Mr. Broderick Gunning reports

NU E POWER CORP. APPOINTS NEW CHIEF FINANCIAL OFFICER AND CLOSES OVERSUBSCRIBED FINANCING

NU E Power Corp. has appointed John Meekison, CPA, NACD.DC, as chief financial officer, effective immediately.

Mr. Meekison's appointment coincides with the successful close of the oversubscribed non-brokered private placement. The company is pleased to announce that further to its news release dated Dec. 8, 2025, Dec. 29, 2025, and Jan. 21, 2026, it has closed the third and final tranche of its non-brokered private placement offering of 850,500 units in the capital of the company at a price of 12 cents per unit for additional gross proceeds of $102,060. The company has raised total gross proceeds of $1,805,496 under the offering. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of 25 cents per warrant share for a period of 24 months after the closing date of the offering. Proceeds from the financing are being deployed to advance the company's growing portfolio of renewable and hybrid power projects, strengthen internal capabilities and support NU E's expansion across key markets aligned with accelerating demand from AI (artificial intelligence) and digital infrastructure.

Mr. Meekison brings more than 35 years of senior financial leadership experience, including over a decade advising and operating within the clean technology and energy transition sectors. He has served as a career CFO to early stage and mid-market companies, supporting scale-up execution, capital formation and playing a central role in guiding companies through a period of rapid growth, including:

• Expansion from approximately 12 to more than 200 employees;
• An uplisting from the Canadian Securities Exchange to the Toronto Stock Exchange;
• Raising in excess of $100-million in growth capital.

Earlier in his career, Mr. Meekison spent 15 years in investment banking, executing mergers and acquisitions, and financing transactions across Canada, the United States and Europe. In 2023, he was recognized as Arizona CFO of the Year by the Financial Executives Institute.

Strategic importance of the appointment

The appointment of Mr. Meekison represents a deliberate step in NU E's strategy to:

• Strengthen institutional-grade financial reporting, controls and governance;
• Support the company's expanding portfolio of hybrid power, energy storage and digital infrastructure initiatives;
• Position NU E for larger pools of capital, broader investor participation and potential future market structure upgrades, including uplisting opportunities.

"John's experience scaling public companies, navigating uplisting processes and managing complex capital structures is directly aligned with where NU E is headed," said Broderick Gunning, chief executive officer of NU E Power. "As we transition from early stage development into a more advanced, institutional phase of growth, John's leadership strengthens our ability to execute, communicate clearly with the market and build long-term shareholder value."

NU E also announces that John Newman has departed the company, and the board wishes to thank him for his contributions. The company has implemented a structured transition process to ensure continuity across finance, accounting and capital markets activities, including oversight of near-term financing matters and regulatory obligations.

About NU E Power Corp.

NU E is a multistage power developer that converts land and grid access into institutional-grade energy assets. NU E develops next-generation power sites for the digital and global power economies. combining renewables, grid, gas, nuclear and battery storage -- NU E delivers scalable, reliable and optimized energy sites across the world.

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