NHHH FuelPositive Corporation

FuelPositive Corporation (“FuelPositive” or the “Company”) (TSX.V: NHHH) (OTCQB: NHHHF) is pleased to announce it has closed its subscription agreement with certain U.S. institutional investors for gross proceeds of approximately CAD$7 million in a private placement in the United States, comprised of 30,434,784 common shares and warrants to purchase an aggregate of up to 30,434,784 common shares at a purchase price of CAD$0.23 per common share and associated warrant. The warrants have an exercise price of CAD$0.255 per common share and are exercisable until October 28, 2024. The net proceeds of the private placement will be used by the Company to increase the number of available FuelPositive carbon-free ammonia systems to deploy into high profile demonstration projects throughout 2022 and for general corporate purposes.

H.C. Wainwright & Co. acted as the exclusive placement agent for the private placement in the United States. In consideration for coordinating the placement, the Company has paid a cash commission of CAD$560,000 and issued 2,434,783 warrants, each of which have an exercise price of CAD$0.23 per common share and are exercisable until October 28, 2024.

No securities were offered or sold to Canadian residents in connection with the private placement.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release shall not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.

About FuelPositive

FuelPositive 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.

The Company’s core technology, a modular and scalable carbon-free NH3 system, takes air, water and sustainable electricity and synthesizes it into a non-polluting chemical for multiple applications, including fertilizer for farming, fuel for internal combustion engines and a solution for grid storage. It is being considered as a replacement for fossil fuels and as a key enabler of the hydrogen economy.

Cautionary Statement

Trading 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 Statements

This 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, including the expected expenditures of the proceeds of the private placement, 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 which 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, 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:

Mr. Ian CliffordChief Executive Officermailbox1@fuelpositive.com

Investor Relations (United States)RBMG – RB Milestone Group LLCTrevor Brucato, Managing Directorfuelpositive@rbmilestone.comwww.rbmilestone.com