File: Attachment 2025-08-08 NR call for power - Expression of interest.pdf

ALASKA HYDRO CORPORATION 2633 Carnation Street

North Vancouver, BC V7H 1H6 TSX Venture Exchange: AKH.H

NEWS RELEASE NOT FOR DISSEMINATION IN THE UNITED STATES

ALASKA HYDRO ANNOUNCES CALL FOR POWER & INTEREST FOR CAPACITY

August 11, 2025 Vancouver, British Columbia Cliff Grandison, President of Alaska Hydro Corporation (AKH.H) (the "Company") reported the Company's interest in BC Hydro's Call for Power 2025 and the Request for Expressions of Interest ("RFEOI") in supplying Base Load Power Capacity. BC Hydro's Call for Power 2025 is a request for power ("RFP") due on or before Jan 5, 2026. A mandatory interconnection request submission ("CEAP") is due on or before September 1, 2025 with a deadline for CEAP amendments of October 2, 2025. The Company has not yet undertaken the CEAP. Optional registration is due on or before September 12, 2025 and the Company has filed the required registration form. The RFP requires a minimum First Nations equity participation of 25%. At this time, the Company does not have any undertaking with the First Nation regarding equity participation, and the Company is not assured that the First Nation will participate.

BC Hydro's RFEOI is to due for submission on or before Sept 8, 2025. The Company has already made a submission, which may be amended should comments from BC Hydro arise.

The Company's project is a proposed 75MW hydroelectric plant and includes a dam and storage reservoir. The proposed facility would be located on More Creek in Northwest British Columbia.

For further information, please contact: Cliff Grandison, President (604) 929-3961

Certain statements contained in this release may constitute forward-looking information. These statements may relate to future events or future performance, including receipt of a water licence in respect of the proposed project, receipt of land tenure in respect of lands relating to the proposed project, completion of a preliminary economic assessment, environmental assessments, prefeasibility and feasibility studies and project financing, receipt of TSX Venture Exchange acceptance, receipt of a satisfactory outcome in consultations with First Nations, receipt of applicable permits, anticipated project development timelines and anticipated demand for hydro electricity. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Any forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.