Mr. Frank Carnevale reports

ALKALINE FUEL CELL POWER CORP. ANNOUNCES NAME CHANGE

Alkaline Fuel Cell Power Corp. will change its name to Cleantech Power Corp., effective Thursday, May 4, 2023, subject to final acceptance of the Neo Exchange Inc.

Reflecting growth of the company since 2021, the company believes that the name change more clearly communicates to the marketplace its intentions and strategic priorities as announced on March 6, 2023, on a go-forward basis.

"Clean tech and power are synonymous with our approach to deliver affordable, renewable and reliable power to the people," stated Frank Carnevale, chief executive officer of Alkaline Fuel. "The name change is consistent with our messaging with investors, customers and acquisition targets."

The name change will not affect the rights of the company's shareholders. There will be no consolidation of capital associated with the name change. Shareholders will not be required to take any action in connection with the name change. Issued certificates representing common shares in the capital of the company will not be affected by the name change and will not need to be exchanged.

About Alkaline Fuel Cell Power Corp.

Alkaline is a diversified investment platform developing affordable, renewable, and reliable energy assets and clean tech. The company brings power to the people today, combining a stable revenue stream with a future-forward vision to commercialize its advanced hydrogen fuel cell technology to meet the massive global market need, and ultimately generate compelling returns for investors.

Alkaline is well positioned to deliver power to the people in the global energy transition while offering a diversified clean tech growth platform for investors.

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