Mr. Raghu Kilambi reports

POWERTAP PROVIDES BI-WEEKLY STATUS REPORT

Powertap Hydrogen Capital Corp. is providing this update on the status of a management cease trade order granted on Sept. 29, 2023, by the B.C. Securities Commission under National Policy 12-203 (Management Cease Trade Order).

On Sept. 29, 2023, the company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements and accompanying management's discussion and analysis for the fiscal year ended June 30, 2023, beyond the period prescribed under applicable Canadian securities laws.

During the MCTO, the general investing public will continue to be able to trade in the company's listed common shares. However, the company's chief executive office and chief financial officer will not be able to trade in the company's common shares.

Further to the past biweekly status update made on Nov. 10, 2023, the company advises that it has appointed Zeifmans LLP as auditor of the company, effective immediately.

The appointment of Zeifmans was approved by the board of directors of the company.

Other than as disclosed in this news release, there are no material changes to the information contained in the default announcement. The company confirms that it intends to satisfy the provisions of NP 12-203 and will continue to issue biweekly default status reports for so long as it remains in default of the annual filings requirement.

About Powertap Hydrogen Capital Corp.

Powertap, through its wholly owned subsidiary, Powertap Hydrogen Fueling Corp., is focused on installing hydrogen production and dispensing fuelling infrastructure in the United States. Powertap's patented solution has been developed over 20 years. Powertap is commercializing its third-generation blue hydrogen product that will focus on the refuelling needs of the automotive and long-haul trucking markets that lack hydrogen fuelling infrastructure.

We seek Safe Harbor.