Mr. Kip Underwood reports

BURCON ANNOUNCES COMPLETION OF $9.43 MILLION RIGHTS OFFERING

Burcon NutraScience Corp. has completed its rights offering, which expired at 5 p.m. EST on Feb. 12, 2025. The rights offering will result in the issuance of 110,986,126 common shares of Burcon at a price of 8.5 cents per share for gross proceeds of approximately $9.43-million.

"We are pleased to successfully close our rights offering, securing well above the $7-million we needed to execute our production plan and target positive cash flow in calendar 2026," said Kip Underwood, Burcon's chief executive officer. "We sincerely appreciate our shareholders' trust and confidence, as we build a market-leading protein innovation company."

Burcon is working with its transfer agent to calculate the amounts exercised under the basic subscription privilege and the additional subscription privilege in connection with the rights offering, and will provide further details, including information required by National Instrument 45-106, Prospectus Exemptions, once available.

Virtual investor presentation details

A link to the webcast of the conference call is available on Burcon's website under presentations. The webcast will also be archived for future playback.

Investors interested in participating in the live call can dial in using the details below.

Date:  Tuesday, Feb. 18, 2025

Time:  5 p.m. EST (2 p.m. PST)

Toll-free dial-in (North America):  1-800-717-1738

Dial-in (toll/international):  1-646-307-1865

Conference ID No.:  37581

About Burcon NutraScience Corp.

Burcon is a global technology leader in the development of plant-based proteins for foods and beverages. Its proteins exhibit superior functionality, taste and nutrition, making them ideal ingredients for food formulators. With over two decades of experience, Burcon has amassed an extensive patent portfolio covering its novel plant-based proteins derived from pea, canola, soy, hemp and sunflower seeds, among other plant sources. Burcon is committed to delivering next-generation, best-in-class protein solutions, positioning itself as a key player in the rapidly expanding plant-based market. Supporting the growing trend toward a plant-based diet, Burcon offers sustainable protein ingredients that it believes are better for you and better for the planet.

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