Mr. Paul Woodward reports

AETHER ANNOUNCES AN UPDATE ON ITS ANNUAL FILINGS AND FIRST QUARTER FILINGS

Following its press release of April 29, 2020, Aether Catalyst Solutions Inc. has provided a further update on the status of filing of its annual financial statements, management's discussion and analysis, and related chief executive officer and chief financial officer certificates for the year ended Dec. 31, 2019.

On March 18, 2020, the Canadian Securities Administrators announced that it would provide issuers with a 45-day filing extension for filings required on or before June 1, 2020, as a result of the COVID-19 pandemic. As such, the British Columbia Securities Commission has enacted B.C. Instrument 51-515 -- Temporary Exemption from Certain Corporate Finance Requirements.

In its April 29, 2020, press release, the company announced its reliance on the exemption with respect to extending the deadline of the required filings pursuant to BCI 51-515. The company currently still expects to file the annual filings on or prior to June 15, 2020.

The company will also rely on BCI 51-515 to extend the deadline of filing its first quarter consolidated interim financial statements, accompanying management's discussion and analysis, and related CEO and CFO certificates for the three months ended March 31, 2020, which are required to be filed by June 1, 2020, under sections 4.3 and 4.4 of National Instrument 51-102 -- Continuous Disclosure Obligations. The company is continuing to work diligently and currently expects to have the first quarter filings filed on or prior to the extended filing deadline of July 16, 2020.

As required by B.C. Instrument 51-515, and similar instruments and orders enacted in Alberta, Saskatchewan and Ontario, the company discloses the following:

• Until such time as the company has filed the annual filings and the first quarter filings, members of management and other insiders are subject to a trading blackout policy that reflects the principles in Section 9 of National Policy 11-207 -- Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
• The company confirms that there have been no material business developments, other than those announced through news releases, since November, 2019, when the company filed its third quarter interim financial results for the period ended Sept. 30, 2019.

About Aether Catalyst Solutions Inc.

Aether Catalyst is focused on providing an order of magnitude cost reduction in automotive catalytic converter catalyst, while meeting or exceeding government emission standards.

We seek Safe Harbor.