Mr. Chris Koch reports

HYPERCHARGE TO PROVIDE EV CHARGING STATIONS TO ALBERTA MOTOR ASSOCIATION

Hypercharge Networks Corp. has been selected by the Alberta Motor Association (AMA) to provide six Level 2 charging stations to two of its locations, Edmonton Contact Centre and Calgary Blackfoot, with installation due to be completed in second quarter 2023.

The AMA is a non-profit organization that provides various motor services, including roadside assistance, travel services, insurance and registry services, to its over 975,000 members. In addition to serving its members, the AMA is also committed to promoting traffic safety and advocating for the rights of drivers and travellers.

"We are thrilled to partner with the AMA through our existing relationship with Hypercharge preferred partner Inferno Solar, and we look forward to providing convenient and accessible charging for the association's employees, members and visitors," said Chris Koch, head of growth and partnerships at Hypercharge. "The installation of these charging stations is an important step in our commitment to promoting sustainable transportation options across Alberta."

The deal was completed in consultation with Hypercharge preferred partner Inferno Solar, which will also manage turnkey installation of the chargers. Inferno Solar acts as a value-added reseller for the company, interfacing with both the residential and commercial markets for those seeking to make an investment in electric vehicle charging infrastructure.

Refiling of management's discussion and analysis

The company also announces that it will be restating and refiling management's discussion and analysis for the four months ended Dec. 31, 2022, to enhance the disclosure regarding the company's acquisition of Spark Charging Solutions Inc. and CoSource Information Technology Services Inc.; variations between financial quarters; the company's use of proceeds from prior financings; and the company's related-party transactions. The company is actively working on amending the MD&A to include such additional disclosure and will refile the MD&A as soon as possible.

About Hypercharge Networks Corp.

Hypercharge (NEO Exchange: HC) (OTCQB: HCNWF) (Frankfurt Stock Exchange: PB7) is a leading provider of smart electric vehicle charging solutions that offers turnkey technology to multiunit residential and commercial buildings, fleet operations, and other rapidly growing sectors. 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.

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