Mr. Ben Asuncion reports

PRIMARY HYDROGEN ANNOUNCES CONSOLIDATION OF COMMON SHARES

Further to Primary Hydrogen Corp.'s news release dated Jan. 28, 2026, effective at the opening of trading on Feb. 6, 2026 (the effective date), the common shares of the company will commence trading on the TSX Venture Exchange on a consolidated basis, with one postconsolidation share outstanding for every 10 preconsolidation shares.

As a result of the consolidation, on the effective date, a total of approximately 4,919,141 shares will be issued and outstanding, subject to adjustments for rounding. No fractional shares will be issued, and any postconsolidation fraction of a share will be rounded to the nearest whole number of shares. The name of the company has not changed, and the trading symbol remains HDRO. A new Cusip number has been issued for the postconsolidated shares, being 74167W202.

The transfer agent for the company, Odyssey Trust Company, has confirmed that all shareholders of record as of the effective date hold shares represented by DRS statement, and, as such, the consolidation is being conducted on a push-out basis.

About Primary Hydrogen Corp.

Primary Hydrogen is dedicated to the exploration and development of natural hydrogen resources. With over 740 acres in the United States and 230 square kilometres across Canada, the company's portfolio includes the Blakelock, Hopkins, Mary's Harbour, Point Rosie, Crooked Amphibolite, Coquihalla and Cogburn projects. Primary has an option to acquire a 75-per-cent interest in a hydrogen-REE project known as Wicheeda North located in British Columbia.

We seek Safe Harbor.