Mr. Jonathan Gluckman reports

SIXTH WAVE INNOVATIONS INC. RECEIVES GRANT FROM PROVINCE OF NOVA SCOTIA FOR ITS INNOVATIVE LITHIUM FROM SPODUMENE PROCESS

Sixth Wave Innovations Inc.'s application to the Mineral Resources Development Fund (MRDF), Natural Resources and Renewables, Province of Nova Scotia, has been awarded. The application was made to support the company's spodumene beneficiation and lithium extraction from spodumene concentrate development. The MRDF supports innovative projects in the mining sector that help attract investment and grow Nova Scotia's economy, particularly with a focus on critical minerals. The $50,000 (grant number is MRDF-2022-IN-08) grant will be used to continue the refinement and extension of the work being performed in support of the recovery of lithium from spodumene found at the Champlain Mineral Ventures Ltd. (CMVL) Brazil Lake property. Under the terms of the grant, Sixth Wave will be reimbursed for allowed expenses up to $50,000, with all work expected to be completed by the end of March, 2023.

"We are very pleased to have received this grant and to extend the work we are doing with Champlain Mineral Ventures. The Brazil Lake project continues its exploration and progress to becoming an operating mine with a potentially substantial economic impact on the province, as described by Mr. John F. Wightman, MSc, PEng, president and CEO of Champlain Mineral Ventures Ltd. The support offered by the MRDF helps to mature a flow sheet that will add significant value to this project, but has the potential to revolutionize hard rock lithium mining worldwide. The grant funds will be used to continue to optimize the emerging process flow and explore the advancement of Sixth Wave's green lixiviant and energy-reducing methodologies," notes Dr. Jonathan Gluckman, president and chief executive officer of Sixth Wave.

The focus of the work to-date, which will continue under the grant, is to develop a greener process for conversion of spodumene to leachable beta spodumene, and simplify the process flow sheet to achieve battery-grade lithium carbonate. Fewer process steps, reduced or eliminated use of toxic chemicals, and lower energy usage reduce the cost and environmental impact of processing spodumene lithium deposits. These advancements are in keeping with Sixth Wave's goals of providing industry-leading mining solutions that both increase the profitability of a mine and reduce the environmental and societal impact of mining. The advancements in its lithium program adds to the company's already developed solutions for gold mining, which have demonstrated reduced opex (operating expenditure) and capex (capital expenditure) while increasing gold yield, and also reducing reagent and energy use.

About Sixth Wave Innovations Inc.

Sixth Wave is a nanotechnology company with patented technologies that focus on the extraction and detection of target substances at the molecular level using highly specialized molecularly imprinted polymers (MIPs). The company is in the process of commercializing its IXOS-AuC polymer for the gold mining industry and is focused on expanding the offerings as noted here in lithium. The company's patent portfolio covers extensions of the designs for extraction and purification of other critical metals, including nickel, cobalt, rare earth elements and platinum group metals.

Sixth Wave can design, develop and commercialize MIP solutions across a broad spectrum of industries. The company has successfully developed nanotechnology architectures that are highly relevant for the detection and separation of viruses, bacteria, biogenic amines and other pathogens. The company is finishing commercialization of its Affinity system for purification of cannabinoids. The company is actively looking for licensing opportunities to monetize these assets as it focuses on the mining and critical metals industry.

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