Mr. Spencer Huh reports

NEO BATTERY MATERIALS APPOINTS DR. MATTHEW DAWSON, CEO OF ELEMENTIUM MATERIALS, AS SENIOR SCIENTIFIC ADVISOR

NEO Battery Materials Ltd. has appointed Dr. Matthew Dawson, founder and chief executive officer of Elementium Materials Inc., to the company's scientific advisory board.

Earning his PhD in mechanical engineering from the Massachusetts Institute of Technology (MIT), Dr. Dawson is a seasoned global executive, technology founder and investor with nearly two decades of experience in developing and commercializing next-generation energy transition technologies. Across his professional career, he has served as chief executive officer, chief technology officer and investment director at emerging technology companies and has founded several successful start-up ventures, raising over $100-million from Fortune 500 companies and world-leading private equity firms.

Currently, Dr. Dawson leads Elementium Materials -- a leading battery materials company developing a proprietary non-carbonate electrolyte technology that is engineered to deliver high performance, safety and stability to lithium-ion batteries. Previously, he founded Utility Global, developing the world's first electricity-free electrolyzer for clean hydrogen production. He has also served in key research positions at ExxonMobil, Chevron and Equinor.

As a senior scientific adviser, Dr. Dawson will offer strategic technology and commercialization insights, accelerating the deployment or go-to-market of Neo's silicon anode materials. Moreover, for the company's growth trajectory, he will actively support through his vast domain and connections with globally leading companies and private capital.

Dr. Dawson commented: "It's an honour to be appointed to Neo's scientific advisory board. I look forward to contributing to Neo's mission of advancing their silicon anode technology. Neo's innovative approach to enabling low-cost, long-lasting, fast-charging batteries is poised to disrupt the energy industry."

Correction notice: In the press release dated April 25, 2025, there was an immaterial typographical error regarding the expiry date of incentive stock options issued to Kenneth Hoffman. The correct expiry date is April 25, 2030, rather than April 25, 2025, as previously indicated. This correction does not affect any other details of the previously announced information.

About Neo Battery Materials Ltd.

Neo Battery Materials is a Canadian battery materials technology company focused on developing silicon anode materials for lithium-ion batteries in electric vehicles, electronics and energy storage systems. With a patent-protected, low-cost manufacturing process, Neo Battery enables longer-running and ultrafast-charging batteries compared with existing state-of-the-art technologies. The company aims to be a globally leading producer of silicon anode materials for the electric vehicle and energy storage industries.

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