Mr. Frank Carnevale reports

CLEANTECH POWER CORP. ANNOUNCES WARRANT AMENDMENTS

Cleantech Power Corp. has applied to the NEO Exchange to amend the terms of 44,163,554 common share purchase warrants issued pursuant to the non-brokered private placements of units which closed on April 1, 2021, April 7, 2021, and May 7, 2021.

The warrants are currently due to expire on May 7, 2023, and the company has applied to the exchange to extend the expiry date of the warrants to Aug. 7, 2023. The exercise price of the warrants will remain at 20 cents. The company does not view the warrant amendments as material, and therefore, disinterested shareholder approval is not required pursuant to the policies of the exchange, and the exchange has accepted the extension. The warrant amendments were passed unanimously by the board of directors of the company.

Of the 44,163,554 warrants subject to the warrant amendments, there are three registered holders of the warrants who are deemed insiders (as such term is defined in the exchange policies) of the company. The impacted insiders hold an aggregate of approximately 681,515 warrants, representing 1.54 per cent of the warrants subject to the warrant amendments. Any subsequent amendments to the warrants, if sought by the company, will require disinterested shareholder approval (as required by the exchange policies), including any amendments to the warrants that the company would otherwise deem non-material.

The company confirms that there is no undisclosed material information relating to the company that has not been disclosed at this time.

About Cleantech Power Corp.

Cleantech is a diversified investment platform, developing affordable, renewable and reliable power 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.

Cleantech 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 PWWRF, and on the Frankfurt Stock Exchange under the symbols 77R and WKN A3CTYF.

We seek Safe Harbor.