AmmPower Announces the Appointment of Greg Barranger to the Position of Vice President, Operations of its IAMM™ Division

Toronto, ON – AmmPower Corp. (CSE: AMMP) (OTCQB: AMMPF) (FSE: 601A) (the “Company” or “AmmPower”) is pleased to announce the appointment of Greg Barranger to the position of Vice President of its Independent Ammonia Making Machine™ (“IAMM™”) Division, effective February 2, 2023.

As General Manager of the IAMM™ Division, Mr. Barranger has led his team to design AmmPower’s innovative, 4 metric ton per day, green ammonia IAMM™ unit (the “IAMM™ Unit”). As part of the process, Mr. Barranger and his team has also designed, built and tested a smaller ammonia production unit in order to validate the small production unit concept. This was accomplished in approximately a year and a half. Creation of the IAMM™ Unit will establish AmmPower as the global leader in small, modular, economically feasible and decentralized green ammonia production products & technology. AmmPower has patents pending for several aspects of the IAMM™ Unit design.

“Mr. Barranger has done an outstanding job of bringing the IAMM™ Unit product to life. The IAMM™ concept of economical, distributed, green ammonia production is a major disruptor in the way ammonia is produced and transported,” stated Dr. Gary Benninger, AmmPower CEO and Executive Chairman.

The target market for AmmPower’s IAMM™ Units are independent distributors and retailers of anhydrous ammonia used for fertilizer. However, AmmPower has recently received numerous inquiries from industry looking for ways to bring the ammonia production in-house. AmmPower is anticipating the delivery of IAMM™ Units later this calendar year.

On Behalf of the Board of Directors

Gary Benninger, Ph.D.

Chief Executive Officer

About AmmPower

AmmPower is a clean energy company focused on the production of green ammonia. The Company is based in Toronto, Ontario, with a research and manufacturing facility in Southeast Michigan. The company is active in all facets of green ammonia production, including the production of green fertilizers, carbon free shipping fuel, and the ‘cracking’, or moving of green hydrogen as ammonia. The company is working on the development of proprietary technologies to produce green ammonia and green hydrogen at scale, including the investigation of unique catalytic reactions to bring down costs and to take advantage of carbon credits in the renewable energy space. AmmPower currently holds several LOIs with ports in Brazil, the United States, and is currently completing its IAMM™ prototype to create green ammonia for the agricultural industry. The company also holds a lithium exploration property in the James Bay/Eeyou Istche region of Quebec and an option on the Titan Property located in Klotz Lake area in Northwestern Ontario.

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Forward-Looking Statements

This news release includes forward-looking statements that are subject to risks and uncertainties, including with respect to the Company’s development of proprietary technologies. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections, or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.