Mr. Thomas Mika reports

POET TECHNOLOGIES ANNOUNCES CLOSING OF US$15 MILLION PRIVATE PLACEMENT

Poet Technologies Inc. has completed a non-brokered private placement with a single institutional investor pursuant to which the corporation issued four million common shares and an accompanying warrant exercisable for an aggregate of up to two million common shares at an exercise price of $5.00 (or approximately $6.78 (Canadian)) per common share for aggregate gross proceeds of $15-million (U.S.). The combined price of one common share and accompanying warrant in respect of one-half common was $3.75 (U.S.) (or approximately $5.09 (Canadian)). Subject to the terms of the warrant, the warrant is exercisable, in whole or in part, for a period of five years from the date of issuance. The corporation intends to use the net proceeds of the offering for working capital and general corporate purposes. No commission or finder's fee was paid by the corporation and no underwriter or sales agent was engaged by the corporation in connection with the offering.

All common shares and the accompanying warrant issued under the offering were distributed to a purchaser located outside of Canada in reliance on OSC Rule 72-503 -- Distributions Outside of Canada and, accordingly, all common shares, the accompanying warrant and all warrant shares issued under the offering are not subject to a Canadian statutory hold period in accordance with applicable Canadian securities laws. The offering remains subject to the final acceptance of the TSX Venture Exchange.

About Poet Technologies Inc.

Poet is a design and development company offering high-speed optical engines, light-source products and custom optical modules to the artificial intelligence systems market and to hyperscale data centres.

We seek Safe Harbor.