Toronto, ON – AmmPower Corp. (CSE: AMMP) (OTCQB: AMMPF) (FSE: 601A) (the “Company” or “AmmPower”) is pleased to announce, further to its news release dated September 15, 2022, that it has closed the first tranche of its non-brokered private placement (the “Offering”), having issued 4,769,739 units (each a “Unit”) at a price of $0.23 per Unit, for gross proceeds of $1,097,039.97. Each Unit is comprised of one common share of the Company