Mr. Ian Clifford reports

FUELPOSITIVE SEEKS APPROVAL FOR WARRANT REPRICING

Fuelpositive Corp. has applied to the TSX Venture Exchange to amend the terms of a series of 8,249,823 share purchase warrants. The warrants are currently exercisable at a price of 34 cents, with 3,044,000 expiring on Aug. 21, 2023, and 5,205,823 expiring on Sept. 5, 2023.

Under the terms of the amendment, the exercise price of the warrants would be reduced to six cents. As an additional incentive to encourage the exercise of the warrants, upon exercise of each warrant, the holder would be entitled to receive one common share and one additional share purchase warrant. Each incentive warrant will be exercisable at a price of nine cents for a period of 36 months, subject to accelerated expiry 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 warrants were previously issued in connection with a non-brokered private placement completed by the company and not in compensation for any services provided to the company. None of the warrants are held by related parties or insiders of the company, and no warrants within this series have previously been exercised. Completion of the amendment remains subject to the approval of the TSX-V and will not take effect until such time as approval has been received.

About Fuelpositive

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.

We seek Safe Harbor.