Mr. Steve Dalton reports

REVOLVE ANNOUNCES GRANT OF DEFERRED SHARE UNITS

Revolve Renewable Power Corp. has granted deferred share units to the company's directors, effective March 1, 2024. A total of 1,140,421 DSUs have been granted under the company's omnibus equity incentive plan adopted on July 6, 2022 (the first and only DSUs granted under this plan). Each DSU entitles the holder to receive one share of the company or, in certain circumstances, a cash payment equal to the value of one share of the company, at the time the holder ceases to be a director of the company.

The DSUs vest one year from the date of grant and have been granted for the following periods:

• A total of 48,323 DSUs for third quarter 2022 and fourth quarter 2022 at a deemed price of 50 cents per share;
• A total of 263,947 DSUs for financial year 2023 at a deemed price of 50 cents per share;
• A total of 828,151 DSUs for first quarter 2024 and second quarter 2024 at prices of 33 cents per share and 29 cents per share, respectively.

Going forward, the company intends to issue DSUs at the end of each quarter in lieu of cash director fees.

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, hydro and battery storage projects in the United States, Canada and Mexico with a portfolio of approximately 3,070 megawatts under development. The company has a second division, Revolve Renewable Business Solutions, which installs and operates sub-20-megawatt behind-the-meter distributed generation assets. Revolve Renewable Business Solutions currently has an operating portfolio of six megawatts with an additional three megawatts under construction phase and 146 megawatts under development.

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

Revolve is targeting 5,000 megawatts of utility-scale projects under development in the United States, Canada and Mexico, and in parallel is rapidly expanding its portfolio of revenue-generating DG (distributed generation) assets.

We seek Safe Harbor.