Mr. Adrian Brijbassi reports

POET REPORTS ON SHARE SALES UNDER ATM PROGRAM FOR THE QUARTER ENDING SEPTEMBER 30, 2023

Poet Technologies Inc. has disclosed sales under the company's at-the-market equity program during the fiscal quarter ended Sept. 30, 2023.

The ATM program was initially active in both the United States and Canada pursuant to an equity distribution agreement dated June 29, 2023, among the company, Craig-Hallum Capital Group LLC and Cormark Securities Inc. and conducted under a prospectus supplement dated June 29, 2023, to the company's short form base shelf prospectus dated June 30, 2021, and U.S. registration statement on Form F-10, which included the base shelf prospectus. Following the expiry of the company's Canadian base shelf prospectus on Aug. 5, 2023, the company continued the ATM program only in the United States pursuant to an equity distribution agreement dated Sept. 1, 2023, between the company and Craig-Hallum and conducted under a prospectus supplement dated Sept. 1, 2023, to the company's base shelf prospectus dated Aug. 18, 2023, included in the company's U.S. registration statement on Form F-3, which registration statement was declared effective by the U.S. Securities and Exchange Commission on Aug. 18, 2023.

During the initial cross-border phase of the ATM program between June 29, 2023, and Aug. 5, 2023, the company sold an aggregate of 227,673 common shares of the company on both the TSX Venture Exchange (denominated in Canadian dollars) and Nasdaq Capital Markets (denominated in U.S. dollars) at an average price of $5.82 per share. The company received net proceeds of approximately $1,285,195, representing aggregate gross proceeds of approximately $1,324,943, less aggregate cash commissions paid to Craig-Hallum and Cormark of approximately $39,748. Dollar values disclosed above in Canadian dollars are derived from the aggregate of distributions on the TSX Venture Exchange and the Canadian-dollar equivalent of the distributions on the Nasdaq Capital Markets (based on the Bank of Canada exchange rate prevailing on each applicable sale date).

The company has not sold any common shares under the United States-only ATM program from its inception on Sept. 1, 2023, through Sept. 30, 2023. The company has suspended sales under the United States-only ATM program and is not required to provide notice if it resumes making sales thereunder in the future.

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 chip using advanced wafer-level semiconductor manufacturing techniques and packaging methods. Poet's optical interposer eliminates costly components and labour-intensive assembly, alignment and testing methods employed in conventional photonics. The cost-efficient integration scheme and scalability of the Poet optical interposer brings value to any device or system that integrates electronics and photonics, including some of the highest growth areas of computing, such as artificial intelligence, the Internet of Things, 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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