Next Hydrogen receives $1.5-million in loan advances

Mr. Raveel Afzaal reports NEXT HYDROGEN ANNOUNCES CLOSING OF $1.5 MILLION IN LOANS Next Hydrogen Solutions Inc., further to its news release dated July 23, 2025, has entered into a loan agreement with certain existing directors and officers of the company, providing for the advance of an unsecured loan, bearing interest at 5.0 per cent per annum, in the principal amount of $530,000. The loan was advanced on July 23, 2025, and matures on the date that is one year from the advance of the loan. The advance of the loan was completed immediately prior to the advance of a $1-million loan from an arm's-length commercial lender. In consideration of the advance of the loan by the lenders, the company issued to the lenders an aggregate of 214,140 common shares of the company at a deemed price of 49.5 cents per share as bonus shares, representing approximately 20 per cent of the principal amount of the loan. A set-up fee of $20,000 is also payable to the lenders on the maturity date. In addition, subject to the approval of the TSX Venture Exchange in accordance with the policies of the TSX-V, the loan may be converted into common shares at the option of the company, in whole or in part, on the earlier of the maturity date or the closing of an offering of equity securities of the company. Next Hydrogen intends to use the proceeds of the loan and the original loan for working capital and general corporate purposes. The loan and the original loan will assist the company in bridging its financial position in order to keep its talented team and continue operations while it evaluates longer term financial and strategic solutions. In conducting its review of financial and strategic solutions, the company's board and management team are committed to acting in the best interests of the company, its shareholders and its stakeholders. There is no deadline or definitive timetable for the completion of the review of financial and strategic solutions, and the company does not intend to comment further unless the company's board has approved a specific transaction or otherwise determined that disclosure is necessary or appropriate. There can be no assurances that the review will result in any specific transaction or outcome. This issuance of the conversion shares, if applicable, is subject to receipt of all required regulatory approvals, including that of the TSX-V. The TSX-V has in no way passed upon the merits of the loan or the original loan, and has neither approved nor disapproved the contents of this news release. About Next Hydrogen Solutions Inc. Founded in 2007, Next Hydrogen is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Next Hydrogen's unique cell design architecture supported by 40 patents enables high-current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. Following successful pilots, Next Hydrogen is scaling up its technology to deliver commercial solutions to decarbonize transportation and industrial sectors. We seek Safe Harbor.