Mr. Thomas Mika reports

POET TECHNOLOGIES UPSIZES NON-BROKERED PRIVATE PLACEMENT

Poet Technologies Inc., in response to additional interest in its non-brokered private placement previously announced and described in the corporation's news releases of Dec. 11, 2023, and Jan. 16, 2024, will upsize its offering. The offering will now consist of up to 5.1 million units of the corporation at a price of $1.22 (90 U.S. cents) per unit for aggregate gross proceeds of up to approximately $6,222,000 ($4.59-million (U.S.)).

The terms of the offering are otherwise unchanged from those previously announced. Each unit will be composed of one common share in the capital of the corporation and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share of the corporation at a price of $1.52 ($1.12 (U.S.)) per warrant 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 AI (artificial intelligence) and related markets.

The offering is subject to regulatory approvals, including final approval of the TSX Venture Exchange. The securities issued pursuant to the offering will be subject to applicable hold periods, including the typical four-month hold period from the date of closing of the offering.

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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