Mr. Broderick Gunning reports

NU E POWER CORP. PROVIDES UPDATE ON LATE FILING OF ANNUAL FINANCIAL DISCLOSURE

The filing of NU E Power Corp.'s audited annual financial statements, management's discussion and analysis, and related chief executive officer and chief financial officer certifications for the financial year ended Dec. 31, 2025, will be delayed beyond the filing deadline of April 30, 2026, and, as a result, will be in default of its obligations under Part 4 of National Instrument 51-102 (Continuous Disclosure Obligations). The company is working diligently in conjunction with the company's auditor to complete the audit of the annual financial statements. The company is co-operating fully with its auditor and expects to file the required filings as soon as the audit is complete.

The company has made a voluntary application to the Alberta Securities Commission for a management cease trade order, which would restrict all trading in securities of the company, whether direct or indirect, by management of the company. The MCTO does not generally affect the ability of shareholders who are not insiders of the company to trade their securities. There is no certainty that the MCTO will be granted.

The company is working expeditiously to complete the audit of its 2025 annual financial statements as soon as possible. NU E plans to remedy the default and file the required filings as soon as it is able to do so, and expects such filing to occur on or prior to May 8, 2026. The company also intends to satisfy the provisions of the alternative information guidelines of Section 10 of National Policy 12-203 (Management Cease Trade Orders) as long as it is in default of the filing requirements.

The company confirms that there are no insolvency proceedings against it as of the date of this press release. The company also confirms that there is no other material information concerning the affairs of the company that has not been generally disclosed as of the date of this press release.

About NU E Power Corp.

NU E Power is an energy infrastructure company focused on the origination, development and advancement of integrated power and energy park opportunities. The company emphasizes strategic site positioning, grid access and disciplined stage-gated project development across selected markets serving compute-intensive and large-load industrial demand.

We seek Safe Harbor.