Mr. Raghu Kilambi reports

POWERTAP ANNOUNCES SHARE CONSOLIDATION (REVERSE STOCK SPLIT)

Powertap Hydrogen Capital Corp. will be consolidating all of the issued and outstanding common shares of the company on the basis of one postconsolidation common share for each 20 preconsolidation common shares.

The effective date and trading of the common shares on a postconsolidation basis on Neo are expected to be on or about June 15, 2023. The company's name and trading symbol will remain unchanged. The new Cusip number will be 73939X 20 9 and the ISIN will be CA 73939X 20 9 5.

The consolidation is expected to result in the number of issued and outstanding common shares being reduced from 472,216,116 preconsolidation common shares to approximately 26,610,806 postconsolidation common shares. The exercise or conversion price of warrants and stock options, and the number of common shares issuable thereunder, will also be proportionately adjusted upon the completion of the consolidation. Current shareholders will continue to own the same percentage of Powertap Hydrogen Capital as they do currently.

No fractional shares will be issued as a result of the consolidation. All fractions of common shares will be rounded down to the next lowest whole number. No cash consideration will be paid in respect of fractional shares. The consolidation is subject to the receipt of all required regulatory approvals, including the approval of Neo.

About Powertap Hydrogen Capital Corp.

Powertap Hydrogen Capital, through its wholly owned subsidiary, Powertap Hydrogen Fueling Corp., is focused on installing hydrogen production and dispensing fuelling infrastructure in the United States. Powertap's patented solution has been developed for over 20 years. Powertap is now commercializing its third-generation blue hydrogen product that will focus on the refuelling needs of the automotive and long-haul trucking markets that lack hydrogen fuelling infrastructure.

We seek Safe Harbor.