completed three financings, tripled our facility's size as part of demo plant scale-up, led the trend with continuous innovation success and have made measurable progress towards first commercialization of our technology with a differentiated and sustainable cathode materials business plan. We are excited about what 2021 and beyond holds in store for all our stakeholders and thank them in their support thus far."

About Nano One Materials Corp.

Nano One Materials is a clean technology company with a patented, scalable and low-carbon intensity industrial process for the low-cost production of high performance lithium-ion battery cathode materials. The technology is applicable to electric vehicle, energy storage, consumer electronic and next-generation batteries in the global push for a zero-emission future. Nano One's One-Pot process, its coated nanocrystal materials and its metal-to-cathode active material (M2CAM) technologies address fundamental performance needs and supply chain constraints while reducing costs and carbon footprint. Nano One has received funding from various government programs and the current scaling of advanced battery materials project is supported by Sustainable Development Technology Canada (SDTC) and the Innovative Clean Energy (ICE) Fund of the Province of British Columbia.

We seek Safe Harbor.