Burcon Updates on Developments

Vancouver, British Columbia–(Newsfile Corp. – April 28, 2023) – Burcon NutraScience Corporation (TSX: BU) (NASDAQ: BRCN) (“Burcon or the “Company”), a global technology leader in the development of plant-based proteins for foods and beverages, is pleased to provide an update on its developments in light of the recent announcement of the letter from NASDAQ regarding minimum bid price deficiency, Burcon’s recent share price weakness and the overall market volatility for the plant-based sector.Merit Production and SalesMerit Functional Foods Corporation (“Merit”), in which Burcon is a joint venture partner and licensor of its pea and canola technologies, continues to increase its production and sales at its state-of-the-art protein production facility.