CALIFORNIA NANOTECHNOLOGIES REPORTS 51% INCREASE IN REVENUES IN FIRST NINE MONTHS

TSX VENTURE: CNO

CERRITOS, CA, February 4, 2015 - California Nanotechnologies Corp. ("Cal Nano" or the "Company") is pleased to report financial results for the first nine months of fiscal 2015, ended November 30, 2014. In the March to November period, revenues on a US basis, increased by 51% to $299,179 US ($341,399 CAD), compared to $198,309 US ($210,093 CAD) during the same period last year. This increase in revenues was due mainly to increased sales in the oil and gas division.

Cal Nano’s net loss for the first nine months was $205,180 US or $0.01 per share, a significant improvement from a loss of $271,671 US in the same period last year. Overall operating expenses of $549,753 US were higher by 21% when compared to the prior period. These expenses supported the growth needs of the Company, requiring extra expenditures for wages and salaries, marketing, advertising, promotion and travel.

California Nanotechnologies hosts a complement of advanced processing and testing capabilities for your materials research & production needs. Multiple in-house Spark Plasma Sintering systems, cryogenic mills, mechanical testing, and tooling fabrication combine for agile ability to serve our customers. R&D and pilot-scale production services are performed by Cal Nano for both in-house programs and customer-funded projects. Programs range from Space, Aerospace, Nuclear, and Sports & Recreation industries.

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