Mr. Ian Clifford reports

EESTOR CORPORATION REPORTS FISCAL 2018 RESULTS

EEStor Corp. has released its audited financial results for the year ended Sept. 30, 2018. All amounts are expressed in Canadian dollars.

Financial results

The net loss for the year ended Sept. 30, 2018, with the comparative results for the comparable period in the prior year, are summarized as shown in the attached table.

                            12 months ended      12 months ended
                             Sept. 30, 2018       Sept. 30, 2017
                                                                
Net loss                         $4,355,843           $5,513,970                             
Non-controlling interest         $1,415,615           $1,288,823                             
Total loss                       $5,771,458           $6,802,793                             
Net loss per share                    $0.05                $0.06                                  

Additional details are contained in the company's audited interim financial statements and related management's discussion and analysis, which have been filed and are available for viewing and download on SEDAR.

Ian Clifford, founder and chief executive officer of the company, commented: "Over the past year, EEStor has achieved a number of milestones which have both strengthened our company and enhanced our future prospects.

"Our phase 7, 8 and 9 test results, announced during 2018, indicate we are well positioned to commercialize our materials and to aggressively compete in a current addressable markets worth over $8-billion annually. These large opportunities have been the main focus of EEStor's latest months of efforts in licensing our materials and technology to capacitor manufacturers.

"The management of EEStor is in ongoing discussions with potential industrial joint venture partners and will announce the specifics of these discussions once we reach the stage of required disclosure. Please see our latest disclosure, and a detailed description of our 2018 activities can be found in our MD&A available for download at EEStorCorp.com. I would like to personally thank the EEStor team for all their outstanding work throughout 2018 and to our shareholders for their continuing support."

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.

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