Mr. Broderick Gunning reports

NU E POWER CORP. PROVIDES SECOND UPDATE ON MANAGEMENT CEASE TRADE ORDER

NU E Power Corp., further to its news releases of April 27, 2026, and May 11, 2026, continues to be under a management cease trade order (MCTO) granted by the company's principal regulator, the Alberta Securities Commission, on May 1, 2026, under National Policy 12-20,3 Management Cease Trade Orders.

Pursuant to the MCTO, the chief executive officer and the chief financial officer may not trade in securities of the company until such time as the company files its annual audited financial statements for the year ended Dec. 31, 2025, management's discussion and analysis, and related certifications, and the commission revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities.

The company's board of directors and management confirm that they have made considerable progress and continue work diligently to file the required documents. There are no continuing investigations into the events that contributed to the delay in filing. The company confirms that since its news release dated May 11, 2026, there is no other material information respecting the company's affairs that has not been generally disclosed.

Until the required documents have been filed, the company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing biweekly default status reports in the form of further news releases for so long as the company remains in default of the financial statement filing requirement.

We seek Safe Harbor.