Mr. David Bibby reports

HYPERCHARGE PROVIDES CORPORATE UPDATE IN CONJUNCTION WITH LISTING ON NEO EXCHANGE

Hypercharge Networks Corp. has provided the following corporate update in conjunction with the company's listing on the NEO Exchange this morning.

Since Hypercharge launched its electric vehicle charging solutions in April of this year, it has already sold over 600 new charging ports at 102 sites across North America and built a pipeline of projects worth north of $9-million in potential opportunities. The company's next steps are to continue to expand its foothold across Canada, while working closely with partners to continue its expansion into the U.S. market.

"There is a clear and growing trend towards the broad adoption of EVs in both the consumer and commercial auto markets," said David Bibby, chief executive officer and co-founder of Hypercharge. "Developing the infrastructure to support this growth is crucial for the success of widespread EV adoption. We are delivering this and taking it one step further by offering smart EV technology that can support the success of a range of customers, including multiunit residential, commercial retail and fleet operators."

Hypercharge offers a unique turnkey combination of industry-leading hardware, software and services, sold directly and through a growing partner channel of installers and service providers. Hypercharge provides its customers with simple, reliable EV charging solutions that grow their revenue and accelerate the shift toward a carbon-neutral economy.

"Today's listing on the NEO Exchange is an exciting milestone for the company," added Mr. Bibby. "We are the first Canadian-founded EV charging company to go public, and we are excited to invite investors to participate in the growth of Hypercharge and the growth of the carbon-neutral economy in Canada, the U.S. and beyond."

A 2022 Bloomberg NEF report estimates that EV adoption is forecasted to reach 52 per cent in the United States by 2030, and Natural Resources Canada estimated in a 2022 report that EV adoption is expected to reach 60 per cent in Canada that same year, up from 8 per cent where it currently sits. This is being driven by a variety of factors, including increased government funding and evolving consumer tastes. Fortune Business Insights projects that the global electric vehicle charging stations market size is expected to grow from $17.59-billion (U.S.) in 2021 to $111.90-billion (U.S.) by 2028.

Hypercharge is also pleased to announce that it has entered into an agreement with Oil and Gas Investments Bulletin (OGIB) for the provision of various corporate communications services for a 12-month term. Pursuant to the agreement, the company will pay to the service provider $175,000 in cash over the term. The company and the service provider act at arm's length. The service provider is a Canadian editor and publisher that produces informational content targeted to retail investors, which is published on two websites.

About Hypercharge Networks Corp.

Hypercharge is a leading provider of smart electric vehicle (EV) charging solutions to multiunit residential, commercial, retail and fleet operators. Driven by its mission to accelerate EV adoption and enable the shift toward a carbon-neutral economy, Hypercharge is committed to providing seamless, simple charging solutions by offering industry-leading equipment and a robust network of public and private charging stations.

We seek Safe Harbor.