GRA NanoXplore Inc

NanoXplore Inc. ("NanoXplore" or the “Corporation”) (TSX-V: GRA and OTCQX: NNXPF) provides an update on the regulatory approval of its GrapheneBlack™.

On September 4, 2020, NanoXplore received approval under the Canadian Environmental Protection Act, 1999 (Canada) to manufacture and sell its GrapheneBlack™ in any amount in Canada, for commercial uses as an additive in plastics, thermosetting composites, paints and coatings and as a component of battery electrodes.

Since its inception, NanoXplore has conducted many scientific studies to establish the environmental sustainability, health and safety of its GrapheneBlack™. A summary of these studies was published in a peer-reviewed article in 2020 (https://www.mdpi.com/2073-4352/10/9/718/htm). As stated in the article, GrapheneBlack™ has shown no adverse effect to animal skin and lung and most importantly, no gene mutation or DNA damage was observed in the in-vivo or in-vitro genotoxicity tests via inhalation.

In recent weeks, several Canadian media published news that disposable face masks containing graphene were commercialized, without graphene being approved for such use. Further, on April 2, 2021, Health Canada issued a recall on disposable masks containing graphene, advising consumers not to use these face masks and directing all known distributors, importers and manufacturers to stop distribution and use of these masks, before Health Canada completes a thorough scientific assessment and establishes the safety and effectiveness of graphene-containing face masks.

NanoXplore would like to clarify that its GrapheneBlack™ has not been used in any masks, and that it only commercializes graphene for uses which have obtained regulatory approval.

Soroush Nazarpour, President & CEO of NanoXplore commented:

“It is important to distinguish graphene from graphene oxide. Graphene oxide is the material that was used in such masks and has proven to be detrimental to lungs as published in 2013 in a NPG Asia Materials article (https://www.nature.com/articles/am20137). I am relieved to see Health Canada put a stop on the distribution and use of those masks.”

Additionally, for the past several years, NanoXplore has been a member of a registration consortium under the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) (Europe), where it acts as the lead registrant. This consortium has successfully registered Graphene in Europe under EC number 801-282-5.

Moreover, NanoXplore has filed a premanufacture notice under the Toxic Substances Control Act (TSCA) (USA), for the commercial use of its GrapheneBlack™ as an additive for thermoplastics, thermosets and rubbers. The Corporation believes that it will receive a Consent Order from the United States Environmental Protection Agency (EPA) soon.

Finally, NanoXplore has hired a consultant in the United States to assist it with a Food Contact Notification (FCN) under the Food, Drug and Cosmetic Act (USA). At the end of this process, NanoXplore aims for its GrapheneBlack™ to be used in food contact applications in the United States.

About NanoXplore Inc.

NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in 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 in Canada, the United States and Europe.

Forward-looking Statements

This press release contains forward-looking statements. 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Soroush NazarpourPresident & CEONanoXplore Inc.info@NanoXplore.ca