Burcon Announces Breakthrough in Sunflower Protein Development

Burcon's sunflower protein isolate sets new benchmark for the next generation of high-quality, clean-label plant-based protein ingredients

Vancouver, British Columbia--(Newsfile Corp. - September 20, 2022) - Burcon NutraScience Corporation (TSX: BU) ("Burcon" or the "Company"), a global technology leader in the development of plant-based proteins for foods and beverages, is pleased to announce that it has developed an economical, scalable process to extract high-purity protein ingredients from sunflower seeds for use in foods and beverages.

Leveraging its core protein technology platform and expertise, Burcon has developed a proprietary extraction and purification process to convert sunflower meal, a by-product of the production of sunflower oil, into high-quality sunflower protein isolates that feature a neutral taste and off-white color. These unique properties make them ideal for use in a variety of valuable food applications, in particular those featuring delicate flavors. Sunflower proteins currently on the market consist of concentrates in the range of 50-60% protein content, while Burcon's new sunflower protein isolates are greater than 90% pure protein. Like all Burcon proteins, our sunflower proteins feature exceptional taste and functional attributes that can address many of the formulation challenges currently facing plant-based protein product developers as they address rising global consumer demands for protein-rich foods and beverages that have clean labels and are natural, tasty and more sustainable.

Commenting on the new sunflower protein innovation, Peter H. Kappel, interim CEO and Chairman of the Board, said: "This latest development further validates Burcon as a global technology innovator in sustainable protein ingredients, leveraging its leading-edge expertise to create significant value in the global food supply chain. A source of clean-label, plant-based protein that offers excellent taste and texture is exactly what food and beverage product formulators are seeking. We are highly encouraged by the positive feedback we've received to date for our sunflower protein and are working diligently to bring this next-generation protein ingredient to market as soon as possible."

Sunflower is the world's third-largest oilseed crop - behind soy and canola/rapeseed - and is a natural oilseed source of non-GMO, non-allergenic, clean label protein. Once oil is extracted from the seeds, the leftover meal is normally fed to livestock to develop animal protein. However, the Burcon process innovation allows high-quality, food-grade plant protein to be upcycled directly from the meal much more effectively, making it a highly sustainable protein ingredient for use in various food and beverage applications around the world.

Burcon is collaborating with Pristine Gourmet, a processor of 100% pure Canadian, non-GMO cold-pressed virgin oils, to further optimize Burcon's novel sunflower protein technology. The parties are working together under a previously announced $1 million project that included a co-investment from Protein Industries Canada. In addition, Burcon intends to develop ideal food and beverage applications for its unique sunflower protein isolate while establishing a market for this new class of plant-based protein ingredients.

About Burcon NutraScience Corporation

Burcon is a global technology leader in the development of plant-based proteins for foods and beverages. With over two decades of experience formulating high-purity proteins that have superior functionality, taste and nutrition, Burcon has amassed an extensive patent portfolio covering its novel plant-based proteins derived from pea, canola, soy, hemp and sunflower seeds, among other plant sources. In 2019, Merit Functional Foods Corporation ("Merit Foods") was established between Burcon and three veteran food industry executives. Merit Foods has since built and commissioned a state-of-the-art protein production facility in Manitoba, Canada that is producing, under license from Burcon, best-in-class pea and canola proteins for the food and beverage industries. For more information, visit www.burcon.ca.

Forward-Looking Information Cautionary Statement
The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements or forward-looking information involve risks, uncertainties and other factors that could cause actual results, performances, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements or forward-looking information can be identified by words such as "anticipate," "intend," "plan," "goal," "project," "estimate," "expect," "believe," "future," "likely," "may," "should," "could," "will" and similar references to future periods. All statements included in this release, other than statements of historical fact, are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements or information. Important factors that could cause actual results to differ materially from Burcon's plans and expectations include the implementation of our business model and growth strategies; trends and competition in our industry our future business development, financial condition and results of operations and our ability to obtain financing cost-effectively; potential changes of government regulations; and other risks and factors detailed herein and from time to time in the filings made by Burcon with securities regulators and stock exchanges, including in the section entitled "Risk Factors" in Burcon's annual information form for the year ended March 31, 2022 and its other public filings with Canadian securities regulators on SEDAR at www.sedar.com. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Any forward-looking statement or information speaks only as of the date on which it was made, and, except as may be required by applicable securities laws, Burcon disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Although Burcon believes the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and, accordingly, investors should not rely on such statements.

Industry Contact
Paul Lam
Director, Investor Relations
Burcon NutraScience Corporation
Tel (604) 733-0896, Toll-free (888) 408-7960
plam@burcon.ca www.burcon.ca

Investor Contact
James Carbonara
Hayden IR
Tel (646) 755-7412
james@haydenir.com

Media Contact:
Steve Campbell, APR
President
Campbell & Company Public Relations
Tel (604) 888-5267
TECH@CCOM-PR.COM

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137747

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