An anonymous director reports

NEXOPTIC PROVIDES NOTICE OF ACCELERATION OF EXPIRY DATE OF RE-PRICED WARRANTS

Nexoptic Technology Corp. hereby provides notice that the 30-day accelerated exercise provision attached to Nexoptic share purchase warrants that were approved for repricing from 60 cents to 36 cents in June of this year is now in effect. Warrantholders have until 4 p.m. PST (Vancouver time) on Aug. 13, 2020, to exercise any outstanding warrants, after which the warrants will have expired, and all unexercised warrants will be void and of no effect.

Of 7,531,449 warrants in question, 2,924,949 (approximately 40 per cent) have already been exercised for gross proceeds of $1,052,981.64 to the company.

In accordance with the policies of the TSX Venture Exchange, upon a repricing of warrants to an exercise price below market at the time of issuance, an acceleration provision must be added, such that in the event that the market price of the company's shares exceeds a certain level, a mandatory acceleration of the warrant term to 30 days from the date of such trading threshold being met applies. In the case for Nexoptic, if the closing common share price on the TSX-V was 45 cents or above for 10 consecutive trading days, the acceleration provision automatically comes into effect. This threshold occurred at 1 p.m. PST today.

Additional details of the warrants and their repricing can be found in the company's May 29, 2020, news release.

The Nexoptic team wishes to thank its shareholders and warrantholders for their continued strong support.

About Nexoptic Technology Corp.

Nexoptic is an innovative imaging AI (artificial intelligence) company based in Vancouver, Canada. It is a preferred partner in the NVIDIA partner network and its All Light intelligent imaging solutions (ALIIS) is being optimized into the Qualcomm platform solutions ecosystem for select Qualcomm Snapdragon mobile platforms. The company is also engaged in the development of its award-winning sports-optic device, DoubleTake, as well as mobile lens solutions.

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