Mr. David Jackson reports

PRIMARY HYDROGEN CORP APPOINTS DAVID JACKSON AS CHIEF EXECUTIVE OFFICER

Primary Hydrogen Corp. has appointed David Jackson as president and chief executive officer, effective July 20, 2026. Mr. Jackson succeeds Benjamin Asuncion, who is stepping down as chief executive officer and will continue to serve the company as a director.

Mr. Jackson is a serial entrepreneur and operating executive with a background spanning property development and health care technology. He most recently served as president and managing partner of a veterinary technology manufacturing firm with sales in 56 countries. Mr. Jackson was instrumental in scaling the business and leading its acquisition by a global health care technology firm in 2024. Following the acquisition, he served as managing director of the acquirer through a two-year transition period. Mr. Jackson holds a bachelor of arts and a bachelor of commerce from the University of Alberta.

"I am excited to be taking the role of CEO at Primary Hydrogen, and I look forward to applying the operational and scaling discipline I've built over my career to help advance the company's rare earth and hydrogen exploration programs," said Mr. Jackson, president and chief executive officer of the company.

"I'm pleased to hand the CEO role to David and to remain closely involved as a director. His experience scaling operating businesses internationally is exactly what this company needs as it moves into its next phase and I look forward to supporting him from the board," said Mr. Asuncion.

Stock option grant

In connection with the appointment, the company has granted Mr. Jackson incentive stock options to purchase up to 235,000 common shares of the company at an exercise price of $1.16 per share, exercisable for a period of five years from the date of grant, and vesting 100 per cent on the date that is four months and a day following the date of grant, in accordance with the company's stock option plan and subject to the policies of the TSX Venture Exchange, including a four-month hold period on the underlying shares.

About Primary Hydrogen Corp.

Primary Hydrogen is dedicated to the exploration and development of natural hydrogen resources. With over 740 acres in the United States and 230 square kilometres across Canada, the company's portfolio includes the Blakelock, Hopkins, Mary's Harbour, Point Rosie, Crooked Amphibolite, Coquihalla and Cogburn projects. Primary has an option to acquire a 75-per-cent interest in a hydrogen-REE (rare earth element) project known as Wicheeda North, located in British Columbia.

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