Mr. Broderick Gunning reports

NU E POWER CORP. ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT FOR $1.7 MILLION

NU E Power Corp., further to its news releases dated Dec. 8, 2025, and Dec. 29, 2025, has closed the second tranche of its non-brokered private placement offering of 8,986,933 units in the capital of the company at a price of 12 cents per unit for additional gross proceeds of $1,078,431.96. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of 25 cents per warrant share for a period of 24 months after the closing date of the offering.

This financing marks a significant milestone for NU E as the company enters 2026 with multiple projects advancing toward critical development inflection points. Proceeds from the financing are being deployed to support final-stage interconnection processes in Alberta, alongside the commencement of environmental and feasibility studies in Mongolia and Malaysia -- key jurisdictions within NU E's global infrastructure pipeline. Breaking the power bottleneck, NU E is not a traditional energy developer or a data centre operator. The company is an infrastructure arbitrage platform positioned at the intersection of power markets, compute demand and regulatory constraint.

NU E's model is designed to:

• Own or control strategic energy and infrastructure sites;
• Integrate generation, storage and flexible load;
• Monetize power through multiple demand vectors, including digital infrastructure and industrial users.

Use of proceeds and near-term focus funds from the offering are being allocated toward:

• Advancing Alberta-based projects through final interconnection stages;
• Securing the company's next development sites and initiating a rapid development phase in Malaysia, launching environmental and feasibility programs aligned with the country's accelerating energy infrastructure buildout and data centre demand, enabling near-term project execution and strategic site readiness;
• Strengthening technical, project and governance capabilities as NU E begins its 2026 execution cycle.

Looking ahead, as global power demand accelerates, driven by AI, digital infrastructure, industrial electrification and energy security, NU E is focused on solving the bottleneck that constrains growth: access to scalable, reliable power in regulated and capacity-constrained markets. By aligning capital, development discipline and modular infrastructure design, NU E is building a platform capable of responding to power scarcity with speed, flexibility and repeatability. In connection with the offering, the company paid to certain finders a cash fee equal to 7 per cent of the gross proceeds raised by each finder and issued an aggregate of 260,050 finders' warrants, representing 7 per cent of the aggregate number of units sold to purchasers introduced to the company by such finders. Each finder's warrant entitles the holder thereof to acquire one common share at a price of 25 cents for a period of 24 months from the closing date. Ventum Financial Corp. and Haywood Securities Inc. acted as finders in connection with a portion of the offering.

In connection with the offering, the company paid certain finders a cash fee equal to 7 per cent of the gross proceeds raised by each finder and issued an aggregate of 444,145 finders' warrants, representing 7 per cent of the aggregate number of units sold to purchasers introduced to the company by such finders. Each finder's warrant entitles the holder thereof to acquire one common share at a price of 25 cents for a period of 24 months from the closing date. Ventum Financial and Haywood Securities acted as finders in connection with a portion of the offering.

About NU E Power Corp.

NU E is a multistage power developer that converts land and grid access into institutional-grade energy assets. NU E develops next-generation power sites for the digital and global power economies. Combining renewables, grid, gas, nuclear and battery storage, NU E delivers scalable, reliable and optimized energy sites across the world.

We seek Safe Harbor.