On January 11, 2022 IMMUNOPRECISE ANTIBODIES LTD. ("IPA" or the "Company") (NASDAQ: IPA) (TSXV: IPA), a leader in full-service, therapeutic antibody discovery, reported that on January 7, 2022 its board of directors approved the grant of 170,000 stock options (the "Options") under its stock option plan to acquire up to an aggregate of 170,000 common shares in the capital of IPA ("Common Shares") (Press release, ImmunoPrecise Antibodies, JAN 11, 2022, View Source [SID1234598579]). The Options were granted to certain officers of IPA. Each Option is exercisable for a period of five years from the date of grant at an exercise price of Cdn $7.94 per Common Share. One third of the Options granted to each officer will vest every six months from the date of grant.

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