Mr. Eric Denhoff reports

H2 VENTURES 1 INC. ANNOUNCES TERMINATION OF THE PROPOSED QUALIFYING TRANSACTION WITH MAGNUS GREEN SOLAR

H2 Ventures 1 Inc.'s previously announced proposed qualifying transaction with Magnus Green Solar Panels Manufacturing LLC has been terminated. The transaction was intended to constitute H2's qualifying transaction as such term is defined in Policy 2.4 (Capital Pool Companies) of the TSX Venture Exchange.

H2 will immediately resume its efforts to identify other opportunities to complete a qualifying transaction in accordance with the policies of the TSX-V.

About H2 Ventures 1 Inc.

H2 is a capital pool company within the meaning of Policy 2.4. H2 has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the Policy 2.4, until the completion of its qualifying transaction, the company will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed qualifying transaction.

We seek Safe Harbor.