File: '\\swfile\EmailIn\20260327 131643 Attachment Element One - News release - Amended LIFE Offering - (March 2026)_Final.docx'

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ELEMENT ONE ANNOUNCES FILING OF AMENDED AND RESTATED LIFE OFFERING DOCUMENT

Vancouver, B.C. - March 27, 2026 - Element One Hydrogen & Critical Minerals Corp. ("Element One" or the "Company") (CSE: EONE) announces that it has filed an amended and restated offering document dated March 26, 2026 (the "Amended and Restated Offering Document") in connection with the offering (the "LIFE Offering") of up to 6,650,000 units of the Company (the "LIFE Units") at the price of C$0.15 per LIFE Unit for gross proceeds of up to C$997,500, pursuant to and in accordance with the listed issuer financing exemption under Part 5A.2 of National Instrument 45-106 - Prospectus Exemptions, as amended and supplemented by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption) (the "LIFE Exemption"), previously announced on February 9, 2026.

Centurion One Capital Corp. (the "Lead Agent" or "Centurion") will act as lead agent and sole bookrunner in connection with the LIFE Offering.

Each LIFE Unit consists of one common share in the capital of the Company (a "Common Share") and one-half of a Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company (a "Warrant Share") at the exercise price of C$0.20 per Warrant Share for a period of 36 months from the date that is 61 days following the closing date of the LIFE Offering.

In connection with the LIFE Offering, finder's fees may be payable to eligible parties in accordance with the policies of the Canadian Securities Exchange (the "CSE") and applicable securities laws.

The LIFE Offering is being conducted pursuant to the LIFE Exemption in British Columbia, Alberta and Ontario. Subject to compliance with applicable regulatory requirements and in accordance with the LIFE Exemption, the securities issued under the LIFE Exemption will not be subject to a statutory hold period pursuant to applicable Canadian securities laws.

The Company intends to use the net proceeds of the LIFE Offering for exploration activities and general working capital.

The Amended and Restated Offering Document related to the LIFE Offering is accessible under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.e1-h2.com. Prospective investors should read the Amended and Restated Offering Document before making an investment decision.

About Element One Hydrogen & Critical Minerals Corp.

Element One Hydrogen & Critical Minerals Corp. (CSE: EONE) is a Canadian company focused on the exploration, development, and commercialization of geologic hydrogen and critical mineral resources, as well as breakthrough hydrogen-generation technologies. The company's projects include the Foggy Mountain critical minerals project as well as projects in Alaska and British Columbia that are prospective for hydrogen production through stimulation in the subsurface as well as critical and battery metals.

Stay connected with us as we get busy with social media:

X (formerly Twitter) at www.x.com/Element_One_H2

LinkedIn at www.linkedin.com/company/element-one-h2

YouTube at www.youtube.com/@ElementOneHydrogen

For further information visit our website at www.e1-h2.com.

On behalf of the Board of Directors:

Brad Kitchen, CEO

Element One Hydrogen & Critical Minerals Corp.

e: bkitchen@e1-h2.com

c: 604.506.7555

This press release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts, and projections. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include, without limitation, statements related to the completion of the LIFE Offering, the anticipated use of proceeds therefrom, and the timing in respect thereof. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release.