Mr. James Cross reports

E-POWER RESOURCES INC. ANNOUNCES FLOW-THROUGH AND HARD DOLLAR PRIVATE PLACEMENTS TO FUND SUMMER WORK PROGRAM

E-Power Resources Inc. intends to complete a flow-through non-brokered private placement to raise gross proceeds of up to $150,000. The company will also complete a hard-dollar private placement to raise gross proceeds of up to $50,000.

Securities to be issued pursuant to the FT offering shall consist of an amount of up to three million units of the company issued at a price of five cents per FT unit, each FT unit being composed of one common share in the capital of the company that will qualify as a flow-through share (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)) and one-half warrant, each warrant entitling its holder thereof to acquire one share at a price of 10 cents per share for a period of five years from the closing date of the FT offering.

The hard-dollar offering units shall consist of one million units of the company issued at a price of five cents per hard-dollar unit. Each hard-dollar unit shall consist of one common share in the capital of the company and one full warrant, each warrant entitling its holder thereof to acquire one share at a price of 10 cents per share for a period of five years from the closing date of the hard-dollar offering.

In connection with both the FT offering and hard-dollar offering, the company may pay cash finders' fees and issue broker warrants. The securities issued in connection with the FT offering and hard-dollar offering are subject to the applicable statutory four-month-and-one-day hold period.

Net proceeds from the FT offering will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act (Canada) and under Section 359.1 of the Taxation Act (Quebec), related to the company's Tetepisca graphite property, located in the Tetepisca graphite district of the North Shore region of Quebec, on or before Dec. 31, 2026. All qualifying expenditures will be renounced in favour of the subscribers to the FT offering, effective Dec. 31, 2025. In addition, with respect to Quebec resident subscribers of FT shares who are eligible individuals under the Taxation Act (Quebec), the Canadian exploration expenses will also qualify for inclusion in the exploration base relating to certain Quebec exploration expenses within the meaning of Section 726.4.10 of the Taxation Act (Quebec) and for inclusion in the exploration base relating to certain Quebec surface mining expenses or oil and gas exploration expenses within the meaning of Section 726.4.17.2 of the Taxation Act (Quebec).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions), the FT shares and FT units will be offered by way of private placement pursuant to applicable exemptions from NI 45-106. The FT offering and hard-dollar offering are expected to close on or about June 20, 2025, subject to the satisfaction or waiver of the customary closing conditions, including the approval of the Canadian Securities Exchange.

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.

We seek Safe Harbor.