Mr. Thomas Mika reports

POET TECHNOLOGIES ANNOUNCES CLOSING OF C$4.4 MILLION PRIVATE PLACEMENT OF UNITS

Poet Technologies Inc. has completed its previously announced non-brokered private placement of an aggregate 1,126,635 units of the corporation at a price of $3.81 ($2.78 (U.S.)) per unit for aggregate gross proceeds of $4,292,479.35 ($3,132,045.30 (U.S.)).

Each unit consists of one common share of the corporation and one-half of one common share purchase warrant of the corporation. Each warrant entitles the holder thereof to purchase one common share at an exercise price of $4.95 ($3.61 (U.S.)) per common share for a period of three years following the closing date of the offering.

In connection with the offering, the corporation will pay an aggregate cash finder's fee of $57,897.35 ($42,090.17 (U.S.)) to Research Capital Corp., Worldsource Capital, IBK Capital and Nuoxin Co. Ltd. as consideration for the provision of certain finder services to the corporation.

Glen Riley, a director of the corporation, subscribed for 10,000 units under the offering for gross proceeds of $38,100 ($27,800 (U.S.)). As a director of the corporation, Mr. Riley is an insider of the corporation and his participation under the offering is considered to be a related party transaction for the purposes of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The corporation did not file a material change report more than 21 days before the expected closing date of the offering as the details of the offering and the participation therein by the related party of the corporation were not settled until shortly prior to the closing of the offering and the corporation wished to close the offering on an expedited basis for sound business reasons. With respect to the insider's purchase of units, the corporation is exempt from the formal valuation requirement in Section 5.4 of MI 61-101 in reliance on Section 5.5(a) of MI 61-101 as the fair market value of such insider's subscription is not more than 25 per cent of the corporation's market capitalization. Additionally, the corporation is exempt from the minority shareholder approval requirement in Section 5.6 of MI 61-101 in reliance on Section 5.7(1)(a) of MI 61-101, as the fair market value of such insider's purchase of units is not more than 25 per cent of the corporation's market capitalization.

The securities issued in connection with the offering are subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation. The offering is subject to final acceptance of the TSX Venture Exchange. The warrants will not be listed on any exchange.

About Poet Technologies Inc.

Poet is a design and development company offering integration solutions based on the Poet optical interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multichip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods. Poet's optical interposer eliminates costly components and labour-intensive assembly, alignment, burn-in and testing methods employed in conventional photonics. The cost-efficient integration scheme and scalability of the Poet optical interposer bring value to any device or system that integrates electronics and photonics, including some of the highest-growth areas of computing, such as artificial intelligence (AI), the Internet of things (IoT), autonomous vehicles and high-speed networking for cloud service providers and data centres. Poet is headquartered in Toronto, with operations in Allentown, Pa., Shenzhen, China, and Singapore.

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