CALIFORNIA NANOTECHNOLOGIES ISSUES STOCK OPTIONS

Aug 5, 2020

TSX VENTURE: CNO

OTMKTS: CANOF

LOS ANGELES, CALIFORNIA, August 5 th , 2020 - California Nanotechnologies Corp. ("Cal Nano" or the "Company") is pleased to announce that it has granted 560,000 incentive stock options to the employees, directors and officers of the Company. The options were granted pursuant to the Company’s Stock Option Plan, which received shareholder approval at a Board of Directors Meeting held on July 30, 2020. The options were granted at the exercise price of $0.055 per share which was the closing price on August 4, 2020. The stock options will vest over three years, expire after a five year period and are subject to TSX Venture Exchange requirements. 

The options granted include those in the table below:

For further information, please contact:

Eric Eyerman, CEO

T: (562)-991-5211

E: info@calnanocorp.com

W: www.calnanocorp.com