Mr. Jamie Lavigne reports

E-POWER RESOURCES INC. ANNOUNCES CLOSING OF AN OVERSUBSCRIBED PRIVATE PLACEMENT

E-Power Resources Inc. has closed the private placement, previously announced on March 23, 2026. The private placement was oversubscribed.

An aggregate of 10,355,030 units of the company were issued in the private placement at a price of five cents per unit for gross proceeds of $517,751.50, each unit comprising one common share in the capital of the company and common share purchase warrant, each warrant entitling its holder thereof to acquire one additional common share at a price of 7.5 cents per warrant share for a period of 60 months from the closing date.

Net proceeds from the offering will be used for fieldwork on the Tetepisca flake graphite property and for general working capital purposes.

One insider of the company participated in the private placement.

Finders' fees of $8,000 and 160,000 broker warrants were paid to Canaccord Genuity in connection with this private placement. Each broker warrant entitles the holder to purchase one common share of the company at 7.5 cents per share and is valid for five years following the closing date of the second tranche.

All securities issued pursuant to 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.

One insider of the company participated in the private placement. The insider subscribed for a total of 30,000 units. 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 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 Resources 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.

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