NEWS RELEASE

CALIFORNIA NANOTECHNOLOGIES ISSUES STOCK OPTIONS

TSXV: CNO

OTCQX: CANOF

LOS ANGELES, CALIFORNIA, November 3, 2016 – California Nanotechnologies Corp. (the “Company” or "Cal Nano") would like to announce that it has granted 500,000 incentive stock options to the directors and officers of the Company. The options were granted pursuant to the Company’s Stock Option Plan, which received shareholder approval at the Annual General and Special Meeting held on January 15, 2016. The options were granted at the exercise price of $0.08 per share which was the closing price on November 2, 2016. The stock options will vest over three years, expire after a five year period and are subject to TSX Venture Exchange requirements. 

The options were granted according to the table below:

For further information, please contact:

David Grant, Interim CEO

T: (562) 404-8510 or (800) 577-6664

C: (714) 757-8863

E: d.grant@omni-lite.com

W: www.calnanocorp.com