Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on plant-based, sustainable, and purpose-driven lifestyle brands, today announced it has appointed Steve West as Vice President, Investor Relations to build a leading Investor Relations outreach program across both retail and institutional investors.  Steve brings with him nearly 20 years of capital markets as a sell-side analyst and investor relations professional.

"I am excited to announce Steve is joining the Neptune Wellness team.  His tremendous capital markets experience and recognition as the best Wall Street analyst by The Wall Street Journal and the best Investor Relations professional by Institutional Investor magazine, will be instrumental in effectively communicating the Neptune story," said Michael Cammarata, Chief Executive Officer and President of Neptune. "Additionally, Steve's extensive experience at a leading Multi-State Operator in the U.S. cannabis industry on the cusp of federal reform makes him the perfect fit at the perfect time for Neptune."

Prior to Neptune, Mr. West led the investor relations functions at industry-leading companies Acreage Holdings, Dick's Sporting Goods, and Panera Bread Company where he was recognized by Institutional Investors magazine as the Best Investor Relations Professional – Restaurants and Best Investor Relations Program - Restaurants.  Prior to beginning his Investor Relations career, Steve spent nearly 10 years as a sell-side analyst primarily covering restaurants at ITG, Stifel Nicolaus, and A.G. Edwards.  While at Stifel Nicolaus, he was recognized by the Wall Street Journal as Best on The Street and by the Financial Times as Top Stock Picker.  Steve also spent nearly five years as a financial analyst at Proctor & Gamble. Before embarking on his career in Corporate America, Mr. West served more than 14 years in the United States Navy as a Surface Warfare Officer.

About Neptune Wellness Solutions Inc.

Neptune Wellness Solutions is a unique global health and wellness company that is changing consumer habits through the creation and distribution of environmentally friendly, ethical and innovative consumer product goods. Neptune's simultaneous focus on B2C and B2B customer-oriented brand development provides the Company with international reach and scale from its owned and operated facilities that extract and create product formulation, all the way to the sales floor at top global retailers.

Underpinned by a disruptive spirit, Neptune's diversified, and fully integrated business model focuses on natural, plant-based, sustainable and purpose-driven lifestyle brands and the use of cannabinoids in household products to make them safer, healthier and more effective. Its portfolio includes emerging brands such as Sprout Food, Forest Remedies™, Ocean Remedies™, Neptune Wellness™, Mood Ring™, and OCEANO3™, which are poised for rapid growth and expansion.

Backed with a cost-efficient manufacturing and supply chain infrastructure that can be scaled up and down or into adjacent product categories to identify new innovation opportunities, Neptune quickly adapts to consumer preferences and demand, and is bringing its products as well as other Fortune 100 brands to market through strategic distribution partnerships, mass retail partners and e-commerce channels. Neptune is committed to its core mission of redefining health and wellness and helping humanity thrive by providing sustainable consumer focused solutions. For additional information, please visit: www.neptunecorp.com

Forward Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the U.S. securities laws and Canadian securities laws. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of Neptune to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "projects", "anticipates", "will", "should" or "plans" to be uncertain and forward-looking. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

The forward looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement and the "Cautionary Note Regarding Forward-Looking Information" section contained in Neptune's latest Annual Information Form (the "AIF"), which also forms part of Neptune's latest annual report on Form 40-F, and which is available on SEDAR at www.sedar.com, on EDGAR at www.sec.gov/edgar.shtml and on the investor section of Neptune's website at www.neptunecorp.com. All forward-looking statements in this press release are made as of the date of this press release. Neptune does not undertake to update any such forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained herein include, without limitation, statements about the fulfillment of purchase orders, the availability of products from Neptune's supplier, and the anticipated use of proceeds of the financing and other risks and uncertainties that are described from time to time in Neptune public securities filings with the Securities and Exchange Commission and the Canadian securities commissions. Additional information about these assumptions and risks and uncertainties is contained in the AIF under "Risk Factors".

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