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PyroGenesis Announces Receipt of CAN$531,600 Representing 3rd Progress Payment under Contract with HPQ Silicon Resources Inc.

MONTREAL, QUEBEC–(Marketwired – Feb. 28, 2017) – PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX VENTURE:PYR) (OTCQB:PYRNF), a clean-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes plasma waste-to-energy systems and plasma torch products, announces today that it has received the 3rd progress payment under its previously announced $8.3MM contract with HPQ Silicon Resources Inc. (“HPQ“) to provide a 200 metric tonne per year PUREVAPT pilot system (the “System”) to produce silicon metal directly from quartz (the “Contract”). To date, PyroGenesis has received payments in excess of CAN$3.3MM, or more than 40% of the value of the Contract.