Mr. David Bibby reports

HYPERCHARGE ANNOUNCES CLOSING OF $5 MILLION PRIVATE PLACEMENT

Hypercharge Networks Corp. has closed its previously announced non-brokered private placement financing of units of the company through the issuance of 4,761,904 units at a price of $1.05 per unit for gross proceeds of $5-million. Each unit comprises one common share and one-half of one share purchase warrant. Each warrant is exercisable into one share at a price of $1.35 for a period of three years from the date of issuance.

David Bibby, chief executive officer of Hypercharge, commented: "We are very pleased to complete this financing with strong participation from several strategic institutional investors, including Commodity Capital. The proceeds will enable us to pursue our ambitious goals for 2023."

In connection with the financing, the company paid a cash fee of $27,362.40 to certain finders.

The company intends to use the net proceeds from the financing for expanding operations, marketing and investor relations, R&D (research and development), and for business development and general working capital, as set out in more detail in the offering document related to the financing that can be accessed under the company's profile on SEDAR and on Hypercharge's website.

The financing was completed pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, and therefore the securities issued through the financing are not subject to a hold period in accordance with applicable Canadian securities laws.

Wallace Hill Partners Ltd. (WHP), an affiliate of Gold Standard Media LLC, a service provider that is engaged to provide digital marketing and investor relations services for the company commencing on April 3, 2023, participated in the financing by subscribing for a total of 714,285 units. Following completion of the financing, the company estimates that WHP will hold 1,089,285 shares (1,446,427 shares on a diluted basis), representing approximately 1.6 per cent of the company's total issued and outstanding shares (2.1 per cent on a partially diluted basis). See the company's press release dated March 22, 2023, for a description of the engagement of Gold Standard Media and WHP's shareholdings as at that date. North King Capital Inc., a promoter of the company (as that term is defined in the Securities Act (British Columbia)), and Harrison Newlands, an individual who controls North King Capital, together participated in the financing by subscribing for an aggregate of 29,012 units. A third party adviser of the company also participated in the financing by subscribing for an aggregate of 238,095 units.

No related parties, as that term is defined in Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, participated in the financing.

About Hypercharge Networks Corp.

Hypercharge is a leading provider of smart electric vehicle (EV) 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.

We seek Safe Harbor.