File: Attachment 2026-07-22 NR resignation Hoole.pdf

ALASKA HYDRO CORPORATION 2633 Carnation Street

North Vancouver, BC V7H 1H6 TSX Venture Exchange: AKH.H

NEWS RELEASE NOT FOR DISSEMINATION IN THE UNITED STATES

ALASKA HYDRO ANNOUNCES RESIGNATION OF DIRECTOR

July 22, 2026 Vancouver, British Columbia Cliff Grandison, President of Alaska Hydro Corporation (TSXV:AKH.H) (the "Company") announced that Michael Hoole has resigned from its Board of Directors, effective June 30, 2026. We thank Michael for his valued service and wish him the best in his retirement. Michael has been a strong director and will be engaged as an advisor. Alaska Hydro Corporation is developing a 75 MW hydroelectric storage dam in NW B.C. The company is currently soliciting interest from potential customers who are not able to get long term electricity contracts from BC Hydro. This is of particular interest to Crypto miners, Data Centres, and AI processors.

For further information, please contact: Cliff Grandison, President (604) 929-3961

Certain statements contained in this release may constitute forward-looking information. These statements may relate to future events or future performance, including receipt of a water licence in respect of the proposed project, receipt of land tenure in respect of lands relating to the proposed project, completion of a preliminary economic assessment, environmental assessments, prefeasibility and feasibility studies and project financing, receipt of TSX Venture Exchange acceptance, receipt of a satisfactory outcome in consultations with First Nations, receipt of applicable permits, anticipated project development timelines and anticipated demand for hydro electricity. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Any forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.