CALIFORNIA NANOTECHNOLOGIES REPORTS SIGNIFICANT POSITIVE CASH FLOW AND NET INCOME IN THIRD QUARTER

TSX VENTURE: CNO

CERRITOS, CA, February 25, 2016 - California Nanotechnologies Corp. ("Cal Nano" or the "Company") is pleased to report financial results for the first nine months of fiscal 2016 which ended November 30, 2015. In the March to November period, revenues on a US basis, increased by 10% to $330,216 US, compared to $299,179 US during the same period last year.

Cal Nano’s net loss for the first nine months was $90,718 US, a significant improvement from a loss of $205,180 US in the same period last year. Overall operating expenses of $360,631 US were lower by 34% when compared to the prior period. 

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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