AmmPower Corp. Announces Letter of Intent to Develop Ammonia Production Facility at the Port of South Louisiana.

AmmPower will build a large green hydrogen and ammonia facility, to produce, store and distribute green ammonia for use as a carbon free fuel and a carrier of hydrogen energy. The facility, based upon future feasibility studies, could produce up to 4,000 tonnes of green ammonia per day, would service the fueling of oceangoing vessels (over 4,500/year) at the POSL, and also provide hydrogen rich, green ammonia for use domestically and for export. Ammonia is not only the ideal fuel for carbon free shipping but is also the best carrier to move green hydrogen short and long distances. At the point of use, hydrogen can be released from the ammonia using a process known as 'cracking.' AmmPower possess an expert team, led by Dr. Zhenyu Zhang that are global experts in cracking methodologies.

This project, led by Maarten Mobach, President, AmmPower Maritime and long-time industry veteran, will be one of the first renewable energy project of this scale, at one of the largest working ports in the world. Mr. Mobach, states, "Having been involved in a number of large port construction and infrastructure projects over the past 40 years, I can truly say this is a remarkable moment. The pivotal shift to green energy is an important one, and I am very excited to be working with the Port of South Louisiana. We hope this will be the first of many AmmPower projects in the maritime industry that will help transition towards green energy."

Gary Benninger, CEO of AmmPower, states, "This is truly an incredible step for AmmPower. We have known since the inception of this company that green ammonia was the future of the shipping industry & green energy movement. Striking such a formative deal with one of the largest ports in the world is validation of that vision. We could not be more fortunate to work with the incredible people at Port of South Louisiana, one of the largest tonnage ports in the western hemisphere. This initiative allows the Port of South Louisiana, being the largest energy transfer port in the United States, to move towards green hydrogen and ammonia in a robust manner. Indeed, POSL is not only one of the largest ports in the world, but will now have the infrastructure to support any oceangoing vessels that require green ammonia for fuel. AmmPower looks forward to working closely with the Port of South Louisiana to help become industry leaders in the transition to green energy within the maritime industry."

Special Section of Website for POSL

Given the magnitude of this project, and its direct impact on shareholders, AmmPower will create a separate section of its website called "Projects", in the coming weeks, which will feature a selection of our endeavors amongst them Port of South Louisiana.

On Behalf of the Board of Directors
Gary Benninger
Chief Executive Officer

About AmmPower

AmmPower is a resource exploration company with an increasing focus on clean energy. The Company is based in Toronto, Ontario, with a research and manufacturing facility in Southeast Michigan. The company owns the Whabouchi South lithium exploration property located in the James Bay/Eeyou Istchee region of Quebec and holds an option over the Titan Property located in the Klotz Lake area in Northwestern Ontario. In addition, together with its partner, ORF Technologies Inc., based in Toronto, Canada, the Company is working on the development of a proprietary solution to produce green ammonia and green hydrogen, and is also investigating revolutionary catalyst methods to react Nitrogen and Hydrogen together with the aim of creating 100% clean, and cost effective green, turquoise, and blue ammonia.

For More Information please visit:

www.ammpower.com
5 Hazelton Avenue Suite 400, Toronto, Ontario M5R 2E1

About Port of South Louisiana

The Port of South Louisiana is one of the largest ports by tonnage in the Western Hemisphere, hosting over 3,600 oceangoing vessels every year, amounting to over 130M [US short tons] of cargo (15% of Total U.S. Exports, respectively). Port of South Louisiana ("POSL") is "the premier sea gateway for U.S. export and import traffic…" that occupies over 50 miles of the Mississippi River, #4 Foreign Trade Zone (FTZ #124) in America, and a key port of entry and exit to the United States.

POSL is strategically located, and houses over 40 liquid and bulk terminals and serves as the #2 energy transfer port in the U.S., currently housing four major oil & seven crude oil storage terminals. POSL does over $57 Billion worth of exports, and over $18 Billion worth of imports every year.

For more information, please visit:

1-855-SLA-PORT
(985)-652-9278
https://portsl.com
155 West 10^th Street P.O. Box AE
Reserve, Louisiana, 70084

Investor Relations
604-398-3379
invest@ammpower.com

Forward-Looking Statements

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