Leading Edge Materials Reports Quarterly Results to July 31st 2019.

VANCOUVER: Leading Edge Materials Corp. ("Leading Edge Materials" or the "Company") (TSXV: LEM) (OTCQB: LEMIF) (Nasdaq First North: LEMSE) announces third quarter results for the period ending July 31st, 2019. All amounts in this release are in Canadian dollars.

Work undertaken by Leading Edge Materials during the third quarter of 2019 was in line with the Board's established plan to benefit from the roll out of transport electrification in Europe, while responding to the findings of an internal strategic review completed in May 2019.

The strategic review highlighted that the Company's combination of discovery-stage and development-stage assets may present different requirements with regard to operational structure, capital needs and investor preferences. As a result, the Board elected to seek direct funding into its Swedish subsidiary Woxna Graphite AB, and if successful initiate the transition of Woxna Graphite AB into a freestanding company. A freestanding structure may enable Woxna Graphite AB to execute more effectively upon a high value graphite materials business plan by undertaking strategic financings independent of Leading Edge Materials, and allow the local team to be expanded with an increased focus on customer relationships. Furthermore, it is anticipated that Woxna Graphite AB will be in a stronger position to benefit from Swedish and European public funding opportunities that are developing in the battery materials sector.

Direct funding opportunities have been sought during the reporting period. The Board is reviewing potential alternatives, along with identifying appropriate leadership and other resources. The Board will communicate these findings as they become available. The Board emphasizes that Leading Edge Materials will continue to hold significant exposure to the success of the Woxna graphite mine as a future graphite materials supplier.

At the Woxna graphite mine, the Company is focused on optimization of the processes required to convert low value graphite into high value finished products including lithium-ion battery-ready anode material.

During the reporting period, research was completed to manufacture expandable graphite using material from Woxna. Research was completed in Germany with leading consultancy ProGraphite GmbH. ProGraphite used run-of-mine +80 mesh (>180 micron) material from the Woxna mine to test a range of standard process variables. Testing demonstrated that expansion in line with commercial graphite products can be achieved with a combination of sulphuric acid and potassium permanganate. The methods tested did not require the use of toxic chromium, lead, or bromine-bearing chemicals that are used in the manufacture of some Chinese expandable graphite.

Expandable natural graphite is a critical industrial material, with a significant and growing market. Current market size is estimated to be 70,000 to 80,000 tonnes per year, with approximately...