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LEM.V ·

Leading Edge Materials Announces Appoitment of General Counsel and Grant of Stock Options

Share Capital & Compensation

NEWS RELEASE November 3, 2022

LEADING EDGE MATERIALS CORP.

14th Floor 1040 West Georgia Street, Vancouver, BC, V6E 4H1

[email protected] | www.leadingedgematerials.com

TSX.V: LEM | Nasdaq First North: LEMSE | OTCQB: LEMIF | FRA: 7FL

TSX.V: LEM | Nasdaq First North: LEMSE | OTCQB: LEMIF

LEADING EDGE MATERIALS ANNOUNCES APPOITMENT OF GENERAL

COUNSEL AND GRANT OF STOCK OPTIONS

Vancouver, November 3, 2022 – Leading Edge Materials Corp. (“Leading Edge Materials” or the

“Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA: 7FL) announces that it has

appointed Stefan Derksen as general counsel for the Company. Mr. Derksen is a Dutch national qualified to practice

law in the Netherlands. He worked as a senior lawyer in the Dutch law firm De Brauw Blackstone Westbroek before

founding the litigation and arbitration boutique firm STAUNCH in 2021. In addition to an LLM degree from Utrecht

University he holds an MSc degree in International business (finance major) from Tilburg University.

The Company also announces granting of stock options (the “Options”) to officers and consultants to purchase an

aggregate of 700,000 common shares (the “Optioned Shares”) of the Company, at exercise price of C$0.20 per

Optioned Share, expiring on the date that is 5 years from the date of grant. The Options will vest 33% one year after

the date of grant, 33% two years after the date of grant and 34% three years after the date of grant. The Options

were issued pursuant to the terms of the Company’s Option Plan.

On behalf of the Board of Directors,

Leading Edge Materials Corp.

Eric Krafft, Interim CEO

For further information, please contact the Company at:

[email protected]

www.leadingedgematerials.com

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About Leading Edge Materials

Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material

projects located in the European Union. Critical raw materials are determined as such by the European Union based

on their economic importance and supply risk. They are directly linked to high growth technologies such as batteries

for electromobility and energy storage and permanent magnets for electric motors and wind power that underpin the

clean energy transition towards climate neutrality. The portfolio of projects includes the 100% owned Woxna Graphite

mine (Sweden), Norra Karr HREE project (Sweden) and the 51% owned Bihor Sud Nickel Cobalt exploration alliance

(Romania).

Additional Information

The information was submitted for publication through the agency of the contact person set out above, on

November 3, at 8:15 am Vancouver time.

Leading Edge Materials is listed on the TSXV under the symbol “LEM”, OTCQB under the symbol “LEMIF” and

Nasdaq First North Stockholm under the symbol "LEMSE". Mangold Fondkommission AB is the Company’s Certified

Adviser on Nasdaq First North and may be contacted via email [email protected] or by phone +46 (0) 8 5030 1550.

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Reader Advisory

This news release may contain statements which constitute “forward-looking information”, including statements regarding the plans,

intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities

of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar

expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors

are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and

uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements

as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company,

continued availability of capital and financing and general economic, market or business conditions. There can be no assurances

that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.

The Company does not assume any obligation to update any forward-looking information except as required under the applicable

securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture

Exchange) accept responsibility for the adequacy or accuracy of this news release.