FuelPositive Closes Final Tranche of Private Placement

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WINNIPEG, Manitoba and WATERLOO, Ontario, Aug. 31, 2024 (GLOBE NEWSWIRE) — Fuel Positive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (the “Company”) announced that it has closed a non-brokered private placement (“an offer“) and issued 8,925,055 units (each “lonliness“) at a price of $0.055 per Unit for gross proceeds of $490,878. Each “Unit” consists of one common share of the Company and one common share purchase warrant exercisable at $0.07 through August 29, 2029.

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This offering represents the final tranche of the offering previously announced by the Company on May 28, 2024.

No fees or commissions were paid to the finders in connection with the offering. All securities issued in connection with the offering are subject to restrictions on resale until December 30, 2024 in accordance with applicable securities laws.

About FuelPositive Corporation

FuelPositive is a Canadian technology company dedicated to providing commercially viable, sustainable clean technology solutions that follow a circular approach, ensuring that the entire lifecycle of our products is environmentally friendly. This includes our on-farm/site containerized green ammonia (NH3) production system that effectively eliminates carbon emissions during the production process.

By focusing on clean, sustainable, economically viable and scalable technologies, the company aims to help mitigate climate change and address unsustainable agricultural practices through innovative technology and practical solutions that can be implemented now. The FuelPositive on-farm/site green ammonia production system is designed in containers to produce pure, anhydrous ammonia for multiple applications, including fertilizer for agriculture, fuel for grain drying and internal combustion engines, a practical alternative to fuel cells and a solution for grid storage. Green ammonia is also a key enabler of the hydrogen economy.

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FuelPositive systems are designed to deliver on-farm/site green ammonia production, wherever and whenever needed. This eliminates highly volatile supply chains and provides end users with clean fertilizer, energy and security of supply of green ammonia while eliminating carbon emissions from the production process. Farmers will be the first customers. Farmers use 80% of the conventional gray ammonia produced today as fertilizer.

See purchase details here: https://fuelpositive.com/sales/.

FuelPositive Corporation is headquartered in Waterloo, Manitoba, Canada and trades on the TSX Venture Exchange under the symbol NHHH and in the United States on the OTCQB under the symbol NHHHF.

For more information, please contact:

Ian Clifford
Co-Founder, CEO and Chairman
ian@fuelpositive.com
Phone: 416.535.8395
www.fuelpositive.com

Judy Mason
Senior Account Manager
Public Affairs Consultant, Ltd.
jameson@counselpa.com
Phone: 204.898.7183
www.counselpa.com

US and International Investor Relations:
RB Milestone Group (RBMG)
Positive Fuel@rbmilestone.com

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Investor Relations Canada:
Transcend Capital
Email: et@transcendcapitalinc.com

Warning statement

Trading in the Company’s securities should be considered highly speculative. No exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Venture Exchange) accepts responsibility for the adequacy or accuracy of this statement.

Forward-looking statements

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) that are based on expectations, estimates and projections as of the date of this press release. Information contained in this press release about the Company’s future plans and objectives, including with respect to further testing and implementation of the FP300 System, are forward-looking statements.

These forward-looking statements are based on assumptions and estimates made by the Company’s management at the time they are made and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, although considered reasonable by the Company as of the time such statements are made, are inherently subject to significant business, economic and competitive uncertainty and contingencies. Such estimates and assumptions may prove to be incorrect.

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Many of these uncertainties and contingencies could directly or indirectly affect actual results and could cause them to differ materially from those expressed or implied by any forward-looking statements. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Forward-looking information is provided to provide information about management’s expectations and plans regarding the future. The Company disclaims any intention or obligation to update or revise any forward-looking information or to explain any material difference between subsequent actual events and such forward-looking information, except to the extent required by applicable law.

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