Mr. Steve Dalton reports

REVOLVE ANNOUNCES INTENTION TO CLOSING SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Revolve Renewable Power Corp. has increased the size of its non-brokered private placement, as described in the company's news release dated Nov. 16, 2023, to include a second tranche of up to $1-million. All currency in this news release is denominated in Canadian dollars.

Revolve completed the first tranche of a non-brokered private placement on Nov. 16, 2023, of 5,267,062 units at a price of 28.5 cents per unit, for total gross proceeds of approximately $1,501,112. Management, employees and insiders of the company invested a total of $226,740 in the offering.

The company intends to include a second tranche of up to $1-million in the offering and to issue a further 2.85 million units of the company.

Each unit comprised one common share of the company and one common share purchase warrant, with each warrant exercisable to acquire one additional common share at a price of 45 cents for a period of 18 months following the closing date of the offering, subject to the acceleration right (as defined below).

The warrants contain an acceleration provision, whereby, if the volume-weighted average trading price of the common shares of the company on the TSX Venture Exchange is equal to or greater than 60 cents per common share for 15 consecutive trading days, then the expiry date of the warrants shall automatically accelerate and the warrants will expire on the date that is 30 days after the date that notice of such acceleration is provided to the warrantholders.

Similar to the first tranche of the offering, the company intends to pay a cash commission of 5 per cent to certain arm's-length third parties who assisted in introducing subscribers to the offering.

The private placement is subject to all necessary regulatory approvals, including final approval from the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

About Revolve Renewable Power Corp.

Revolve was formed in 2012 to capitalize on the growing global demand for renewable power. Revolve develops utility-scale wind, solar and battery storage projects in the United States, Canada and Mexico with a portfolio of approximately 2,838 megawatts under development. The company has a second division, Revolve Renewable Business Solutions, which installs and operates sub 20 MW behind-the-meter distributed generation (or DG) assets. Revolve Renewable Business Solutions currently has an operating portfolio of six MW with an additional three MW under construction phase and 156 MW under development.

Revolve has an accomplished management team with a demonstrated record of taking projects from greenfield through to ready-to-build (or RTB) status and successfully concluding project sales to large operators of utility-scale renewable energy projects. To date, Revolve has developed and sold over 1,550 MW of projects.

Revolve is targeting 5,000 MW of utility-scale projects under development in the U.S., Canada and Mexico, and in parallel is rapidly growing its portfolio of revenue-generating DG (distributed generation) assets.

We seek Safe Harbor.