Mr. Steve Dalton reports

REVOLVE REVISES FY2024 FORECAST UPWARDS

Revolve Renewable Power Corp. has made an upward revision of its previously announced fiscal year 2024 forecast.

On September 5, 2023, the Company provided forward looking guidance with respect to revenues and EBITDA for the financial year ending June 30, 2024 ("FY2024"). Specifically, revenue was projected to increase to US$5million with a breakeven EBITDA (https://revolve-renewablepower.com/revolve-announces-forward-guidance-for-fy2023-financial-results-and-a-fy2024-financial-forecasts/).

As a result of an improved operating environment, the Company has increased its revenue forecast for the financial year to June 30, 2024 ("FY2024") from US$5.0m to US$6.0m and its EBITDA forecast from breakeven to US$1.5m.

About Revolve

Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar and battery storage projects in the US, Canada and Mexico. The Company has a second division, Revolve Renewable Business Solutions which installs and operates sub 20MW "behind the meter" distributed generation (or "DG") assets. Revolve's portfolio includes the following:Operating Assets: 11MW (net) of operating assets under long term power purchase agreements across Canada and Mexico covering wind, solar, battery storage and hydro generation;Under Construction: a 3MW CHP project and a 450kWp rooftop solar project that are both under construction and expected to be operational later this year; andDevelopment: a diverse portfolio of utility scale development projects across the US, Canada and Mexico with a combined capacity of over 3,000MWs as well as a 140MW+ distributed generation portfolio that is under development.

Revolve has an accomplished management team with a demonstrated track record of taking projects from "greenfield" through to "ready to build" status and successfully concluding project sales to large operators of utility-scale renewable energy projects. To-date, Revolve has developed and sold over 1,550MW of projects.

Going forward, Revolve is targeting 5,000MW of utility-scale projects under development in the US, Canada and Mexico, and in parallel is rapidly growing its portfolio of revenue-generating DG assets.

We seek Safe Harbor.