PowerTap Provides Corporate Update

May 10, 202423:00 UTC

MMOVE

2K6

MOTNF

(TheNewswire)

VANCOUVER, British Columbia and Aliso Viejo,California, May 10, 2024 (TheNewswire) PowerTap Hydrogen CapitalCorp. MMOVE 2K6 MOTNF (“PowerTap” or the “Company” or“MOVE”), advisesthat pursuant to the Company’s ongoing non-compliance with thecontinuous listing requirements of CBOE Canada Inc. (the“Exchange”) and thecontinuing cease trade order (“FFCTO”) issued by the BritishColumbia Securities Commission (the “BCSC”) on December 12, 2023, theCompany's common shares will be delisted from the Exchange at the closeof trading on Monday, May 13, 2024.

The Company has filed a cease trade revocation with theBCSC and has received a first comment letter which it will respond to.The Company will continue to work diligently towards revoking theoutstanding FFCTO with the BCSC, following which the Company intendsto seek listing on another Canadian stock exchange.

The Company will provide Shareholders with an update onthe status of the FFCTO as and when material updates become available.

ABOUT POWERTAP HYDROGEN CAPITAL CORP.

PowerTap Hydrogen Capital Corp., through its whollyowned subsidiary, PowerTap Hydrogen Fueling Corp. (“PowerTap”), is focused oninstalling hydrogen production and dispensing fueling infrastructurein the United States. PowerTap’s patented solution has been developed over 20 years.PowerTap is now commercializing its third-generation blue hydrogenproduct that will focus on the refueling needs of the automotive andlong-haul trucking markets that lack hydrogen fueling infrastructure.

www.PowerTapcapital.com

www.PowerTapfuels.com

PowerTap Hydrogen common shares arelisted on CBOE Canada Inc. Please visit the Company's profile athttps://www.neo.inc/en/live/security-activity/MOVE#!/market-depth

PowerTap Contact:

Raghu Kilambiraghu@hydrogenfueling.co

+1 (949) 284-7060

NEITHER CBOE CANADA INC. NOR ITSREGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITYFOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Notice Regarding Forward LookingInformation: This press release contains "forward-lookingstatements" or "forward-looking information"(collectively referred to herein as "forward-lookingstatements") within the meaning of applicable securitieslegislation. Forward-looking statements in this news release include,but are not limited to, statements, management’s beliefs,expectations or intentions regarding the delisting of the Company’scommon shares from Cbeo Canada Inc., the Company’s ability toresolve the outstanding cease trade order, the Company’s ability tolist its common shares on the Canadian Securities Exchange, thehydrogen extraction market and the general economy, the Company’sbusiness plans and strategy, including anticipated capital deploymentsand the timing thereof, and the Company’s ability to raisesufficient capital to funds its business plan.

Forward-looking statements are based onforecasts of future results, estimates of amounts not yet determinableand assumptions that while believed by management to be reasonable,are inherently subject to significant business, economic andcompetitive uncertainties and contingencies. Forward-lookingstatements are statements that are not historical facts and aregenerally, but not always, identified by the words"expects", "plans", "anticipates","believes", "intends", "estimates","projects", "potential" and similar expressions,or that events or conditions "will", "would","may", "could" or "should" occur or beachieved. Forward-looking information is based on currentexpectations, estimates and projections that involve a number ofrisks, which could cause actual results to vary and, in someinstances, to differ materially from those anticipated by the Companyand described in the forward-looking information contained in thispress release.

Although the Company believes that thematerial factors, expectations and assumptions expressed in suchforward-looking statements are reasonable based on informationavailable to it on the date such statements were made, no assurancescan be given as to future results, levels of activity and achievementsand such statements are not guarantees of future performance.

The forward-looking informationcontained in this release is expressly qualified by the foregoingcautionary statements and is made as of the date of this release.Except as may be required by applicable securities laws, the Companydoes not undertake any obligation to publicly update or revise anyforward-looking information to reflect events or circumstances afterthe date of this release or to reflect the occurrence of unanticipatedevents, whether as a result of new information, future events orresults, or otherwise