Martinrea International Inc. Announces Agreement to Invest in NanoXplore Inc.

Toronto, Ontario – Martinrea International Inc. (TSX: MRE) (“Martinrea” or the “Company”), a  leader in the development and production of quality, lightweight metal parts, assemblies and modules and fluid management systems and complex aluminum products, announced today it  intends to subscribe for 11,538,461 common shares in NanoXplore Inc. (“NanoXplore”: TSX‐V:  “GRA”) pursuant to a private placement announced by NanoXplore for the issuance of common  shares and convertible debentures.

Martinrea currently holds an aggregate of 5,911,800 common shares of NanoXplore shares,  2,750,000 warrants to purchase additional Shares of NanoXplore at an exercise price of $0.70  per share and 205,900 warrants to purchase additional Shares of NanoXplore at an exercise  price of $2.30 per share which were acquired in two separate private placement transactions.  This investment, when completed, would bring Martinrea’s ownership interest in NanoXplore  to approximately 16% of the issued and outstanding Shares of NanoXplore, depending on the  final size of NanoXplore’s private placement.

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Martinrea International Inc.
3210 Langstaff Road, Vaughan, Ontario, Canada, L4K 5B2 |