Mr. Aman Parmar, a shareholder, reports

AMAN PARMAR ANNOUNCES ACQUISITION OF UNITS OF HYTN INNOVATIONS INC.

On March 25, 2024, Aman Parmar acquired ownership and control over 2,666,667 units of HYTN Innovations Inc. through 1428 Investments Inc. Each unit consists of one common share in the capital of the company and one common share purchase warrant of the company, exercisable for one additional common share at a price of 25 cents until March 25, 2026. The units were acquired pursuant to a non-brokered private placement completed by the company at a per unit price of 7.5 cents for a total cost of $200,000.03.

Prior to the acquisition, Mr. Parmar, personally and through 1428 Investments, had ownership and control over 9,255,500 common shares, representing approximately 13.69 per cent of the issued and outstanding common shares of the company, prior to the private placement, along with 150,000 stock options of the company, exercisable into common shares at a price of 35 cents per common share, and 250,000 restricted share units of the company (the RSUs), which may be settled for common shares. Prior to the acquisition, assuming the exercise of all of the options and the settlement of all of the RSUs for common shares, Mr. Parmar, personally and through 1428 Investments, would have ownership and control over 9,655,500 common shares, representing approximately 14.24 per cent of the issued and outstanding common shares (prior to the private placement, taking into account the common shares issued upon the exercise of the options and the settlement of the RSUs).

Following the acquisition, Mr. Parmar, personally and through 1428 Investments, has ownership and control over 11,922,167 common shares, representing approximately 15.41 per cent of the currently issued and outstanding common shares (after giving effect to the private placement). Assuming the exercise of all of the options and the warrants acquired by Mr. Parmar pursuant to the private placement, along with the settlement of all of the RSUs for common shares, Mr. Parmar, personally and through 1428 Investments, would have ownership and control over 14,988,834 common shares, representing approximately 18.63 per cent of the issued and outstanding common shares (taking into account the common shares issued upon the option and warrant exercise and the settlement of the RSUs). The shares were acquired in the ordinary course of Mr. Parmar's investment activities. Mr. Parmar holds common shares and warrants in the ordinary course of his investment activities and may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold securities of the company.

1428 Investments is a corporation organized under the laws of British Columbia which conducts ordinary investment activities, with an address at 602 -- 13737 96 Ave., Surrey, B.C., V3V 0C6. The head office of the company is 12 East 4th Ave., Vancouver, B.C., V5T 1E8. To obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see the company's SEDAR+ profile or contact Elliot McKerr, chief executive officer of the company, at 1-866-590-9289.