13 June 2022

MYCELX Technologies Corporation

("MYCELX" or the "Company") (AIM: MYX or MYXR)

Mailing of 2021 Annual Report and Notice of 2022 Annual Meeting

MYCELX Technologies Corporation ("MYCELX" or the "Company"), the clean water and clean air technology company transforming the environmental impact of industry, announces that, following the release on 17 May 2022 of the Company's Final Results for the year ended 31 December 2021, the 2021 Annual Report is today being mailed to shareholders together with the Notice of 2022 Annual Meeting.

Copies have been placed on the Company's website at www.mycelx.com. Copies will also be available free of charge from the Company's headquarters at 1650 International Court, Suite 100, Norcross, Georgia, USA 30093 for a period of at least one month.

Annual Meeting

The Company's 2022 Annual Meeting will be held at 2:00 p.m. (BST) on Wednesday 13 July 2022 at the offices of Canaccord Genuity, 88 Wood St, London EC2V 7QR.

For further information please contact:

Notes to Editors

Through its revolutionary patented water technology with a mission to reduce the impact of industry on the environment, MYCELX brings its customers material benefits in terms of supporting environmental goals, performance enhancement, cost savings and small footprint. Working beyond any ordinary filtration methods, MYCELX's proprietary technology achieves oil removal to less than one part per million as well as removal of other emerging contaminants in water streams. MYCELX supports its international customers across the oil & gas value chain by ensuring clean water discharge or reuse and in groundwater remediation for industrial and military sites. MYCELX also provides advanced air filtration technology for manufacturing and industrial facilities, effectively removing oil particles and biologicals to maintain continuous and safe air quality levels.

For more information, visit www.MYCELX.com