Mr. Marc Murnaghan reports

POLARIS RENEWABLE ENERGY ANNOUNCES NEW CREDIT FACILITY, EXECUTIVE ENHANCEMENTS & Q3-25 EARNINGS CONFERENCE CALL

Polaris Renewable Energy Inc. has entered into a $3.5-million (U.S.) working capital and $10-million (U.S.) letter of credit facility with Canadian Imperial Bank of Commerce (CIBC) and Export Development Canada (EDC). The facility will enhance Polaris's liquidity as it continues to work toward growing its current footprint in Latin America and the Caribbean. CIBC has been the lead banker for Polaris in Canada since 2015, while the EDC has also supported the company in the past with similar facilities.

The company is also pleased to announce changes to its named executive officers, effective Oct. 9, 2025, as follows.

Anton Jelic, chief financial officer of the company since December, 2018, will be moving to a new role as chief administrative Officer to focus on Polaris's continuing growth in such key areas as IT (information technology), AI (artificial intelligence), human resources, risk and continuing to strengthen corporate governance.

Alba Seisdedos Ballesteros will take on the role of chief financial officer of the company. Ms. Ballesteros joined Polaris in November, 2021, and is currently vice-president, legal and taxation. She will add to those responsibilities by expanding her focus to include financial reporting as well as supporting continuing corporate finance activities.

"The closing of the facility with CIBC and EDC is a small but important step for the company as it represents the expansion of relationships with prominent Canadian financial institutions," commented Marc Murnaghan, chief executive officer of Polaris. "In addition, the changes to the executive positions are illustrative of the growth of the business and the team."

Polaris is also pleased to announce it will be holding its earnings conference call and webcast to report its Q3 2025 earnings results on Thursday, Oct. 30, 2025, at 10 a.m. EST.

To listen to the call, please dial toll-free 888-506-0062 or international toll-free 973-528-0011 (entry code: 732324).

A digital recording of the earnings call will be available for replay two hours after the completion of the call.

Replay call information

Toronto:  1-877-481-4010

Passcode:  51833

International (toll-free):  1-919-882-2331

Passcode:  51834

Encore replay expiration date:  Nov. 13, 2025

About Polaris Renewable Energy Inc.

Polaris Renewable Energy is a Canadian publicly traded company engaged in the acquisition, development and operation of renewable energy projects in Latin America and the Caribbean. The company is a high-performing and financially sound contributor to the energy transition.

The company's portfolio includes a geothermal plant (approximately 82 megawatts), four run-of river hydroelectric plants (approximately 39 megawatts), three solar (photovoltaic) projects (approximately 35 megawatts) and an onshore wind park (approximately 26 megawatts).