Mr. Ron MacDonald reports

ZINC8 ENERGY SOLUTIONS ANNOUNCES AGSM RESULTS

All matters put forward at Zinc8 Energy Solutions Inc.'s annual general and special meeting of shareholders held on Dec. 8, 2022, were duly approved. Details of the voting results are provided below.

AGM results

A total of 31,240,711 votes were cast, representing 19.22 per cent of the issued and outstanding shares of the company, were voted in connection with the AGSM by shareholders and proxy holders. All the resolutions, as described in the company's proxy statement dated Nov. 22, 2022, were approved by the requisite majority of votes cast at the AGSM. The resolutions are set out below:

• Setting the number of directors at five;
• Election of directors for the ensuing year composed of Ronald MacDonald, Storm Boswick, Charn Deol, Dave Hodge and Bernard Pinsky;
• Appointment of D&H Group LLP, chartered professional accountant, as the auditor of the company for the fiscal year ending Dec. 31, 2022;
• The approval of an amendment to the company's stock option plan increasing the maximum term of the stock options from five years to 10 years.

Zinc8 focuses on developing and commercializing its low-cost, long-duration ZESS for utilities, microgrid, and commercial and industrial markets. By using the patented ZESS as a stand-alone or an enabling technology, it allows opportunities for peak demand reduction, time-of-use arbitrage, and participation in both the value-stacking programs and the distributed long-duration energy storage space, all in conjunction with the opportunity for a significant reduction in carbon footprint. The long-duration (eight to 100-plus hours) ZESS has no fire and explosion risk, has no capacity fade over extensive lifetime, and offers complete charge operational flexibility.

About Zinc8 Energy Solutions Inc.

Zinc8 has assembled an experienced team to execute the development and commercialization of a dependable low-cost zinc-air battery. This mass storage system offers both environmental and efficiency benefits. Zinc8 strives to meet the growing need for secure and reliable power.

We seek Safe Harbor.