Nano One® Materials Corp. (TSX: NANO) (OTC Pink: NNOMF) (FSE: LBMB) (Nano One), is a clean technology company with patented processes for the low-cost, low-environmental footprint production of high-performance cathode materials used in lithium-ion batteries. Mr. Dan Blondal, CEO, is pleased to introduce Dr. Yuan Gao as a strategic advisor to Nano One on lithium-ion battery cathode technologies, supply chains and business strategy. Dr. Gao's experience and network will enhance and accelerate innovation, commercialization, and scale-up programs, as Nano One ramps up to address battery demand, ESG investing and supply chain imperatives taking hold in North America and around the world.

"Dr. Gao is an accomplished executive," said Mr. Dan Blondal, "with a strong technical background and a successful track record in leading and growing businesses throughout the lithium-ion battery supply chain. I have tremendous amount of respect for his technical vision, business acumen and understanding of global supply chains as they relate to LFP, NMC, LCO and other battery cathode materials. I am delighted to have Dr. Gao joining our team on the path to commercialization."

Dr. Gao is also an internationally recognized expert in lithium-ion battery materials with over a hundred patents issued around the world, dozens of journal publications and his innovations are at the core of today's lithium-ion batteries. He has joined Nano One Advisory Committee members, Joe Lowry, Robert Morris and Dr. Byron Gates.

"As the global production of lithium-ion battery materials grows to millions of tons," said Dr. Gao, "we will need technological innovation to eliminate environmental waste, economic inefficiencies, and complexity that persist in today's battery supply chain. For this reason, I am inspired by what I've seen at Nano One over the years, and I am pleased to be collaborating with them on their technology and commercialization efforts."

Dr. Gao is the Vice Chairman of the board of Pulead Technology, a respected producer of cathodes for lithium-ion batteries, having served as President and CEO from May 2014 to Sept 2019. In addition, Dr. Gao also serves as a member of the board of directors for Lithium Americas Corp. Previously, Dr. Gao served as Vice President at Molycorp Inc., and as Global Marketing Director and Technology Manager at FMC Corporation (USA). Dr. Gao completed a PhD in Physics from the University of British Columbia and did post-doctoral research on lithium metal oxides at Simon Fraser University in Professor Jeff Dahn's laboratory. He has also completed an executive education program at The Wharton School of the University of Pennsylvania.

About Nano One

Nano One Materials Corp (Nano One) is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. The technology is applicable to electric vehicle, energy storage, consumer electronic and next generation batteries in the global push for a zero-emission future. Nano One's One-Pot process, its coated nanocrystal materials and its Metal to Cathode Active Material (M2CAM) technologies address fundamental performance needs and supply chain constraints while reducing costs and carbon footprint. Nano One has received funding from various government programs and the current "Scaling of Advanced Battery Materials Project" is supported by Sustainable Development Technology Canada (SDTC) and the Innovative Clean Energy (ICE) Fund of the Province of British Columbia. Nano One is a member of Canada's Zero Emission Vehicle Supply Chain Alliance, Accelerate ZEV, representing the mid-stream in the battery supply chain. For more information, please visit www.nanoone.ca.

Company Contact:
Paul Guedes
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(604) 420-2041

Media Contact:
Chelsea Nolan
Antenna Group for Nano One
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(646) 854-8721

Certain information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes, but is not limited to, statements with respect to: the execution of Nano One's plans, including global expansions efforts, which are contingent on such support and awards and the commercialization of Nano One's technology and patents. Generally, forward-looking information can be identified by the use of terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', 'target', 'goal', 'potential' or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements based on the current opinions and estimates of management as of the date such statements are made are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Nano One to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: Nano One's ability to achieve its stated goals, the commercialization of Nano One's technology and patents and other risk factors as identified in Nano One's MD&A and its Annual Information Form dated March 15, 2021, both for the year ended December 31, 2020, and in recent securities filings for Nano One which are available at www.sedar.com. Although management of Nano One has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nano One does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.