Mr. Ian Clifford reports

FUELPOSITIVE JOINS THE CANADIAN HYDROGEN AND FUEL CELL ASSOCIATION AND SETS COMPLETION DATE FOR NON-BROKERED PRIVATE PLACEMENT

Fuelpositive Corp. has joined the Canadian Hydrogen and Fuel Cell Association (CHFCA).

"We are pleased to welcome Fuelpositive to the CHFCA as a start-up member. With deep knowledge of the green ammonia and agricultural space, Fuelpositive's initiatives will be a key driver in the industry. We eagerly anticipate supporting Fuelpositive's industry growth and influence," said Ivette Vera-Perez, chief executive officer of CHFCA.

Nelson Leite, chief operating officer and board member of Fuelpositive, stated: "Farmers use 80 per cent of the traditional, highly polluting, grey ammonia produced today, and ammonia is a critical chemical in many other sectors. The possibility of producing green ammonia on site for nitrogen fertilizers, fuel witching and water purification -- with no carbon emissions -- is drawing attention globally. It can replace the grey ammonia in virtually all the traditional sectors, significantly reducing carbon emissions worldwide."

Mr. Leite continued: "On-site green hydrogen production is a key component of our system. Fuelpositive is excited to join the CHFCA to bring us closer to the greatest minds focused on Canadian green hydrogen technologies!"

Ian Clifford, Fuelpositive's chief executive officer and chair, stated: "We are very excited to partner with Canadian green hydrogen manufacturers and innovators through the CHFCA. Fuelpositive is testing and accessing green hydrogen technologies worldwide for our systems. Teaming up with Canadian technology companies and supporting the Canadian economy as we build our green ammonia solutions aligns with our mission as a company."

About the Canadian Hydrogen and Fuel Cell Association (CHFCA)

The Canadian Hydrogen and Fuel Cell Association (CHFCA) is a national association that supports industry, academia, government agencies, financial organizations and other stakeholders focused on hydrogen and fuel cell technologies and products. As the collective voice of Canada's world-leading hydrogen and fuel cell sector, the CHFCA's mission is to strengthen Canadian leadership, raise awareness of the benefits of the technology, and accelerate the adoption of its members' products and services in Canada and abroad. The CHFCA currently has more than 170 members across Canada and regional branches in British Columbia, Quebec and Ontario.

Fuelpositive sets completion date for non-brokered private placement

The company has set the deadline for completing its continuing non-brokered private placement for Jan. 31, 2024. The offering consists of up to 90,909,090 units at a price of 5.5 cents per unit. Each unit consists of one common share of the company and one common share purchase warrant allowing holders to purchase an additional common share at a price of seven cents for a period of 60 months.

On Dec. 15, 2023, the company completed an initial tranche of the offering and issued 24,545,454 units for aggregate gross proceeds of $1.35-million.

All securities issued in connection with the offering are subject to restrictions on resale for a period of four months and one day in accordance with applicable securities laws. The company will pay finders' fees to eligible third parties who have assisted in introducing subscribers to the offering. The net proceeds from the offering will be utilized for general working capital purposes.

About Fuelpositive Corp.

Fuelpositive is a Canadian technology company that delivers economical and sustainable clean technology solutions. Fuelpositive strives to ensure that the life cycle of its products is environmentally friendly. This includes an on-farm/on-site, containerized green ammonia (NH3) production system that effectively eliminates carbon emissions during the production process.

We seek Safe Harbor.