File: Attachment 2026-04-17 NR appointment Andrew.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 APPOINTMENT OF DIRECTOR

April 17, 2026 Vancouver, British Columbia Cliff Grandison, President of Alaska Hydro Corporation (TSXV:AKH.H) (the "Company") announced the appointment of Andrew Donnelly as a director of the Company.

A graduate of the University of British Columbia, Mr. Donnelly has held senior roles in consulting, finance and corporate development. His experience includes Deloitte's energy and natural resource practice, a leadership role with a Europe-based private equity group, and Powerex, the energy trading subsidiary of BC Hydro, in Vancouver. He is a strong advocate for systems-level thinking. Having experience with Powerex, which markets and trades energy from British Columbia's (largely hydroelectric) generation portfolio, Mr. Donnelly has a deep appreciation for the flexibility and system value of More Creek that cannot be replicated by intermittent and non-firm generating sources. Mr. Donnelly's skills and knowledge will benefit the Company's plans for hydroelectric generation.

BC Hydro announced on March 2nd that the 2026 Reference Load Forecast shows higher load growth relative to the 2025 Reference Load Scenario in the 2025 Integrated Resource Plan. The primary drivers of this higher load growth include the advancement of several upstream natural gas and LNG terminal projects as well as new data centre and AI-related load. This further emphasizes the near-term need for new energy resources and capacity resources, beyond the most recent call for power.

The Company would like to acknowledge the contribution of its long-time Director, Greg Sunell. Greg has resigned from the Board after over a decade of service.

The Company's More Creek project was submitted to BC Hydro's Call for Power, but did not qualify as an eligible bidder, requiring a minimum 25% indigenous participation.

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.