No foward-looking information in the Oct. 21 update and now it is very specific:

http://web.tmxmoney.com/article.php?newsid=63359510&qm_symbol=PTK

http://web.tmxmoney.com/article.php?newsid=64896623&qm_symbol=PTK

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward -looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others, those concerning the Company's anticipated operational plans and activities including the following specific statements: (i) "Both milestones are expected to be completed in the first 3 to 5 weeks of fiscal 2014."; (ii) "The Company has scheduled its Molecular Beam Epitaxy (MBE) to be shut down for cleaning and maintenance for a period of approximately 10 weeks after completing Milestones 5 and 7. After restarting the MBE, the Company expects to complete Milestone 8 and, accordingly, the timeline for the completion of this milestone has been moved to the first quarter of fiscal 2014."; (iii) "The revolutionary features of POET, monolithic integration of fully complementary transistors together with optical transmitters and transceivers are expected to disrupt current optical-electrical techniques with faster and less expensive monolithical IC solutions." (iv) "For the first time p-channel and n-channel devices can be integrated monolithically in a III/V semiconductor environment with the potential to fully replace all silicon based CMOS circuitry with higher speed and lower power. Fully integrated single device optical transceivers including the full range of digital data processing at speeds of 100Gbps and beyond will become a reality as they cannot be manufactured with current silicon technology for power, speed and cost reasons." (iv) "This management reporting structure will encourage the success of the finalization of the research stage of POET and provide for the long term substantiation and transfer of the involved IP. A new development team will be formed with partners to scale the POET Technology to a mature stage." (v) "the Company will now change its focus from research to development, with a view to 2014 being the major recognition year for the POET technology." and (vi) "POET is a truly disruptive technology that is expected to change the roadmap capabilities for a broad range of applications and markets."

Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding future growth, plans for and completion of projects by the Company's third party relationships, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company's anticipated projects, delays or changes in plans with respect to the development of the Company's anticipated projects by the Company's third party relationships, risks affecting the Company's ability to execute projects, risks inherent in operating in foreign jurisdictions, the ability to attract key personnel, and the inability to raise additional capital.

Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward- looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.