Mr. John Newman reports

NU E POWER ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT

NU E Power Corp. has closed the second tranche of the non-brokered private placement.

Closing of second tranche of private placement

The company is pleased to announce it has closed the second tranche of its non-brokered private placement offering of 866,665 units in the capital of the company at a price of 30 cents per unit for gross proceeds of up to $260,000. Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of 35 cents per warrant share for a period of 24 months after the closing date of the offering, or Jan. 30, 2027.

The securities issued in connection with the offering are subject to a statutory hold period until May 31, 2025.

The net proceeds from the sale of the units will be used for general working capital and advancing certain solar projects in Canada. In connection with the offering, the company may engage certain arm's-length parties that may receive cash finders' fee payments and/or warrants to purchase common shares in the capital of the corporation in consideration of securities that are sold to subscribers introduced by such parties. Any cash finders' fee payments and/or warrants will be subject to the approval of and will be issued in accordance with the rules of the CSE.

About NU E Power Corp.

NU E Power is a green energy company focused on the developing, construction and operating clean and renewable energy infrastructure across North America. The company has a partnership with Low Carbon Canada Solar Ltd., a subsidiary of the United Kingdom based renewables major, Low Carbon Investment Management Ltd., to facilitate non-dilutive investment into the company with the goal of developing up to two gigawatts of renewable energy projects in Canada by 2030.

We seek Safe Harbor.