Mr. Balraj Mann reports

FIRST HYDROGEN TO EXTEND WARRANTS EXPIRY & PRICE

First Hydrogen Corp. intends to extend the expiry date and amend the exercise price of the common share purchase warrants of the company issued on April 29, 2022.

Pursuant to the warrant extension, the term of the warrants will be extended by 12 months, such that after giving effect to the warrant extension, each warrant issued on April 29, 2022, having an initial expiry date of April 29, 2024, will expire on April 29, 2025. Pursuant to the exercise price amendment, all the warrants will be exercisable to purchase a common share of the company at a price of $1.10 per common share.

The warrants, as amended, will be subject to an accelerated expiry provision, such that, if for any 10 consecutive trading days during the unexpired term of the warrants, the closing price of the company's common shares on the TSX Venture Exchange exceeds $1.32, the exercise period of the warrants will be reduced to 30 days, starting seven days after the last trading day above $1.32. The company will announce any such accelerated expiry date by press release.

The warrant extension and exercise price amendment are subject to the approval of the TSX Venture Exchange. Accordingly, the company will obtain the consent of all warrantholders for the approval of the amendments discussed in this news release.

No insiders of the company hold any of the warrants, and none of the warrants have been exercised.

About First Hydrogen Corp.

First Hydrogen is a company based in Vancouver, Montreal and London, United Kingdom, focused on zero-emission vehicles, and green hydrogen production and distribution. The company has designed and built hydrogen-fuel-cell-powered light commercial vehicles (FCEV) in partnership with AVL Powertrain and Ballard Power Systems Inc. The FCEV has a range of 630 plus kilometres. These vehicles are being trialled with fleet operators in the United Kingdom. First Hydrogen is also developing a 35-megawatt green hydrogen production facility and vehicle assembly factory in Shawinigan, Que.

We seek Safe Harbor.