Mr. Broderick Gunning reports

NU E POWER CORP. RECEIVES PROVISIONAL UNCCD COP17 OBSERVER ACCREDITATION, CONTINUING MONGOLIA ENGAGEMENT FOLLOWING DARKHAN ENERGY PARK JDA

NU E Power Corp. has received provisional accreditation as a business and industry entity observer to the 17th session of the Conference of the Parties (COP17) to the United Nations Convention to Combat Desertification, scheduled to be held in Ulan Bator, Mongolia, from Aug. 17 to Aug. 28, 2026.

Final accreditation remains subject to a decision by the parties during COP17. If final accreditation is granted, NU E would be eligible to participate as an observer in the COP17 process in accordance with applicable UNCCD procedures.

The provisional accreditation follows NU E's previously announced application and builds on the company's continuing activities in Mongolia. On April 14, 2026, NU E announced that it had entered into a joint development agreement with Tsegtskharaa LLC to advance the proposed Darkhan Energy Park and had commenced environmental and feasibility work related to the project.

NU E views provisional observer accreditation as a constructive step in its continued engagement with Mongolia and with international policy discussions relating to land use, infrastructure planning, sustainable development and desertification. The company also expects to evaluate participation in related business and industry programming, including business 4 land initiatives, where appropriate.

Management commentary

"Provisional observer accreditation to COP17 is a constructive development for NU E as we continue to advance our Mongolia activities through a disciplined, stage-gated process. If final accreditation is granted, participation at the UNCCD would allow NUE to engage with broader discussions relating to land use, infrastructure planning and sustainable development in Mongolia while continuing to evaluate the proposed Darkhan Energy Park subject to feasibility, permitting, financing, grid access, offtake and other project development conditions," said Broderick Gunning, chief executive officer, NU E Power.

About the Darkhan Energy Park

The proposed Darkhan Energy Park is an early-stage energy infrastructure project in Mongolia being advanced under a joint development agreement between NU Energy and Tsegtskharaa LLC. As previously announced, the project is intended to address energy infrastructure constraints in Mongolia, and remains subject to feasibility studies, permitting, regulatory approvals, financing, grid access, offtake arrangements, partner performance and other development conditions.

There can be no assurance that the proposed Darkhan Energy Park will proceed to construction or commercial operation.

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.