Loop EnergyTM (TSX: LPEN) is pleased to announce that all of the nominees proposed as Directors and listed in the Company's Management Information Circular dated May 12, 2023 (the 'Circular') were elected as Directors of Loop Energy at its Annual General Meeting of shareholders held on June 22, 2023 (the 'Meeting').

At the AGM, KPMG LLP were also reappointed as auditors of Loop Energy. According to proxies received, the votes at the Meeting were as follows:

About Loop Energy Inc.

Loop Energy is a leading designer and manufacturer of hydrogen fuel cell systems targeted for the electrification of commercial vehicles, including light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop Energy's products feature the Company's proprietary eFlow technology in the fuel cell stack's bipolar plates. eFlow is designed to enable commercial customers to achieve performance maximization and cost minimization. Loop Energy works with OEMs and major vehicle sub-system suppliers to enable the production of hydrogen fuel cell electric vehicles.

Contact:

Tel: +1 604.222.3400

Email: investors@loopenergy.com

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