Next Hydrogen Solutions Inc. and Next Hydrogen Corporation announce the completion of the three-cornered amalgamation between Next Hydrogen and a wholly-owned subsidiary of the Resulting Issuer to form a subsidiary of the Resulting Issuer as well as the receipt of conditional approval to list the common shares of the Resulting Issue on the TSX Venture Exchange. The Resulting Issuer's board of directors has been reconstituted to include, Raveel Afzaal, Walter Howard, Matthew Fairlie, Allan Mackenzie, Jens Peter Clausen, Michael Pyle, Susan Uthayakumar and Anthony Guglielmin. Brief biography on each recently added proposed director: Mr. Pyle is currently a director of CentrePort Canada Inc. and a director of the Winnipeg Blue Bombers Football Club.

Mr. Pyle has been a member of the ICD since 2017. Mr. Clausen is VP of Engineering - Data Center Advanced Technology Innovation (ATI) for Google. Uthayakumar has been with Schneider Electric, an energy technology company, for the past 15 years and has served as President of Schneider Electric Canada since January 2018, with overall responsibility for Canadian operations.

Mr. Guglielmin is a seasoned executive, having recently retired as SVP and Chief Financial Officer of Ballard Power Systems.