Mr. Paul Woodward reports

AETHER ANNOUNCES AN UPDATE TO ITS ANNUAL FILINGS

As a result of the COVID-19 pandemic, Aether Catalyst Solutions Inc. will rely on the co-ordinated relief provided by securities regulators, which consists of a 45-day extension for certain periodic filings, as announced by the Canadian Securities Administrators (CSA) on March 18, 2020, with respect to the filing of its annual financial statements, management's discussion and analysis, and related officer certificates for its financial year ended Dec. 31, 2019.

The notice released by the CSA stated that securities regulators will be providing co-ordinated relief, consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020, as a result of the COVID-19 pandemic. As such, the B.C. Securities Commission has enacted B.C. Instrument 51-515 (Temporary Exemption from Certain Corporate Finance Requirements).

The company will be relying on the temporary exemption pursuant to BCI 51-515 in respect to the following provisions:

• The requirement to file audited financial statements for the year ended Dec. 31, 2019, within 120 days of the company's financial year-end as required by Section 4.2(b) of National Instrument 51-102;
• The requirement to file management's discussion and analysis for the period covered by the financial statements within 120 days of the company's financial year-end as required by Section 5.1(2) of NI 51-102;
• The requirement to file certifications of the financial statements pursuant to Section 4.1 of National Instrument 52-109 and Section 4.2(b) (filing deadline for annual financial statements) of NI 51-102.

The company is continuing to work with its auditor to file the annual filings by June 15, 2020.

The company confirms that there have been no material developments, other than those disclosed through news releases, since the filing of its condensed interim consolidated financial statements for the period ended Sept. 30, 2019.

Additionally, the company advises that management and other insiders of the company are subject to a trading blackout policy as described, in principle, in Section 9 of National Policy 11-207 (Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions).

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. Aether is working to quickly advance its technology through rapid screening of new materials directed at enhancing end-of-life conversion levels after accelerated aging. While Aether's primary focus is automotive, other potential applications for this low-cost technology are also being explored. Aether is looking to supplant precious metals in automotive catalysts for gasoline-powered engines, a greater than $20-billion cost annually at today's prices.

We seek Safe Harbor.