Mr. Ian Clifford reports

FUELPOSITIVE ANNOUNCES $7.5 MILLION PRIVATE PLACEMENT

Fuelpositive Corp. has arranged an upcoming non-brokered private placement to raise up to $7.5-million. The offering supports Fuelpositive's unwavering commitment to revolutionizing the green ammonia industry by commercializing its sustainable solutions.

The offering will consist of up to 115,384,615 units of the company priced at 6.5 cents per unit. Each unit will consist of one common share of the company and one common share purchase warrant, allowing holders to purchase an additional common share at an exercise price of nine cents within 36 months following the closing date of the offering. In the event the volume-weighted average closing price of the company's common shares on the TSX Venture Exchange exceeds 40 cents for 10 consecutive trading days, the company retains the option to accelerate the expiry date of the warrants to 30 days after a public announcement of the election.

Ian Clifford, board chair and chief executive officer, expressed his support for the offering, stating: "We are introducing this financing to incorporate the newly implemented 'listed issuer financing exemption' (LIFE). I am often asked how non-accredited investors can participate in Fuelpositive financings, and I am pleased that the LIFE structure enables new and existing shareholders, who may not qualify as accredited investors, to participate equally. Additionally, we anticipate that the enhanced liquidity resulting from this offering will contribute to greater growth for the company. The company's pioneering green ammonia technology and decentralized business model holds immense potential to reshape the ammonia industry, fostering a greener future for generations to come. The net proceeds from this financing will help ensure Fuelpositive's leadership and 'first-mover' position in the multibillion-dollar sustainable and green ammonia industry."

The net proceeds from this offering will only be utilized for further development of demonstration systems for the commercial production of green ammonia, and for general working capital purposes. It is important to note that the company intends to allocate proceeds only to compensate for services provided to the company in the ordinary course of business, without making any payments to persons conducting investor relations activities.

The offering will be open to purchasers pursuant to the accredited investor exemption outlined in Part 2 of National Instrument 45-106 -- Prospectus Exemptions, as well as to purchasers resident in Canada, excluding Quebec, in an amount up to 76,923,077 units pursuant to the listed issuer financing exemption as outlined in Part 5A of NI 45-106. There will be an offering document related to the portion of the offering conducted under the listed issuer financing exemption accessible under the company's profile at SEDAR and on the company's website. Prospective investors should read this offering document before making an investment decision.

The securities issued in the offering pursuant to the listed issuer financing exemption will not be subject to a hold period in accordance with Canadian securities laws. All other securities issued in the offering will be subject to a statutory hold period of four months and one day following issuance. The company will pay finders' fees to eligible parties who have assisted in introducing subscribers to the offering. Closing of the offering remains subject to the approval of the TSX Venture Exchange.

About Fuelpositive Corp.

Fuelpositive is a Canadian technology company committed to providing commercially viable and sustainable, cradle-to-cradle clean technology solutions, including an on-farm/on-site, containerized green ammonia (NH3) production system that eliminates carbon emissions from the production of green ammonia.

By focusing on technologies that are clean, sustainable, economically advantageous and realizable, the company aims to help mitigate climate change, addressing unsustainable agricultural practices through innovative technology and practical solutions that can be implemented now.

The Fuelpositive on-farm/on-site, containerized green ammonia production system is designed to produce pure, anhydrous ammonia for multiple applications, including fertilizer for farming, fuel for grain drying and internal combustion engines, a practical alternative for fuel cells, and a solution for grid storage. Green ammonia is also considered a key enabler of the hydrogen economy.

Fuelpositive systems are designed to provide for green ammonia production on-farm/on-site, where and when needed. This eliminates wildly fluctuating supply chains, and offers end-users clean fertilizer, energy and green ammonia supply security while eliminating carbon emissions from the production process. The first customers will be farmers. Farmers use 80 per cent of the traditional grey ammonia produced today as fertilizer.

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