Mr. P. Peter Pascali reports

PYROGENESIS ANNOUNCES DUBAI SUBSIDIARY TO ADDRESS GROWING OPPORTUNITIES IN MIDDLE EAST AND ASIAN MARKETS

PyroGenesis Inc. has established a wholly owned subsidiary in Dubai as a base to address the growing opportunities in the Middle East and Asian markets. The incorporation process began more than a year ago and recently received all required regulatory approvals from the United Arab Emirates government. The wholly owned subsidiary has been incorporated under the name PyroGenesis Global FZCO (PyroGenesis Global).

"This is long overdue given the inroads we have been making in these markets. The initial focus of PyroGenesis Global will be on the market opportunities we have been nurturing over the past six years, with a face-to-face presence. Notwithstanding our success to date, we have reached a point where we need to overcome the significant logistical challenges (time zone and distance) and demonstrate a commitment to the region," said P. Peter Pascali, president and chief executive officer of PyroGenesis. "The timing could not be better. The region combines significant access to capital with industrial development priorities that align closely with our technologies. Having said that, nothing can replace an on-the-ground presence. We intend to initially staff PyroGenesis Global with key business development personnel and senior decision makers. We are also considering gradually relocating select engineers, project managers and support staff over in time. The company may also evaluate localized sourcing and manufacturing capabilities to support regional growth."

The launch of PyroGenesis Global aligns with significant industrial diversification initiatives under way across the region. These include Saudi Arabia's Vision 2030 framework, which supports major industrial infrastructure projects such as the Ras Al-Khair integrated aluminum complex. The Ras Al-Khair complex is the largest in the world and already utilizes seven of PyroGenesis's Drosrite aluminum dross processing systems. The company sees significant opportunities to further capitalize on these and other initiatives in the Middle East and Asia.

"The company needed to commit immediately to a temporary office space and it has done so, in the Uptown Tower DMCC on First Al Khail Street favoured by many Western satellite and regional offices, pending a relocation to a more suitable office space reflective of the company's growing needs," said Mr. Pascali. "Our Dubai subsidiary solidifies our commitment to a region that offers tremendous capital flow. This capital supports large client projects and provides the platform for potential investments and partnerships. To underscore this point, we look forward to announcing a new partnership with a local entity in the region over the coming weeks, an entity that we have not done business with before. We believe these markets are well suited to a broad range of our technology offerings."

About PyroGenesis Inc.

PyroGenesis leverages 35 years of plasma technology leadership to deliver advanced engineering solutions to energy, propulsion, destruction, process heating, emissions and materials development challenges across heavy industry and defence. Its customers include global leaders in aluminum, aerospace, steel, iron ore, utilities, environmental services, military and government. From its Montreal headquarters and local manufacturing facilities, PyroGenesis's engineers, scientists and technicians drive innovation and commercialization of energy transition and ultrahigh-temperature technology. PyroGenesis's operations are ISO 9001:2015 and AS9100D certified, with ISO certification maintained since 1997. PyroGenesis's shares trade on the Toronto Stock Exchange (symbol: PYR), the OTCQX market (symbol: PYRGF) and the Frankfurt Stock Exchange (symbol: 8PY1).

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