An anonymous director reports

POLARIS RENEWABLE ENERGY ANNOUNCES POSTPONEMENT OF ANNUAL MEETING OF SHAREHOLDERS

Polaris Renewable Energy Inc.'s annual meeting of shareholders, originally scheduled to be held on June 18, 2026, at 9 a.m. Toronto time, has been postponed.

The meeting will be held as follows.

Date:  June 26, 2026

Time:  9 a.m. Toronto time

Format:  virtual-only meeting

A webcast will be available.

Password:  polaris2026

The meeting will be conducted in the same virtual format as previously announced, and shareholders will continue to be able to attend, participate and vote on-line through the TSX Trust virtual meeting platform.

Purpose of postponement

The postponement is being done as the required quorum of 50.1 per cent of shareholders voting has not been achieved at this point in time. It encourages shareholders who have not yet voted their shares to do so prior to 9 a.m. on June 25.

Meeting materials and business

The business of the meeting remains unchanged. At the meeting, shareholders will be asked to receive the corporation's consolidated financial statements for the year ended Dec. 31, 2025, together with the report of the auditors thereon.

Shareholders will also be asked to vote on the following matters:

1. Electing directors of the corporation; and
2. Reappointing PricewaterhouseCoopers LLP, chartered accountants, as auditor of the corporation and authorizing the directors of the corporation to fix its remuneration.

The corporation's management information circular dated May 15, 2026, previously distributed to shareholders, provides detailed information regarding the meeting and the matters to be considered thereat.

Voting and proxies

Shareholders of record as of April 29, 2026, remain entitled to vote at the meeting and any postponement thereof.

Proxies previously and validly submitted will continue to be valid for the postponed meeting unless properly revoked.

Shareholders who have not yet voted are encouraged to do so using the instructions provided in the circular.

The deadline for submission of proxies will be extended to 24 hours (excluding weekends and holidays) prior to the time of the postponed meeting.

Additional information

Electronic copies of the circular and related meeting materials are available on the corporation's SEDAR+ profile and on the corporation's website.

If you have questions or require assistance with voting, please contact the corporation's corporate secretary at info@polarisrei.com or TSX Trust Company at 1-888-433-6443.

About Polaris Renewable Energy Inc.

Polaris is a Canadian publicly traded company engaged in the acquisition, development and operation of renewable energy projects in Latin America and the Caribbean. It is a high performing and financially sound contributor to the energy transition.

The company's portfolio includes a geothermal plant (approximately 82 megawatts), four run-of river hydroelectric plants (approximately 39 MW), three solar (photovoltaic) projects (approximately 35 MW) and an onshore wind park (approximately 26 MW).