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Neo Performance Rare Earth Materials

Neo Performance Materials Announces Board Change

Neo (TSX: NEO) announced today the resignation of Zhe Zhao from the board of directors of the Company, effective immediately. Ms. Zhao was serving on the Board as a nominee of Oaktree Capital Management L.P. and had agreed to tender her resignation following the closing of the sale of substantially all of Oaktree’s interest in Neo. Yadin Rozov, who was also serving as a nominee of Oaktree, has agreed, at the request of the Board, to continue to serve as a member of the Board and the Board has determined Mr. Rozov to be independent.

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