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Leading Edge Materials Provides Update on High Purity Battery

Corporate Updates

NEWS RELEASE May 18, 2017

LEADING EDGE MATERIALS CORP.

1305 – 1090 West Georgia Street, Vancouver, BC, V6E 3V7

T +1 604 685 9316 | leadingedgematerials.com

TSX.V : LEM OTCQB : LEMIF

emerging materials, expanding markets

Leading Edge Materials Provides Update on High Purity Battery

Graphite Qualification from the Woxna Project, Sweden

Vancouver, Canada – Leading Edge Materials Corp . (“Leading Edge Materials”) or (the Company”)

(TSXV:LEM) (OTCQB: LEMIF) is pleased to announce test results from ten 18650 lithium ion battery

cells manufactured using high purity graphite from the Company’s Woxna mine and processing facility

in Sweden. 18650 battery cells are the “industry standard” for testing battery performance, equivalent

to those manufactured by Panasonic and used in Tesla electric vehicles.

Production of 18650 format cells has enabled a more comprehensive test of the performance of Woxna

high purity graphite in lithium ion batteries. The batteries bearing Woxna graphite were tested using

High Precision Coulometry (“HPC”) to measure an ode performance and stability under “real-world”

conditions. Test results are positive and encour age LEM to proceed further with battery material

qualification. The next stage of testing will in clude expanded 18650 battery cell manufacture and

undertaking more exhaustive material and performance testing.

Highlights of the latest test work include:

 Strong and consistent battery cell capacity over 2 Ah

 High coulombic efficiency (CE) trending over 99%

 Excellent results for natural flake graphite anode materials

Blair Way, President and CEO, stated “It is rewarding to see the progress made in the testing of our

Woxna graphite for the lithium ion battery market. 18650 cells were manufactured using over 4kg of

Woxna high purity graphite, and provide the best test of graphite anode performance under real world

conditions, well beyond the testing possible on smaller coin cells. The HPC test results are encouraging

and I look forward to continuing this qualification process.”

A large quantity of commercial graphite flotation concentrate from the Woxna mine in Sweden was

shipped to an independent laboratory in the United States for spheronising and thermal purification.

This high purity graphite was used to produce anode material for the manufacture of 18650 battery

cells. These cells were tested with HPC to esti mate the cell life cycle capability. HPC measures

coulombic efficiency (“CE”) which is the loss of electrons per cycle, by accurately measuring the charge

delivered during discharge against the charge stored during charging. The closer the coulombic

efficiency gets to 100% the longer the life of the battery. At 100% CE the battery life is infinite, which

has not been achieved to date in any lithium ion battery. The company will provide further updates as

test work and qualification progresses.

On behalf of the Board,

"Blair Way"

Blair Way, President & CEO

For further information, contact: 1.604.685.9316

or [email protected]

www.leadingedgematerials.com

About Leading Edge Materials

Leading Edge Materials was formed with our sights fi rmly focused on the material demands of a once-in-a-

generation revolution, as the world shifts to the effici ent production, storage and preservation of low carbon

energy. From the lithium batteries in our electric vehicles to our ability to generate energy from the sun, wind and

waves LEM is focused on the green energy markets. Wi th a focus on Europe and assets in innovation-rich

Scandinavia, Leading Edge Materials is ideally placed to pl ay a pivotal role in the sustainable supply of critical

technology materials.

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The TSX Venture Exchange nor its Regulati on 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.

The qualified person as defined in National Instrument 43-101 for the Woxna project, Blair Way, President, Chief

Executive Officer and a director of the Company, and a Fellow of the Australasian Institute of Mining and

Metallurgy, has reviewed and verified the contents of this release.

Forward-Looking Information. This news release may contain forwar d-looking statements and information

based on current expectations. These statements should not be read as guarantees of future performance or

results. Such statements involve known and unknown risks, uncertainties and other fact ors that may cause actual

results, performance or achievements to be materially different from those implied by such statements. Such

statements include but are not limited to, the Company’s expectations regarding graphite production at Woxna, the

Company’s preliminary economic assessment on Woxna is no longer current or valid as a result of the filing of a

new NI 43-101 Technical Report effective March 24, 2015, and the Company has no plans to complete a new

preliminary economic assessment, a pre-feasibility or feasibilit y study on the project, as such there is an increased

risk of technical and economic failure for the Woxna graphite project; unexpected geological conditions; exploration

activities to advance other critical material projects of the Company for energy storage markets, delays in obtaining

or failure to obtain necessary permits and approvals from government authorities. Al though such statements are

based on management's reasonable assumptions, there ar e risk factors which could cause the Company's actual

results, performance or achievements to be materially different from any future results, performance or

achievements expressed or implied by the forward-look ing information contained he rein. All forward-looking

information herein is qualified in its entirety by th is cautionary statement, and the Company disclaims any

obligation to revise or update any su ch forward-looking information or to publicly announce the result of any

revisions to any of the forward-looking information co ntained herein to reflect future results, events or

developments, except as required by law.