Micromem Technologies Inc. (MMTIF)

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Micromem Provides Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - March 23, 2020) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") provides the following update on its current projects. Micromem has been in discussions with both Chevron and Romgaz throughout the last quarter and as recently as March 20, 2020. Micromem has been advised by each partner that the respective projects are proceeding. Micromem and both partners have agreed to adjust scheduling as a result of the COVID-19 pandemic forcing staff reductions and travel restrictions that is affecting all suppliers, manufacturers and installers.

Joseph Fuda says: "We have developed strong relationships with our partners who continue to see the value in this technology and in the installation as contemplated. The current COVID-19 Pandemic is a global tragedy and everyone's top priority is the health and safety of their employees and partners at all levels and to follow the instructions of the health officials tasked in dealing with the pandemic."