Mr. John Newman reports

NU E POWER CORP. ANNOUNCES SHARES FOR DEBT TRANSACTION

NU E Power Corp. has settled outstanding indebtedness of the company in the aggregate amount of $275,000, pursuant to the terms of debt settlement agreements with certain arm's-length creditors. In settlement of the debt, the company has issued an aggregate of 833,333 common shares in the capital of the company to the creditors at a price of 30 cents per common share for $175,000 of debt and 40 cents per common share for $100,000 of debt. The shares-for-debt transaction is expected to close on April 10, 2025.

All common shares issued under the shares for debt are subject to a hold period of four months and one day from the date of issuance. The shares for debt remain subject to final acceptance by the Canadian Securities Exchange.

About NU E Power Corp.

NU E is a green energy company focused on the developing, construction and operating of 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 renewable 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.