Mr. Chris Koch reports

HYPERCHARGE ANNOUNCES PARTICIPATION IN EV CHARGING LAUNCH EVENT IN DEVON, ALBERTA AND RE-FILING OF OFFERING DOCUMENT

Hypercharge Networks Corp. is participating in the Town of Devon's grand opening and open house event for the new Hypercharge Level 3 DC fast charger and 10 Level 2 charging stations.

The event will take place on Wednesday, May 17, 2023, from 4:30 to 6:30 p.m. at the Dale Fisher Arena parking lot. The new charging stations are located at the Devon Community Centre, Devon Town office, and Dale Fisher Arena, and are the result of a successful partnership between the Town of Devon municipality, Hypercharge, and Hypercharge preferred partner, sustainable projects group.

"We are thrilled to participate the launch event for these new EV charging stations," said Chris Koch, head of growth and partnerships at Hypercharge. "This project is an excellent example of how municipalities can work with clean tech partners to provide sustainable transportation infrastructure that benefits local communities and supports economic growth."

Residents are invited to attend the event to learn more about the new EV charging stations from Hypercharge staff and to enjoy refreshments supplied from the Town of Devon in celebration of the launch.

Refiling of offering document

The company also announces that it has filed an amended offering document in connection with its previously announced non-brokered private placement of up to 4,761,904 units of the company at a price of $1.05 per unit, for aggregate gross proceeds of up to $5-million. Further details of the terms of the offering can be found in the company's press release dated April 6, 2023. The company filed the amended offering document to account for recent rectifications made to the company's continuous disclosure record, which can be accessed under the company's profile at SEDAR.

The offering is expected to close on or around May 17, 2023. The offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the NEO Exchange. The offering is being completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions and therefore the securities issued in the offering will not be subject to a hold period in accordance with applicable Canadian securities laws. The amended offering document related to the offering can be accessed under the company's profile at SEDAR and at the Hypercharge website. Prospective investors should read this offering document before making an investment decision.

About Hypercharge Networks Corp.

Hypercharge 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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