Mr. Jim Payne reports

DYNACERT ANNOUNCES UPDATE TO EXISTING AND FUTURE CARBON CREDIT APPLICATIONS ALONG WITH AGREED TIMELINE WITH EARTHOOD

DynaCERT Inc. has agreed with Earthood Services Pvt. Ltd. on a definitive timeline to advance DynaCERT's methodology development and review process, previously announced by DynaCERT in conjunction with its application with Verra, the manager of the world's leading voluntary carbon markets program. See press releases dated Nov. 18, 2019, Jan. 25, 2021, Oct. 18, 2021, Dec. 8, 2021, and Aug. 25, 2022.

Earthood was chosen by DynaCERT to review and provide services in respect of the validation of the methodology in accordance with the terms and conditions set out in the applicable program rules.

Earthood has been finalizing an assessment report on the methodology for improved efficiency of fleet vehicles and combustion engines, which is expected to support the methodology which will be used by DynaCERT to validate its carbon credits under Verra's VCS program.

The agreed timeline between Earthood and DynaCERT is established to conclude the assessment report process by Dec. 31, 2023, at the latest. Moreover, to facilitate and speed up the process, Earthood has indicated that it now expects to provide its technical review (the TR) and a final submission of its TR findings to DynaCERT by mid-November, 2023. If all findings are closed out appropriately and sufficiently, Earthood will release the final methodology validation report by end of November, 2023.

Archit Srivastava, vice-president (strategy and growth) at Earthood, stated: "We have worked diligently with DynaCERT to help realize its great potential with its HydraGEN technology and HydraLytica technology and are pleased to continue the work to the finalize our assessment report. Earthood is a pioneering force in the carbon offset verification industry with a reputation as an internationally acclaimed auditing and certification firm, providing strategic support and services in the realm of climate change, net zero, sustainability, among others. Earthood is widely regarded as the top choice for clients seeking solutions to the most complex and groundbreaking projects, regardless of their location worldwide. Also known to be assessing the first-of-its-kind projects, Earthood's outstanding reputation is backed by its accreditations from 12 leading organizations such as the United Nations and Verra. Since 2012 Earthood has now grown into a thriving company with offices in five countries and a portfolio of over 2,000 projects worldwide."

Jim Payne, chief executive officer of DynaCERT, stated: "At DynaCERT we are proud to be working with Earthood towards the establishment of carbon credits derived from our HydraGEN technology and HydraLytica technology which are designed to reduce carbon emissions in diesel engines. Our team approach of experts has proven to work very well, and we have developed numerous patents. Moreover, U.S. patent No 11,416,872 B2, "Systems and Methods for Tracking Greenhouse Gas Emissions Associated with an Entity," has been granted in the U.S. along with most key jurisdictions around the world either as patented or patent pending. More importantly, these patents are applicable in 10 different verticals, including residential, industrial, commercial, power generation, railway, marine, aviation, agricultural, and on-road and off-road entities. We look forward to announcing such further accretive milestones for our company in furthering our work to develop our unique carbon credit opportunities."

About DynaCERT Inc.

DynaCERT manufactures and distributes carbon emission reduction technology along with its proprietary HydraLytica telematics, a means of monitoring fuel consumption and calculating greenhouse gas emissions savings designed for the tracking of possible future carbon credits for use with internal combustion engines. As part of the growing global hydrogen economy, the company's patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. DynaCERT's technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, and mining and forestry equipment.

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