Mr. Bruce Nurse reports

PUREWAVE HYDROGEN CORP. PROVIDES BI-WEEKLY DEFAULT STATUS REPORT UNDER NATIONAL POLICY 12-203

Purewave Hydrogen Corp. is providing this default status report in accordance with National Policy 12-203 (Management Cease Trade Orders).

As previously announced on Dec. 19, 2025, and Jan. 6, 2026, the corporation was unable to file its audited financial statements for the year ended Aug. 31, 2025, together with the related management's discussion and analysis and chief executive officer/chief financial officer certificates by the prescribed deadline of Dec. 29, 2025. The Alberta Securities Commission granted a temporary management cease trade order on Jan. 2, 2026, which remains in effect until the required filings are completed and the MCTO is revoked.

As of the date of this announcement, the corporation confirms that it is not subject to any insolvency proceedings. Other than as disclosed above, there is no other material information concerning the affairs of the corporation that has not been generally disclosed. The corporation anticipates that it will be in a position to remedy the default by filing the required filings on or before Feb. 27, 2026. The MCTO will remain in effect until the ASC has revoked the MCTO. The corporation also confirms that it expects it will meet other prescribed continuous disclosure filing deadlines that arise while the required filings remain outstanding, and will provide updates regarding any such anticipated subsequent specified defaults in accordance with NP 12-203.

The corporation intends to satisfy the provisions of the alternative information guidelines under NP 12-203, including by issuing biweekly default status reports in the form of news releases for so long as the required filings remain outstanding.

We seek Safe Harbor.