NHHH FuelPositive Corporation

Canada produces sufficient green electricity in off-peak demand hours to produce enough carbon-free ammonia (NH3) to replace the use of fossil fuels for 100% of the passenger and freight aviation and rail, passenger bus, freight trucking, freight rail and freight marine shipping in the country, according to a study commissioned by FuelPositive Corporation (TSX.V: NHHH) (OTCQB: NHHHF) (“FuelPositive” or the “Company”). If all carbon-free ammonia were used, the result would be a 15.3% reduction in Canada’s total greenhouse gas emissions. [Link to study summary: http://ml.globenewswire.com/Resource/Download/5ee10c6a-ba72-409f-bc0c-be756681fae9]

In early 2021, FuelPositive commissioned emissions reduction and carbon credit specialist Andre Mech to conduct an analysis of Canada’s green off-peak electricity capacity and to determine the fuel needs and the carbon emissions of the Canadian transportation sector. The intention was to discover whether it would be possible to replace fossil fuels used for transportation with carbon-free ammonia (NH3) – and to measure the impact that would have on the country’s carbon emissions. FuelPositive’s carbon-free NH3 is produced using only air, water and green electricity. For the purposes of this study, Mech used 2019 data. Green electricity was defined as hydroelectric, solar and wind.

The findings of Mech’s analysis were startling. Canada has enough off-peak green electricity today to provide non-polluting, carbon-free NH3 fuel to power 63% of all the passenger cars, light trucks, passenger aviation, buses, light rail, motorcycles, freight trucking, freight aviation, rail, marine and other sector vehicles in the country. But even more exciting, Canada has enough off-peak green electricity to provide carbon-free NH3 to power 100% of the needs of passenger and freight aviation and rail, passenger bus, freight trucking, freight rail and freight marine shipping in Canada – all regulated industries that are notoriously high greenhouse gas emitters with significant government mandates to decarbonize.

“Switching from fossil fuels to carbon-free ammonia offers a viable, economical transition strategy for Canada’s transportation sector as we adopt new practices to address climate change,” said Ian Clifford, FuelPositive CEO. “Many people don’t know it, but planes, trains, ships, trucks and other vehicles can be converted to run on ammonia – just as easily as they can be converted from gasoline and diesel to run on propane. The transportation sector just didn’t see a benefit to switching to ammonia until now, because the production of traditional ammonia results in massive carbon emissions. But, when you use our carbon-free NH3 made from green electricity rather than traditional ammonia, it means we can move people around and transport goods with no pollution.”

“The analysis outlines the opportunities and needs at the provincial and territorial levels,” said study author Andre Mech. Three provinces – Manitoba, Quebec and Newfoundland & Labrador – already generate enough renewable electricity to cover their passenger aviation, passenger rail and freight transportation fuel requirements using FuelPositive’s carbon-free NH3 system. In a national strategy, they would be green ammonia suppliers. The remaining provinces and territories would be green ammonia consumers. According to Mech: “The good news is that there are suppliers and consumers. That tells us that there is a market for green ammonia within Canada itself.”

Grid StorageInterestingly, the analysis also points out that the three provinces can also store their excess renewable electricity for later use, by running FuelPositive’s commercial modular and scalable carbon-free NH3 production systems on site. The problem with renewables in the past was that there was no viable and scalable excess energy storage mechanism. FuelPositive has developed a patent-pending system to economically produce and store carbon-free ammonia from air, water and sustainable electricity – wherever it is needed, whenever it is needed. During periods of peak demand, even when there is no wind for windmills or sun for solar panels, the extra carbon-free NH3 stored on site can be combusted in NH3-burning turbines to generate and distribute electricity to meet demand. [link to Grid Storage: https://fuelpositive.com/our-carbon-free-grid-storage/]

About Andre MechAndre Mech has been advising organizations and governments focused on sustainability, energy efficiency and carbon reduction worldwide since 2001 – most recently in North America and Europe. As one of the most knowledgeable emissions reduction and carbon credit specialists in the sector, he has assessed the emission profiles of hundreds of technologies. Mech formally joined FuelPositive as a Strategic Advisor in July 2021.

About Fuel PositiveFuelPositive is a Canadian growth-stage technology company committed to providing commercially viable and sustainable, “cradle to cradle”, clean energy solutions, including carbon-free ammonia (NH3), for use across a broad spectrum of industries and applications. By focusing on technologies that are clean, economically advantageous/ realizable and that leverage existing infrastructure, the Company aims to change the course of climate change through practical solutions that can be implemented now.

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

Forward-Looking StatementsThis news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company are forward-looking statements.

These forward-looking statements are based on assumptions and estimates of management of the Company at the time they were made and involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company 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 upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect.

Many of these uncertainties and contingencies can directly or indirectly affect actual results and could cause actual results to differ materially from those expressed or implied in 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 for the purpose of providing information about management's expectations and plans relating to 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.

For Media or Investor enquiries, please contact:Ian CliffordFuelPositive Chief Executive Officerinvestors@fuelpositive.comwww.fuelpositive.com

Investor Relations (U.S.):RBMG - RB Milestone Group LLCTrevor Brucato, Managing Directorfuelpositive@rbmilestone.comwww.rbmilestone.com

Corporate Communications:InvestorBrandNetwork (IBN) Los Angeles, CAwww.IBN.fm310.299.1717 OfficeEditor@NetworkNewsWire.com

Government Relations:Sussex Strategy Group Toronto & Ottawahttps://www.sussex-strategy.com/Contact: Devin McCarthy(613) 864-0263dmccarthy@sussex-strategy.com

A summary report associated with this press release is available at: http://ml.globenewswire.com/Resource/Download/5ee10c6a-ba72-409f-bc0c-be756681fae9