Mr. Frank Carnevale reports

ALKALINE FUEL CELL POWER CORP. ANNOUNCES APPOINTMENT OF J. MICHAEL SULLIVAN AS STRATEGIC CONSULTANT

Alkaline Fuel Cell Power Corp. has appointed J. Michael Sullivan as a consultant of the company.

"I am very pleased to add Mike Sullivan as a strategic consultant to the company. I expect his experience in structured financial vehicles, including flow-through offerings for cleantech and hydrogen-based opportunities, will be a tremendous asset to PWWR," stated Frank Carnevale, chief executive officer of Alkaline Fuel.

In connection with the appointment of the consultant to the company, the company granted an aggregate of 600,000 restricted share units to the consultant, pursuant to the terms of a consulting agreement entered into between the company and the consultant. The RSUs will vest in accordance with the terms of the consulting agreement and in accordance with the company's 2021 RSU plan. Upon vesting, each RSU will entitle the holder thereof to receive one common share in the capital of the company.

About Mr. Sullivan

Mr. Sullivan is an energy-sector executive with over 35 years in energy-infrastructure-project- and corporate-finance-related businesses. He has experience as the chief executive officer and/or chief financial officer in the resource extraction, energy processing and renewable energy sectors. Mr. Sullivan has been responsible for over $3-billion in capital investment in infrastructure projects. Specifically, Mr. Sullivan has extensive experience in structured financing vehicles, including flow-through-share offerings in clean technologies and hydrogen-based opportunities.

Mr. Sullivan graduated from the University of New Brunswick with a bachelor of business administration degree in finance and economics. Mr. Sullivan holds a chartered financial analyst designation, and attended the Rotman School of Management at the University of Toronto executive programs in advanced financial management and structuring.

About Alkaline Fuel Cell Power Corp.

Alkaline Fuel is a diversified investment platform, developing affordable, renewable and reliable energy assets and cleantech. It 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 Fuel is well positioned to deliver power to the people in the global energy transition while offering a diversified cleantech growth platform for investors.

Common shares are listed for trading on the NEO Exchange under the symbol PWWR, on the OTC Venture Exchange OTCQB under the symbol ALKFF and on the Frankfurt Stock Exchange under symbols 77R and WKN A3CTYF.

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