Mr. Dan Blondal reports

NANO ONE ANNOUNCES CARLO VALENTE AS CFO

Nano One Materials Corp. has appointed Carlo Valente as its chief financial officer (CFO), effective Jan. 15, 2024. Mr. Valente has over 26 years of experience supporting companies as they scale-up with capital raising, M&A (merger and acquisition) transactions, strategic and tactical planning, and effective finance structures. Most recently, he served as CFO of a private, international renewables company where he gained expertise in commercial agreements, strategic partnerships, feedstock, government relations and incentive programs, while engaging in the decarbonization ecosystem that is relevant to Nano One.

"I would like to welcome Mr. Valente to the Nano One team as a full-time CFO," said Dan Blondal, Nano One's chief executive officer. "We are confident that he will contribute significantly to shareholder value, and to the execution of our licensing strategy, business objectives and growth targets in the cathode sector."

With a distinguished career spanning over 26 years, Mr. Valente is a seasoned professional in international business development, corporate advisory, accounting and finance. His journey in the business world has been marked by a consistent record of success, demonstrating exceptional skills across a diverse range of sectors, from nurturing local startups to navigating the complexities of multinational corporations.

Mr. Valente has held the crucial role of chief financial officer for six companies, of which five were Canadian reporting issuers, where he was directly involved in corporate and project equity facilities totalling approximately $500-million. Notably, two of these companies earned recognition as TSX Venture 50 companies, a testament to his financial acumen and strategic leadership. Mr. Valente has significant M&A expertise, having actively contributed to over 100 mandates in North America and Europe. His financial stewardship and leadership, along with a comprehensive understanding of capital markets, commercial agreements and strategic business plan execution, have been a driving force behind the success of numerous enterprises.

Mr. Blondal added: "I would also like to thank Mr. Dan Martino, who has served effectively in the CFO role on a fractional basis since January, 2020, through Donaldson Brohman Martin CPA Inc. (DBM), where he holds other CFO positions for publicly traded companies. I would like to assure all our stakeholders that Mr. Martino remains dedicated to Nano One's long-term business success and will serve as vice-president, finance, to provide continuity and support in financial reporting and finance-related projects."

Mr. Martino said: "It has been an incredible experience to be a part of Nano One's growth story since early 2020. Since then, the team has grown significantly and we achieved the completion of three equity financings, two strategic financings, various government grants, the acquisition and successful integration of our Candiac operation, and graduation to the TSX, to name a few key milestones. As Nano One continues its growth trajectory, I believe Carlo to be an excellent fit to work alongside the executive team in bringing Nano One's technology and growth to the next level, while I and DBM support this effort in the capacity as vice-president, finance."

Mr. Valente said: "I have followed the success of Nano One for some time now, and I am honoured to be joining this amazing team and company at a critical juncture on its path towards commercialization. I will draw on my past successes of helping companies grow through supporting and ensuring robust financial systems are in place. Dan Martino and team have built a solid foundation that enables the executive team to readily advance Nano One's strategic goals and increase shareholder value, and I look forward to contributing to the company's growth."

About Nano One Materials Corp.

Nano One is a clean technology company with a patented, scalable and low-carbon-intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. With strategic collaborations and partnerships, including automotive original equipment manufacturers and strategic industry supply chain companies like Sumitomo Metal Mining, BASF, Umicore and Rio Tinto, Nano One's technology is applicable to electric vehicles, energy storage and consumer electronics, reducing costs and carbon intensity while improving environmental impact. The company aims to pilot and demonstrate its technology as turnkey production solutions for licence, joint venture and independent production opportunities, leveraging Canadian talent and critical minerals for emerging markets in North America, Europe and the Indo-Pacific region. Nano One has received funding from SDTC (Sustainable Development Technology Canada) and the governments of Canada and British Columbia.

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