Mr. David Bibby reports

HYPERCHARGE ANNOUNCES LISTING ON THE TSX VENTURE EXCHANGE AND CHANGES TO THE BOARD OF DIRECTORS

Hypercharge Networks Corp. has received approval to list its common shares on the TSX Venture Exchange following satisfaction of regulatory requirements. The shares will be delisted from Cboe Canada (formerly Neo Exchange) at the close of markets on March 27, 2024, and begin trading on the TSX-V at the open of markets on March 28, 2024.

"Our listing on the TSX-V marks a strategic advancement for Hypercharge," stated David Bibby, president and chief executive officer. "This move not only amplifies our presence in the marketplace, but importantly connects us with a wider spectrum of investors, who are looking for long-term growth opportunities in sustainable energy infrastructure, both in Canada and internationally."

Upon listing, the company's trading symbol, HC, will remain unchanged, and shareholders will not be required to take any action. The shares will also continue to be listed on the OTCQB Marketplace in the United States under the symbol HCNWF, and on the Frankfurt Stock Exchange under the symbol PB7. The total number of shares issued and outstanding following completion of the listing will be 70,396,834.

Changes to the board of directors

Hypercharge is announcing changes to its board of directors. The board size will be reduced from six members to five members, with three being independent. Joining the board is Keith Inman, and leaving the board are Bronson Peever and Shahab Samimi.

Mr. Inman is a partner in the business law group of Pushor Mitchell LLP, a full-service law firm located in Kelowna, B.C., with a practice focused on advising emerging and mid-market companies on corporate/commercial- and securities law-related matters, including corporate finance and M&A (merger and acquisition) transactions. Mr. Inman has been a director and officer of multiple public companies.

"Hypercharge is excited to welcome Keith Inman to our board. Keith brings a wealth of experience and insight that will be invaluable as we continue to evolve and grow," said Mr. Bibby, president and CEO of Hypercharge. "The company also extends our deepest gratitude to Bronson Peever and Shahab Samimi for their significant contributions and dedicated service. Their contributions have been significant, and we wish them all the best in their future endeavours."

Agreement for market-making services with Independent Trading Group (ITG)

Further to the company's press release on April 6, 2023, the company engaged Independent Trading Group on Nov. 5, 2022, to provide typical market-making services, on a commercially reasonable basis, to provide liquidity and stability in a two-sided market in the company's securities and provide management with a monthly report of trading activity. Pursuant to the terms of the ITG agreement, the company will pay ITG $6,500 per month for an initial three-month term, renewable on a monthly basis. ITG holds no shares in the company and is an arm's-length party to the company.

Amended agreement with MZ Investor Relations Group

Hypercharge is announcing it has amended its previously announced agreement with MZ Investor Relations Group, whereby MZ shall now solely be paid a flat fee of $8,500 (U.S.) per month. MZ will not be entitled to any compensation based on performance-based milestones. The term of the agreement is four months commencing Feb. 16, 2024, and renewable monthly thereafter. MZ provides a variety of investor relations services, investment awareness and outreach, financial media relations, and public market insight.

About Hypercharge Networks Corp.

Hypercharge is a leading provider of smart electric vehicle (EV) charging solutions that offers turnkey technology to residential and commercial buildings, fleet operations, and other rapidly growing sectors. Driven by its mission to accelerate EV adoption and enable the shift toward a carbon-neutral economy, Hypercharge is committed to providing seamless, simple charging solutions by offering industry-leading equipment and a robust network of public and private charging stations.

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