Mr. James Cross reports

E-POWER RESOURCES INC. ANNOUNCES CLOSING OF A FIRST TRANCHE OF PRIVATE PLACEMENT

E-Power Resources Inc. has closed the first tranche of the private placement previously announced on March 12, 2025.

An aggregate of 3,646,460 units of the company were issued in the private placement at a price of five cents per unit for gross proceeds of $182,323, each unit being composed of one common share in the capital of the company and one-half common share purchase warrant, each full warrant entitling its holder thereof to acquire one additional common share at a price of 10 cents per warrant share for a period of 60 months from the closing date.

Net proceeds from the offering will be used by the company for general working capital purposes.

No finders' fees were paid in connection with the first tranche.

All securities issued pursuant to the first tranche of the private placement are subject to a statutory hold period of four months and one day from the closing date in accordance with applicable Canadian securities laws.

Two insiders of the company participated in the private placement. Insiders of the company subscribed for a total of 666,460 units under the first tranche. Participation by the insiders constitutes a related-party transaction as defined under Multilateral Instrument 61-101. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the participation in the first tranche of the private placement by insiders does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101. The company did not file a material change report 21 days prior to the closing of the offering as the details of the participation of the insiders of the company had not been confirmed at that time.

About E-Power Resources Inc.

E-Power is an exploration-stage company engaged principally in the acquisition, exploration and development of graphite properties in Quebec. Its flagship asset, the Tetepisca graphite property, is located in the Tetepisca graphite district of the North Shore region of Quebec, approximately 215 kilometres from the Port of Baie-Comeau.

The Tetepisca property is located approximately 220 km north of the town of Baie-Comeau in the North Shore region of Quebec. The property consists of 230 claims covering an area of approximately 12,620 hectares within the emerging Tetepisca graphite district. The property is 100 per cent owned by E-Power. Fifty-two claims, located in the southern part of the property, are subject to a 1.5-per-cent net smelter royalty held by a group of local prospectors; otherwise, the Tetepisca property remains unencumbered. The TGD is an active graphite exploration and development district with delineated measured and indicated resources in excess of 120 million tonnes at an average grade of approximately 14 per cent graphitic carbon. The company's Tetepisca property is strategically located over continuous bedrock conductive horizons that are known and interpreted to be due to graphite and which hold significant potential to host flake graphite resources. The intersection of graphite in the 2023 drilling and the results of the 2024 exploration program to date confirm the company's exploration model and provide the basis for continued exploration and evaluation.

We seek Safe Harbor.