PRESS RELEASE / February 26, 2021


MONTREAL QC/ ACCESSWIRE / February 26, 2021 - Loop Industries, Inc. (Nasdaq: LOOP) (the“Company” or “Loop”), a leading sustainable plastics technology innovator, today announced that NelsonGentiletti is retiring, and as such is stepping down from his roles as the Company’s COO and CFO. Mr.Andrew (Drew) Hickey is appointed as CFO of the Company effective March 1, 2021. Nelson Gentilettiwill remain with the Company until April 30 to ensure a smooth and successful transition of hisresponsibilities, which includes the completion of the Company’s year-end reporting.

Drew Hickey has had a successful career of more than 25 years both in North America and Europe ininvestment banking with large Canadian banks. He will be responsible for Loop’s corporate functions,including finance and legal. He will also draw upon his strong background in financing activities globally tohelp drive the commercialization of Loop’s technology.

“I am pleased to welcome Drew Hickey to Loop at this exciting stage of our strategic development,” saidDaniel Solomita, Loop’s Founder and CEO. “Drew is a sophisticated corporate finance professional, andhis experience and thoughtful demeanour will make him a valuable asset to Loop’s leadership team. Ilook forward to working together with him as we initiate new commercialization projects to capitalize onour technology.”

Mr. Solomita and the Board of Directors would also like to express their appreciation to Nelson Gentilettifor his role over the past two years in Loop’s continuing development as a public company, including hisleadership in enhancing Loop’s corporate governance, financial controls, and reporting practices, as wellas his role in positioning the business for the future. We wish Nelson continued success in retirement.