Mr. Thomas Mika reports

POET TECHNOLOGIES ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Poet Technologies Inc. is undertaking a non-brokered private placement of up to 4,098,360 units of the corporation at a price of $1.22 (90 U.S. cents) per unit for aggregate gross proceeds of up to approximately $5-million ($3.7-million (U.S.)). Each unit will comprise one common share of the corporation and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one common share at a price of $1.52 ($1.12 (U.S.)) per common share for a period of five years following the date of issuance of such warrant. The net proceeds of the offering are expected to be used for general corporate purposes, including revenue expansion and the development and production of photonic modules for artificial intelligence and related markets.

The intended purpose of the offering is to raise additional capital for the company while providing investors in Canada with terms that are similar to those offered in the company's recently completed public offering in the United States.

In connection with the offering, the corporation intends to enter into binding subscription agreements with individual accredited investors at a minimum investment amount of $10,000.

The corporation may conduct multiple closings, at its discretion, with the final closing of the offering expected to take place on or around Jan. 15, 2024. Closing of the offering is subject to the satisfaction or waiver of a number of customary closing conditions, including the approval of the TSX Venture Exchange. The securities issued pursuant to the offering will be subject to applicable hold periods, including the statutory four-month hold period from the date of closing of the offering. In connection with the closing, the corporation may pay cash fees to certain finders in respect of subscriptions received from certain investors in connection with the offering, subject to entering into customary arrangements with such finders and subject to the approval of the TSX-V. Further information with respect to any such commissions or fees will be provided at the time of closing.

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 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 (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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