Mr. David Bibby reports

HYPERCHARGE ANNOUNCES EQUITY GRANTS

Hypercharge Networks Corp. has granted the following equity compensation to its directors, officers, employees and consultants.

The board has approved the following issuances:

• A total of 850,000 stock options to directors, officers, employees and consultants at an exercise price of 54 cents for a five-year term;
• A total of 1.05 million restricted share units (RSUs) to directors;
• A total of 1,485,000 performance share units (PSUs) to officers, employees and consultants.

The board has also approved annual compensation to directors, with issuances commencing Nov. 16, 2023, at exercise prices based on the close of trading on each anniversary as follows:

• A total of 200,000 options for a five-year term;
• A total of 70,000 RSUs for a five-year term.

Each RSU and PSU entitles the holder to receive, once vested, one common share of the company. The number of common shares earned upon the vesting of the PSUs will be determined by the performance of each holder.

"The company is pleased to incentivize those working closely with the company in this manner, and greatly appreciates the hard work and performance of our team", said David Bibby, president and chief executive officer of Hypercharge.

About Hypercharge Networks Corp.

Hypercharge Networks 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.