Mr. Jim Payne reports

DYNACERT ANNOUNCES THE OVERSUBSCRIBED CLOSING OF ITS NON-BROKERED PRIVATE PLACEMENT

DynaCERT Inc. has closed the second and final tranche of its non-brokered private placement of units. The initial offering size of $2.5-million has been increased due to being oversubscribed by $500,000. A further 7,232,667 units have been issued today, for gross proceeds of $1,084,900. As a result, together with the first tranche of 12,767,333 units (for proceeds of $1,915,100), a total of $3-million in aggregate gross proceeds has been raised under the offering. The total number of units issued is 20 million, each at a price of 15 cents per unit.

Each unit consists of one common share of the company and one-half of a common share purchase warrant. Each whole warrant is exercisable into one common share at an exercise price of 20 cents per warrant at any time for a period commencing upon the closing of the respective tranches of the offering for a period of 36 months thereafter.

If, at any time after the date that is four months and one day after the closing date, the closing trading price of the common shares on the Toronto Stock Exchange is greater than 35 cents per common share for a period of 10 consecutive business days, then the company may give notice thereof to the holders of the warrants, and, in such case, the expiry time of the warrants shall be accelerated and shall be the 30th day after the date on which such notice is deemed to have been given by the company.

All of the securities issued under this second tranche closing (including all underlying securities) are subject to a statutory hold period of four months plus one day, which will expire on Nov. 4, 2024. Two insiders participated in the first tranche of the offering, purchasing an aggregate of $412,500 or 2.75 million units under that closing. Such subscriptions are considered to be related party transactions and are therefore subject to the provisions of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, however, exemptions are available from the minority shareholder approval and valuation requirements set forth in the foregoing instrument.

In connection with the closing of the first tranche, an aggregate of 21,667 compensation warrants were issued, each being exercisable into one unit at an exercise price of 18 cents per unit for a period of 24 months after the closing of the first tranche and an aggregate of $4,450 has also been paid in cash commissions. The company paid no finders' fees, nor compensation warrants, in connection with the second tranche closing.

The gross proceeds of the offering will be used to finance sales of the company's HydraGEN technology products to participants in the mining, oil and gas, transportation, and generator sectors on a global basis, for working capital, for general corporate purposes, and permitted finders' fees under applicable securities legislation (if applicable).

The offering has been offered for sale to purchasers: (i) in all provinces of Canada pursuant to available private placement exemptions; (ii) in the United States on a private placement basis pursuant to available exemptions from the registration requirements under the United States Securities Act of 1933, as amended; and (iii) in offshore jurisdictions as may be agreed to by the company pursuant to available prospectus or registration exemptions in accordance with applicable laws.

About DynaCERT Inc.

DynaCERT manufactures and distributes carbon emission reduction technology along with its proprietary HydraLytica telematics, a means of monitoring fuel consumption and calculating GHG (greenhouse gas) emissions savings designed for the tracking of possible future carbon credits for use with internal combustion engines. As part of the growing global hydrogen economy, the company's patented technology creates hydrogen and oxygen on demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. DynaCERT's technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment.

We seek Safe Harbor.