Ms. Tracy Zheng reports

POWERBANK'S FIRST SOLAR PROJECT UNDER DEVELOPMENT FOR FIERA REAL ESTATE REACHES COMMERCIAL OPERATION

Powerbank Corp.'s 1.45-megawatt DC rooftop solar project located in Calgary, Alta., for Fiera Real Estate Investments Ltd. (Fiera Real Estate) has achieved commercial operation.

The project will sell power to the grid under Alberta's small-scale generation program and participate in Alberta's Technology Innovation and Emissions Reduction (TIER) system to generate carbon offsets.

Contributing to Fiera Real Estate's commitment to its Net Zero Pathway, where two of its funds have established targets of net-zero carbon by 2040, as well as further expanding the Powerbank portfolio, this project is Powerbank's first operational project in Alberta and marks its debut as a small-scale generator within the Alberta Interconnected Electric System (AIES) in 2025. With the support of Zathura Investments, Powerbank is providing full-service development and engineering, procurement and construction (EPC) services for the project under an EPC agreement with Fiera Real Estate.

About Fiera Real Estate Investments Ltd.

Fiera Real Estate, a wholly owned subsidiary of Fiera Capital, is a leading investment management company that, together with its affiliates, offers a global platform with a presence across North America, Europe, Australia and New Zealand, focusing on core, value-add and opportunistic equity strategies, and short- to medium-term debt financing. The firm manages over $12.0-billion of real estate assets globally through a range of funds and accounts as at Sept. 30, 2025. The highly diverse nature of its portfolio -- in terms of both geographies and sectors -- combined with a range of high-quality strategies provides investors with opportunities to diversify their exposure and customize their investment experience within the real estate asset class.

In connection with this transaction, the company will issue a total of 10,089 shares to an arm's-length third party as a service fee in connection with the introduction of Fiera. The issuance of shares is subject to final acceptance of the Cboe Canada Exchange Inc. and all shares issued thereunder will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities legislation.

About Powerbank Corp.

Powerbank is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The company develops solar and battery energy storage system (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential offtakers. The company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host offtakers, community solar and virtual net metering projects. The company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.

About Zathura Investments

Zathura Investments is a trusted partner of landlords across North America, supporting their commercial and industrial sustainability efforts. Working with various strategic partners Zathura has been at the forefront of renewable energy opportunities since the early 2000s with a focus on solar, battery storage and EV (electric vehicle) charging installations.

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