GRA NanoXplore Inc

NanoXplore Inc. (“NanoXplore” or “the Corporation”) (TSX: GRA and OTCQX: NNXPF), a world-leading graphene company, appointed Mr. Joseph G. Peter as the newest member of its Board of Directors. Mr. Peter brings a wealth of experience and expertise to the Board, having spent more than 35 years working in the automotive industry. He was previously the Chief Financial Officer (CFO) for Nissan Motor Corporation from 2009 to 2018. Prior to joining Nissan, he spent 25 years at General Motors Corporation and served in a number of executive roles including as CFO of General Motors North America and International Operations.

As CFO of Nissan, Mr. Peter had a wide-ranging role that encompassed responsibility for the full financial strategy of the company, working closely with operational and regional management. Since 2009, he was responsible for the company's global finance activity including Control, Accounting, Treasury, IR, Tax and M&A support. In addition, Mr. Peter had operational and P&L responsibility for Nissan’s global sales finance business and was also responsible for the overall performance and administration of Nissan’s affiliated companies and its global IS/IT operations. He was a member of Nissan's Executive Committee and Chairman of the Board of Directors at Nissan’s sales finance companies located in Japan, United States and Mexico. Mr. Peter earned both his MBA and BS in corporate finance from Wayne State University.

“At such a pivotal point in NanoXplore's history, we are delighted to welcome Mr. Peter to the Board of Directors of the Corporation. Joseph’s extensive experience and knowledge of the automotive industry will be instrumental for the growth of NanoXplore and his leadership will help guide the Corporation in its next stages of expansion. Joseph will provide high-valued perspectives as we carry out our 5-year strategy plan as well as broaden our exposure to many key stakeholders in the transportation industry which will also contribute to the success of VoltaXplore’s gigafactory,” said Benoît Gascon, Lead Director of the Board of Directors of NanoXplore.

The Corporation would also like to announce that Ms. Jodie Morgan has decided to resign from the Board of Directors of NanoXplore to focus her efforts on other professional duties. The whole team at NanoXplore would like to extend heartfelt thanks to Ms. Morgan for her valuable insights and dedicated services. Jodie has served on the Corporation’s Board since November 2020.

“On behalf of the entire Board and NanoXplore’s team, we would like to express our sincere appreciation to Jodie for her service and contributions to the Corporation. We have all benefited from her thoughtful counsel, her leadership and her wisdom that she has provided since joining the Board. We wish Jodie all the best in her future endeavors,” concluded Benoît Gascon, Lead Director of the Board of Directors of NanoXplore.

About NanoXplore Inc.

NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in transportation and industrial markets. The Corporation provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. NanoXplore is headquartered in Montreal, Quebec with manufacturing facilities across North America and Europe. Please visit www.nanoxplore.ca.

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements, and subject to risks and uncertainties. All forward-looking statements are based on our beliefs as well as assumptions based on information available at the time the assumption was made and on management’s experience and perception of historical trends, current conditions and expected future developments, as well as other factors deemed appropriate in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct. Forward-looking statements are not facts, but only predications and can generally be identified by the use of statements that include phrases such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “foresee”, “grow”, “expect”, “plan”, “intend”, “forecast”, “future”, “guidance”, “may”, “predict”, “project”, “should”, “strategy”, “target”, “will” or similar expressions suggesting future outcomes.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause NanoXplore’s actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. Any forward-looking information is made as of the date hereof and, except as required by law, NanoXplore does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.

Forward-looking statements reflect management's current beliefs, expectations and assumptions and are based on information currently available to management. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve known and unknown risks and uncertainties and other factors that could cause actual results to differ materially from those contemplated by such statements.

No securities regulatory authority has either approved or disapproved the contents of this press release.

For further information, please contact:

Martin GagnéDirector, Investor Relationsmartin.gagne@nanoxplore.caTel: 1 438.476.1927