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Leading Edge Announces Closing of Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

Vancouver, Canada – Leading Edge Materials Corp. (“Leading Edge Materials“) or (the “Company“) (TSXV: LEM) (OTCQB: LEMIF) is pleased to announce closing of the private placement (the “Placement“) that was announced by the Company on November 18, 2016.  Under the Placement, the Company issued 3,982,000 units (the “Units“) at a price of C$0.45 per Unit, for gross proceeds of C$1,791,900.  Each Unit is comprised of one common share (a “Share“) of the Company and one common share purchase warrant (a “Warrant“).  Each Warrant is exercisable to acquire one additional Share, at a price of C$0.70 per Share, for a period of three years expiring on December 14, 2019.

The Company paid cash finder’s fees of $13,756.50 and issued 30,570 common share purchase warrants (the “Finder’s Warrants“) to two finders in connection with certain subscriptions in the Placement. The Finder’s Warrants have the same terms as the Warrants.

The securities issued pursuant to the Placement are to subject to a four-month hold period expiring on April 15, 2017.

The Company intends to use the net proceeds from the Placement to testwork towards the production of high purity graphite at the Woxna graphite project, to further lithium and cobalt exploration activities, and for general corporate requirements.  Proceeds from the Placement will allow an accelerated work program during 2017.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States.  The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws and may not be offered or sold in the United States or to U.S. Persons absent registration under the U.S. Securities Act and applicable state securities laws or an applicable exemption from such registration requirements.

On behalf of the Board,

“Blair Way”
Blair Way, President & CEO

The TSX Venture Exchange nor its Regulation 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.

Forward-Looking Information. This news release may contain forward-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 factors 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 testwork 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 feasibility study on the project, as such there is an increased risk of technical and economic failure for the Woxna graphite project; unexpected geological conditions; timing of exploration activities to advance the Company’s lithium and cobalt projects, delays in obtaining or failure to obtain necessary permits and approvals from government authorities.  Although such statements are based on management’s reasonable assumptions, there are 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-looking information contained herein. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.