Mr. Simon Fan reports

ZINC8 ENERGY SOLUTIONS ANNOUNCES $5,000,000 PRIVATE PLACEMENT

Zinc8 Energy Solutions Inc. has arranged the offering of up to 333,333,333 common shares at a price of 1.5 cents per share as a non-brokered private placement to raise gross proceeds of up to $5-million. Of this amount, a lead order for $2-million, corresponding to 133,333,333 shares, is expected. For the remaining $3-million, the company intends to give existing shareholders priority for their subscriptions. The proceeds of the private placement will be used for working capital expenditures, including operating expenses, payment of accounts payable, research and development, pursuing advancement of the company's business plan, salaries and wages, investor relations and marketing fees, and professional fees. Finders' fees and/or commissions will be paid in connection with the private placement and follow Canadian Securities Exchange policies.

The company does not intend to obtain securityholder approval for the private placement in reliance on certain exceptions in the policies of the Canadian Securities Exchange. Further to the company's news release dated Sept. 18, 2023, the company needs additional financing to finance its operations, and without such financing, its ability to continue as a going concern is at risk. The company has received an offer for a lead order pursuant to the private placement and intends to complete the private placement in tranches, with the first tranche closing as soon as possible. The independent directors of the company have determined that completion of the private placement is in the best interests of the company and that it is not feasible to obtain securityholder approval for the private placement in a timely manner given the company's circumstances. The extent of participation, if any, in the private placement from related persons of the company is unknown at this time. All securities issued pursuant to the private placement will be subject to a hold period of four months and a day from closing of the private placement in accordance with securities laws. Closing of the private placement remains subject to several conditions, including receipt of subscriptions and regulatory approval, if required.

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 is developing and pursuing 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.