Mr. Shane Madden reports

HYDREIGHT ANNOUNCES NORMAL COURSE ISSUER BID

Hydreight Technologies Inc. intends to make a normal course issuer bid to purchase for cancellation, from time to time, as it considers advisable, up to 1,378,633 of its issued and outstanding common shares, being approximately 3.42 per cent of the company's currently outstanding common shares and approximately 10 per cent of 13,786,334, representing the company's public float (as that term is defined in the policies of the TSX Venture Exchange). The bid will commence on Oct. 4, 2024, and will terminate on Oct. 3, 2025, or such earlier time as the bid is completed or at the option of the company. Research Capital Corp. of Vancouver, B.C., will conduct the bid on behalf of the company.

The bid will be conducted in accordance with applicable securities laws and the policies of the exchange. Purchases will be made on the open market through the facilities of the exchange. The price which the company will pay for any shares purchased by it will be the prevailing market price of such common shares on the exchange at the time of such purchase. The purchase of the common shares under the bid is being financed from existing working capital.

In accordance with exchange policies, the company will include a summary of the bid in the management information circular to be mailed to shareholders of the company in respect of its next meeting of shareholders.

The company believes that purchases of its common shares pursuant to the bid may contribute to the facilitation of an orderly market and is in the best interests of the company and its shareholders. In the event that the company believes that its common shares begin trading in a price range that does not adequately reflect their underlying value based on the company's business prospects, growth and financial position, the company may purchase common shares pursuant to the bid.

We seek Safe Harbor.