Mr. John Gamble reports

EHT PROVIDES DISCLOSURE UPDATE AND ANNOUNCES APPROVAL OF PROPOSED SHARES FOR DEBT TRANSACTION

Enerdynamic Hybrid Technologies Corp. (EHT) is providing this default status report in accordance with National Policy 12-203, cease trade orders for continuous disclosure defaults. On Oct. 2, 2015, the company announced that it is not in compliance with the requirements of Section 4.1 of National Instrument 51-102, continuous disclosure obligations, with respect to filing audited annual comparative financial statements, given that the company's comparative financial statements as at and for the year ended Nov. 30, 2013, as included in the Nov. 30, 2014, audited annual financial statements have not been audited.

As a result of the default, the Ontario Securities Commission granted: (i) a permanent management cease trade order (MCTO) on Oct. 28, 2015, in respect of the company's chief executive officer and chief financial officer at such time; (ii) a permanent MCTO on Nov. 4, 2015, in respect of the company's current chief executive officer, Roman Eder; and (iii) a permanent MCTO on Nov. 16, 2015, in respect of the company's interim chief financial officer, David Prue.

The company is required to provide biweekly status reports in accordance with NP 12-203, until such time that the MCTOs are revoked or a general cease trade order is issued.

The company is continuing to review its filings related to the default with its auditors and is using its best efforts to remedy the default as soon as possible.

The company confirms that, except as otherwise specified herein, there are no material changes to the information contained in the default announcement. The company further confirms that there has been no failure by the company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines and that there is no other material information relating to the status of the default and its affairs that has not been generally disclosed.

As previously announced, the company confirms that it will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 for so long as it remains in default. During the period of default, the company will continue to issue biweekly default status reports in the form of further press releases, which will also be filed on SEDAR.

The company is also pleased to announce that, further to press releases dated Aug. 27, 2015, and Oct. 7, 2015, the TSX Venture Exchange has accepted for filing the company's proposal to issue 2,764,181 shares at deemed values of 50 cents per share and 33.25 cents per share to settle outstanding debt of $1,165,915.

All securities issued in connection with the debt settlement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

We seek Safe Harbor.