Mr. Jeff Allison reports

HTC PROVIDES UPDATE ON STATUS OF FINANCIAL STATEMENTS

HTC Purenergy Inc. is providing an update to its previously announced management cease trade order (MCTO) granted by the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) under National Policy 12-203 -- Management Cease Trade Orders (NP 12-203).

Pursuant to the MCTO, the company's board of directors and management team consisting of chief executive officer Lionel Kambeitz, chief financial officer Jacelyn Case, president Jeffrey Allison, and directors Garth Frederickson and Wayne Bernakevitch may not trade in securities of the company until such time as the company files its annual audited financial statements, annual management's discussion and analysis, and related certifications for the year ended Dec. 31, 2022, and the FCAA revokes the MCTO.

The MCTO does not affect the ability of other shareholders to trade their securities.

The company has not yet filed the required documents; however, the company is working diligently with its auditors and expects that the required documents will be filed as soon as possible. The required documents are being filed later than originally expected due to due to delays regarding audit requirements related to the conversion of debt to securities of regulated U.S. entities. The company is working with the company's auditors and its valuators to complete the necessary financial statements, including the associated audit.

HTC also confirms that it intends to satisfy the provisions of NP 12-203 and issue biweekly default status reports for so long as HTC remains in default of the financial statement filing requirement, containing any material changes to the information in this release, all actions taken by HTC to remedy the default, particulars of any failure by HTC to fulfill these provisions, any subsequent defaults of HTC requiring a default announcement and any other material information concerning the affairs of HTC not previously disclosed.

HTC Purenergy trades on the OTCQB Venture Market for early-stage and developing U.S. and international companies. Companies are current in their reporting, and undergo an annual verification and management certification process.

We seek Safe Harbor.