Mr. John Meekison reports

NU E POWER CORP. CLOSES SHARES FOR DEBT SETTLEMENT

NU E Power Corp., further to its news release of Sept. 10, 2026, has issued 700,000 units at a deemed price of 15 cents per unit to Cronin Capital Corp. in settlement of a bona fide debt of $105,000. Each unit consists of one common share and one-half of one warrant, with each whole warrant exercisable at 30 for 36 months. The securities are subject to a hold period expiring Jan. 26, 2027.

The issuance was a related party transaction under Multilateral Instrument 61-101 and was exempt from the formal valuation and minority approval requirements, as its fair market value did not exceed 25 per cent of the company's market capitalization.

About NUE Power Corp.

NUE Power is an energy infrastructure development company focused on the origination, development and advancement of integrated power and energy-park opportunities.

We seek Safe Harbor.