Mr. Thomas Mika reports

POET TECHNOLOGIES COMPLETES US$25 MILLION REGISTERED DIRECT OFFERING

Poet Technologies Inc. has completed its previously announced registered direct offering with a single institutional investor that qualifies as an accredited investor under National Instrument 45-106, Prospectus Exemptions, of the Canadian Securities Administrators. The corporation issued 5,555,556 common shares and a warrant exercisable to acquire up to 2,777,778 common shares to the investor for aggregate gross proceeds of $25,000,002 (U.S.). The combined price of one common share and accompanying warrant in respect of one-half of one common share was $4.50 (U.S.) (or approximately $6.29 (Canadian)). The exercise price of the warrant is $6 (U.S.) (or approximately $8.39 (Canadian)) per common share and the warrant is exercisable 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 related to its recently announced intention to expand assembly operations into Malaysia and for other 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.

The offering is being made pursuant to a prospectus supplement dated Dec. 3, 2024, to the short form base shelf prospectus of the corporation dated Sept. 6, 2024, filed with the securities regulatory authorities in each of the provinces and territories of Canada, as well as with the U.S. Securities and Exchange Commission, as part of the corporation's U.S. registration statement on Form F-10 (registration No. 333-280553) under the U.S.-Canada Multijurisdictional Disclosure System and General Instruction II.L, which included the prospectus supplement with such additions thereto and deletions therefrom as may be permitted or required by Form F-10. Copies of the prospectus supplement, including the base shelf prospectus, are available on SEDAR+ and on EDGAR.

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 modules, optical engines and light source products to the artificial intelligence systems market and to hyperscale data centres. Poet's photonic integration solutions are based on the Poet optical interposer, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. Poet's optical-interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centres, Poet has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. Poet's optical interposer platform also solves device integration challenges in 5G networks, machine-to-machine communication, self-contained edge computing applications and sensing applications such as lidar systems for autonomous vehicles. Poet is headquartered in Toronto, Canada, with operations in Allentown, Penn., Shenzhen, China, and Singapore.

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