ImmunoPrecise Antibodies Ltd. has appointed, in its search for optimal Board composition, Barry A. Springer, Dirk Witters and Chris Buyse to the Board of Directors of the Company. Barry A. Springer is currently the principal at Springer Bio-Tech Consulting, LLC and was previously the Vice President of Janssen Strategy, Operations and Innovation. Mr. Springer advised biotechnology and pharmaceutical companies providing executive level strategic advice in the areas of biologics and small molecule drug discovery and development, and platform technology development.

Dirk Witters founded Conanti Consult BV in 2019, an advisory boutique, where he, among other things, advises on the execution of acquisitions and capital raising assignments. Prior to that, Mr. Witters also served as an advisor to the founder of New Rhein Healthcare Investors, a private equity investment firm focused on healthcare therapeutics and medical devices. In addition to this more recent capital raising experience, Mr. Witters also spent 20+ years with KBC Group in Corporate and Investment Banking, including eight years as CEO of KBC France.

Chris Buyse is currently a Board member and Chairman of the Audit Committee of Inventiva SA, a dual-listed company on Euronext Paris and Nasdaq and a board member and member of the Audit Committee of Hyloris Pharmaceuticals a company listed on Euronext Brussels. Mr. Buyse has extensive experience in capital raising endeavours having co-founded FUND+ NV/SA, a private fund, investing in companies in the life sciences sector with a European focus, where he is currently a board member. He was also previously the CFO at ThromboGenics, a biopharmaceutical company listed on the Euronext Brussels Stock market, where he guided the company through its IPO and four capital raises (the raises totaling an aggregate of EUR 500 million).

In addition to the above appointments, the Company wishes to announce that: 1. Gregory S. Smith has resigned as a director of the Company, effective immediately. The Company thanks Mr. Smith for his service and wishes him all the best in his future endeavours and 2. None of IPA's three incumbent non-executive board directors (Dr. James Kuo, Dr. Robert Burke and Lisa Helbling) will stand for re-election at the upcoming Annual General Meeting, to be held no later than early November 2023.