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LEADING EDGE MATERIALS NEWS RELEASE LEADING EDGE MATERIALS CORP . 1305-1090 West Georgia Street , Vancouver , BC , V6E 3V7 T +1 604 685 9316 | www.leadingedgematerials.com TSX.V : LEM | Nasdaq First North : LEMSE | OTCQB : LEMIF March 25 , 2021 LEADING EDGE MATERIALS REPORTS QUARTERLY RESULTS TO JANUARY 31 , 2021 Vancouver , March 25 , 2021 - Leading Edge Materials Corp. ( " Leading Edge Materials " or the " Company " ) ( TSXV : LEM ) ( Nasdaq First North : LEMSE ) ( OTCQB : LEMIF ) announces first quarter results for the period ending January 31 , 2021. All references to dollar amounts in this release are in Canadian dollars . Highlights During and After the Quarter During the three months ended January 31 , 2021 the Company : • • Appointed Finnish capital markets firm Lago Kapital Oy as liquidity provider for its Nasdaq First North Stockholm listing replacing ABG Sundal Collier ASA . Signed a non - binding Letter of Intent with CSE - listed United Lithium Corp. ( " ULTH ” ) contemplating the potential sale of 100 % of the Bergby Lithium project . The potential sale is subject to , among other matters , a due - diligence review by ULTH and the signing of a binding Definitive Agreement which the Company is working towards finalizing . Commissioned Minviro Ltd. , a London based globally recognized life cycle assessment ( " LCA " ) consultancy , to build an LCA model and deliver an LCA report for the Woxna Graphite project . The LCA work carried out by Minviro includes a cradle - to - gate life cycle inventory and a life cycle impact assessment for five impact categories of interest . The results will be delivered to the Company in form of an ISO - Compliant Full Life Cycle Assessment and Report . In addition , Minviro will benchmark the results for Woxna against other functionally equivalent industry LCA data , including a number of both natural and synthetic graphite alternative products for energy storage applications . Subsequent to January 31 , 2021 the Company : • Signed a Definitive Agreement on February 11 , 2021 to sell 100 % of the Bergby Lithium project to CSE - listed United Lithium Corp ( the " Transaction ” ) . The Transaction is subject to , among other matters , certain closing conditions which the Company is working towards finalizing . On and subject to the conditions set forth in the Agreement , the Company will receive the following consideration under the Transaction : a ) CAD $ 250,000 in cash on the closing date of the Transaction ( the " Closing Date ” ) ; b ) 1,031,864 common shares in the capital of ULTH ( each , a “ ULTH Share " ) ; c ) 400,000 common share purchase warrants ( the " Warrants " ) with each Warrant entitling the Company to acquire , for a period of 36 months , one ULTH Share at an exercise price equal to approximately CAD $ 0.485 ; d ) an additional $ 250,000 in cash on the date that is 6 months following the Closing Date ; and e ) a 2 % net smelter returns royalty on the Project , which shall be subject to a buyback right in favour of ULTH for CAD $ 1,000,000 .