HALIFAX, June 2, 2020 – Metamaterial Inc. (“Company” or “META”) (CSE : MMAT) is pleased to announce key appointments of Mr. Keith Abriel as Interim CFO and Mr. Mark Gosine, QC as Corporate Secretary.

The Company further announces the issuance of incentive stock options to the newly appointed officers, to purchase up to an aggregate of 200,000 common shares in the capital of the Company pursuant to its amended and restated stock option plan (the “Plan”). The options are exercisable on or before June 1, 2030, at an exercise price of CAD$0.62 per share. A portion of the options are subject to certain vesting conditions, in accordance with the Plan.

Mr. Abriel is a CPA and a CFA charter holder and seasoned financial executive with over 25 years of experience. Mr. Abriel has served as CFO for several publicly traded, private equity backed, and venture backed technology companies. Mr. Abriel obtained extensive public company, and capital markets experience having served as the CFO of WildBrain (formerly DHX Media Ltd. listed on NASDAQ and TSX), and a number of other public companies.  Mr. Abriel has helped raise over one billion dollars of capital with extensive M&A experience.

Mr. Gosine is a seasoned General Counsel and Corporate Secretary with an extensive background in corporate strategy, commercial transactions, corporate finance and M&A. Mr. Gosine played a key role in WildBrain’s’s growth, both organically and in M&A, where he led transactions with a total deal value of $1.2 billion, while heading WildBrain’s legal and business affairs globally. Mr. Gosine has served on numerous boards, and is currently a governor of Saint Mary’s University and a director of Symphony Nova Scotia and the Legal Information Society of Nova Scotia.

“Having worked in rapid growth environments Keith and Mark bring tremendous experience to our executive leadership team,” said George Palikaras, President and CEO of META. “We are excited to welcome them and are confident that their corporate strategy experience and strong financial backgrounds will be incredibly valuable as we continue to grow our business.

Media inquiries:

Cindy Roberts
VP Marketing & Communications
Metamaterial Inc.
[email protected]

Investor inquiries:

Mark Komonoski
Director Capital Markets and IR
Metamaterial Inc.
phone: 1-877-255-8483
[email protected]

About Metamaterial Inc.

META is changing the way we use, interact and benefit from light. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and electromagnetic waves. META is currently developing new materials with diverse applications in the automotive, aerospace, consumer electronics and medical industries. META has a growing patent portfolio with three core technologies; holographic, lithographic, and wireless sensing, designed for high volume applications. META is headquartered in Dartmouth, Nova Scotia and has offices in London, UK and Pleasanton, California.

Forward Looking Information

This release includes forward-looking information within the meaning of Canadian securities laws regarding the Company and its business, which may include, but are not limited to, statements with respect to the business strategies and operational activities of the Company. Often but not always, forward-looking information can be identified by the use of words such as “expect”, “intends”, “anticipated”, “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would” or “will” be taken, occur or be achieved. Such statements are based on the current expectations and views of future events of the management of the Company, and are based on assumptions and subject to risks and uncertainties. Although the management of the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the technology industry, market strategic and operational activities, and management’s ability to manage and to operate the business. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to publicly update or revise any forward looking statement, whether as a result of new information, future events, or otherwise.

The CSE has neither approved nor disapproved the contents of this news release.