Mr. Ian Clifford reports

EESTOR COMPLETES FINAL TRANCHE OF PRIVATE PLACEMENT

EEStor Corp. has completed the second and final tranche of its previously announced non-brokered private placement, raising gross proceeds of $884,990 from the sale of 5,205,823 units (aggregate gross proceeds of $1,402,470 from both tranches). Each unit was priced at 17 cents and consisted of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one additional common share at a price of 34 cents for a period of 60 months from the closing date of the offering. All securities issued pursuant to the private placement are subject to a four-month hold period in Canada expiring Jan. 6, 2019.

Subject to regulatory approval, EEStor will pay cash finder's fees of $11,669.40 and issue 68,820 finder warrants having the same terms as the warrants issued to subscribers under the offering. Net proceeds from the private placement will be used to advance licensing efforts and for working capital and general corporate purposes.

Ian Clifford, founder and chief executive officer of the company, commented: "We thank those who participated in our most recent private placement and their support for the company. With these funds secured, we can continue to invest in advancing ongoing licensing discussions."

About EEStor Corp.

EEStor is a developer of high-energy-density solid-state capacitor technology utilizing the company's patented composition modified barium titanate (CMBT) material. The company is focused on licensing opportunities for its technology across a broad spectrum of industries and applications.