News Releases

CYMAT Reports on Debt Conversion and Warrant Exercise

Toronto, Ontario

Today, Cymat Technologies Ltd. (the “Company” or “Cymat”) reported that all of its 12% Convertible Debentures with an aggregate face value of $2,584,250 and a maturity date of June 30, 2017, were converted into Cymat Common Shares at the option of the debenture-holders in accordance with the Debenture agreements. As a result of the Debenture conversions, the Company has issued 12,921,250 Common Shares.

Additionally, Cymat reports that a total of 7,060,285 Warrants (exercise price of $0.25 per share, expiry date of June 30, 2017), issued in conjunction with the Debentures, were exercised. Exercise of the Warrants provided the Company with proceeds of $1,765,071. The remaining 5,960,965 of these Warrants expired, unexercised.

As a result of the Debenture conversion and Warrant exercise, approximately 37,124,330 Cymat Common Shares are issued and outstanding at the start of July 4, 2017. Additional securities issued and outstanding are 1,187,500 warrants with an expiry date of October 6, 2018, and 2,379,408 employee stock options.

Michael Liik, Cymat’s Executive Chair, stated “We are pleased that the debt conversion leaves Cymat with a cleaner and stronger balance sheet and that the warrant exercise provides the Company with funds that can be utilized in the pursuit of its strategic goals including the composite panel joint venture with Alucoil.”

About Cymat:

Cymat Technologies Ltd. is an innovative materials technology company employing a proprietary process to manufacture our unique Stabilized Aluminum Foam (“SAF”). Cymat SAF is an advanced lightweight recyclable material with a wide array of features including customizable density and dimensions, energy absorption and thermal and acoustic insulation. Cymat is focused on producing SAF for architecture, blast mitigation, automotive, transportation and industrial markets. Cymat’s architectural brand, Alusion™, has become an accepted choice for superior and unique cladding and façade alternatives for the building industry. The Alusion™ brand is recognized globally, having completed projects on almost every continent.

Cymat’s SmartMetal™ division has developed proven products for energy absorption applications including blast mitigation for the military sector and impact reduction for the nuclear energy sector. Cymat is working with numerous manufacturers and solution providers around the world for the integration of SmartMetal™ into kinetic energy management systems. Cymat is based in Mississauga, just outside Toronto, where it operates a 2.400 sq. metre plant. For further information on Cymat, please visit our Web site www.cymat.com.

For further information: please contact:

Investors and Media:

Michael Liik, CEO
Cymat Technologies Ltd
416-704-6217
liik@cymat.com

Investor Cubed Inc.:
Neil Simon, CEO
647-258-3310
nsimon@investor3.ca