NEO Battery Materials Ltd. Announces Licensing Agreement with University-Industry Foundation of Yonsei University in Korea

Vancouver, British Columbia – March 8, 2021

NEO Battery Materials Ltd. (TSXV: NBM) (“NEO” or the “Company”) is pleased to announce it has entered into a licensing agreement (the “Agreement”) with the University-Industry Foundation of Yonsei University ( “Yonsei University”).

Under the terms of the Agreement, the Company will be granted an exclusive world-wide license for three patents owned by Yonsei University related to silicon nano coating technology for battery anode materials.

The three patents to be licensed include:

1Negative electrode active material for lithium secondary battery, method of preparing the same, and lithium secondary battery comprising the same
2Three-phase Titanium dioxide nanoparticles and method of manufacturing the same
3Silicon/polymer composite nanoparticles, anode for lithium secondary battery comprising the same, and method for manufacturing the silicon/polymer composite nanoparticles

“We are extremely pleased to announce that NEO Battery Materials has secured the key intellectual properties related to advanced silicon enhanced technology to meet the increasing demands for the next generational battery anode materials. We strongly believe that our technology has the potential to achieve and realize the improved energy density and superior performance of silicon-based hybrid anodes in lithium-ion batteries. Added with a lean and efficient manufacturing process, NEO will be capable of producing anode materials at a low cost, and the abundance of silicon will allow NEO to be a vertically integrated mining company, establishing a robust value chain that further pushes costs down,” said Spencer Huh, CEO of the Company.

Spencer Huh also added, “Silicon has been considered as one of the most attractive anode materials in decades because of its exceptionally high energy density, having more than 9.6 times the gravimetric capacity compared to conventional graphite. However, the volume expansion issue of silicon during lithiation has been the main obstacle for the industry to adopt the technology. The Company believes that the secured technology could manage and resolve this specific issue related to silicon. Further to that, Dr. Park, Director and Chair of the Scientific Advisory Board, will provide more detailed and technical information regarding this Agreement.”

About University-Industry Foundation of Yonsei University

The University-Industry Foundation (UIF) of Yonsei University was founded in 1991 as the Yonsei University Office of Research Affairs to accelerate the initiative to become the leading global research-focused university. Since then, the UIF has achieved noticeable synergies and accomplishments with domestic and international companies through licensing their diverse portfolio of patents and intellectual properties.

About NEO Battery Materials Ltd.

NEO Battery Materials Ltd. is a Vancouver-based junior resource company focused on battery metals exploration in North America. The Company has staked new mining claims in Golden, BC, along a strike with a quartzite bed, targeting silica in the quartzites for a total of 467 hectares. The Company focuses on exploring and producing silicon, which, when added to anode materials in the production of lithium-ion batteries, provides improvements in capacity and efficiency over lithium-ion batteries using graphite in their anode materials. The Company intends to become an integrated silicon producer and anode materials supplier to the electric vehicle industry. For more information, please visit the Company’s website at:

On behalf of the Board of Directors

Spencer Huh
President and CEO

Cautionary Statements Regarding Forward Looking Statements

This presentation contains “forward-looking information” within the meaning of the applicable securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified notably by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock prices; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of minerals; (v) the risk associated with establishing title to mineral properties and assets; (vi) the risks associated with entering into joint ventures; (vii) fluctuations in mineral prices; (viii) the risks associated with uninsurable risks arising during the course of exploration, development and production; (ix) competition faced by the resulting issuer in securing experienced personnel and financing; (x) access to adequate infrastructure to support mining, processing, development and exploration activities; (xi) the risks associated with changes in the mining regulatory regime governing the Company; (xii) the risks associated with the various environmental regulations the Company is subject to; (xiii) risks related to regulatory and permitting delays; (xiv) the reliance on key personnel; (xv) liquidity risks; (xvi) the risk of litigation; and (xvii) risk management.

Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, no material adverse change in mineral prices, exploration and development plans to proceed in accordance with plans and such plans to achieve their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the 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 forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company’s business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this presentation, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.

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

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