Mr. Paul Lam reports

BURCON ANNOUNCES ITS ALLIANCE PARTNER COMPLETES ACQUISITION OF PROTEIN PRODUCTION FACILITY

Burcon NutraScience Corp.'s partner, RE ProMan LLC, has successfully completed the acquisition of a protein production facility located in Galesburg, Ill.

"We are thrilled to complete this transaction ahead of schedule and begin integrating Burcon's technologies into the facility," said John Vassallo, a Burcon director. "The Galesburg facility was our top choice, offering the infrastructure needed to bring Burcon's innovative protein products to market."

The Galesburg facility is equipped with processing capabilities aligned with Burcon's core protein technology platform. Located near agricultural growers and key transportation routes, Burcon believes it is ideally positioned for efficient production and distribution. Burcon expects to complete installation of proprietary unit operations and begin commercial-scale production of its protein products during the first half of 2025.

"This marks a watershed moment for Burcon," said Kip Underwood, Burcon's chief executive officer. "With this facility, we now have a clear path to market for our industry-leading protein products. We've already begun the operational transition, with our processing team on-site right now."

For the first time, Burcon has full operational control of a commercial facility, enabling the delivery of high-quality, sustainable plant-based protein solutions that meet growing consumer demand. By leveraging its proprietary technologies and industry expertise, Burcon aims to accelerate market adoption of its innovative protein ingredients to drive revenue growth.

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 towards 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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