NU E Power closes $625,003 first tranche of placement

Mr. Broderick Gunning reports NU E POWER CORP. CLOSES FIRST TRANCHE OF FINANCING AND ADVANCES ALBERTA INTERCONNECTION AND INTERNATIONAL FEASIBILITY PROGRAMS Further to NU E Power Corp.'s news release dated Dec. 8, 2025, it has closed the first tranche of a non-brokered private placement offering of 5,208,366 units in the capital of the company at a price of 12 cents per unit for additional gross proceeds of $625,003.92. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of 25 cents per warrant share for a period of 24 months after the closing date of the offering. This initial close marks a significant milestone for NU E as the company enters 2026 with multiple projects advancing toward critical development inflection points. Proceeds from the financing are being deployed to support final-stage interconnection processes in Alberta, alongside the commencement of environmental and feasibility studies in Mongolia and Malaysia -- key jurisdictions within NU E's global infrastructure pipeline. Breaking the power bottleneck NU E is not a traditional energy developer or a data center operator. The company is an infrastructure arbitrage platform positioned at the intersection of power markets, compute demand and regulatory constraint. NU E's model is designed to: Own or control strategic energy and infrastructure sites; Integrate generation, storage and flexible load; Monetize power through multiple demand vectors, including digital infrastructure and industrial users; Scale through repeatable, modular deployments across markets. Each NU E site is not treated as a stand-alone project -- it is a node within a deployable infrastructure network, purpose-built to relieve structural power bottlenecks and unlock stranded or constrained capacity. Use of proceeds and near-term focus Funds from the offering are being allocated toward: Advancing Alberta-based projects through final interconnection stages; Launching environmental and feasibility programs in Mongolia and Malaysia; Supporting early stage development initiatives in select African markets; Strengthening technical, project and governance capabilities as NU E begins its 2026 execution cycle. The second tranche of the offering is expected to further support these initiatives as NU E continues to convert its pipeline into financeable, institutional-grade infrastructure assets. Looking ahead As global power demand accelerates-driven by AI, digital infrastructure, industrial electrification and energy security -- NU E is focused on solving the bottleneck that constrains growth: access to scalable, reliable power in regulated and capacity-constrained markets. By aligning capital, development discipline and modular infrastructure design, NU E is building a platform capable of responding to power scarcity with speed, flexibility and repeatability. In connection with the offering, the company paid to certain finders a cash fee equal to 7 per cent of the gross proceeds raised by each finder, and issued an aggregate of 260,050 finder warrants, representing 7 per cent of the aggregate number of units sold to purchasers introduced to the company by such finders. Each finder warrant entitles the holder thereof to acquire one common share at a price of 25 cents for a period of 24 months from the closing date. Ventum Financial Corp. and Haywood Securities Inc. acted as finders in connection with a portion of the offering. About Nu E Power Corp. NU E Power is a hybrid energy-compute infrastructure platform developing next-generation power sites to meet accelerating demand across digital and traditional economies. The company focuses on infrastructure arbitrage-integrating generation, storage and load across strategic sites to monetize power through multiple demand vectors and scalable deployment models. We seek Safe Harbor.