Mailing of Annual Financial Report and AM Notice

4 June 2021

MYCELX Technologies Corporation

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

Mailing of 2020 Annual Report and Notice of 2021 Annual Meeting

MYCELX Technologies Corporation ("MYCELX" or the "Company"), the clean water and clean air technology experts, announces that, following the release on 27 May 2021 of the Company's Final Results for the year ended 31 December 2020, the 2020 Annual Report are today being mailed to shareholders together with the Notice of 2021 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 2420 Meadowbrook Parkway, Duluth, Georgia, GA 30096, USA for a period of at least one month.

Annual Meeting

The Company's 2021 Annual Meeting will be held at 2:00 p.m. (BST) on Wednesday 7 July 2021 at the offices of Canaccord Genuity, 88 Wood St, London EC2V 7QR.

Provided that there are no ongoing COVID-19 restrictions that preclude shareholders from attending in person on the day, we look forward to welcoming the maximum number of shareholders that we are able, within safety constraints and in accordance with UK Government guidelines. Shareholders who choose to attend in person are asked to register their intention to do so as soon as practicable. Further information is set out in the Notice of Annual Meeting.

For further information please contact:

Notes to Editors

Through its revolutionary oil-free water technology, MYCELX brings its customers material benefits in terms of performance enhancement, cost savings and significantly improved environmental footprints. Working beyond any ordinary filtration methods, MYCELX's proprietary technology achieves oil removal to less than one part per million.  MYCELX supports leading international customers across the oil & gas value chain, as well as other industrial users.   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