Mr. Lauder is a highly experienced mine and exploration geologist with over 25 years of expertise in designing, implementing, and managing underground and surface exploration programs. He has held senior roles at top-tier mining and exploration companies across Canada and West Africa, contributing to major discoveries and resource development. Most recently, he has applied his extensive geological knowledge to hydrogen exploration in Quebec, Ontario, and the U.S., aligning directly with Primary Hydrogen’s strategic focus.

Mr. Lauder played a pivotal role in advancing Goldcorp’s Eleonore Project in Quebec, overseeing exploration activities from feasibility through to full production. His career includes senior positions with Endeavour Mining (Siou Mine), IAMGOLD (Westwood Mine), Hecla Mining (Casa Berardi Mine), Placer Dome (Timmins), and BHP Canada. More recently, he served as Quebec Exploration Manager for Wallbridge Mining’s Northern Fenelon Project. With expertise in 3D geological modeling and database management, he brings a strong technical foundation to his new role at Primary Hydrogen.

“We are thrilled to welcome Peter Lauder to our executive team,” said Benjamin Asuncion, CEO of Primary Hydrogen Corp. “His extensive experience in both mineral and hydrogen exploration will be instrumental in advancing our portfolio of natural hydrogen projects and driving the Company’s growth.”

In his new role, Mr. Lauder will oversee all exploration activities, including project evaluation, geological assessments, and strategic planning to accelerate the discovery and development of natural hydrogen resources.

“I am excited to join Primary Hydrogen at such a pivotal time,” said Mr. Lauder. “The potential of natural hydrogen as a clean energy source is immense, and I look forward to contributing to the Company’s efforts in leading the exploration and development of this emerging resource.”

In connection with his appointment, Mr. Lauder has been granted 400,000 incentive stock options (the “Options”). Each Option is exercisable to acquire one common share at $0.50 for five years and will vest in four equal instalments over 12 months.

Engagement of Market Maker

The Company has, subject to regulatory approval, retained Venture Liquidity Providers Inc. (VLP) to initiate its market-making service to provide assistance in maintaining an orderly trading market for the common shares of the Company.

The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the TSX Venture Exchange and other applicable laws. For its services, the Company has agreed to pay VLP C$5,000 per month. The agreement may be terminated at any time by the Company or VLP. The Company and VLP act at arm’s length, and VLP has no present interest, directly or indirectly, in the Company or its securities. The finances and common shares required for the market-making service are provided by W.D. Latimer. The fee paid by the Company to VLP is for services only.

VLP is a specialized consulting firm based in Toronto providing a variety of services focused on TSX-V-listed issuers.

About Primary Hydrogen Corp.

Primary Hydrogen is committed to pioneering the natural hydrogen sector, leveraging cutting-edge exploration techniques to identify and develop sustainable energy solutions. The Company has an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in British Columbia. The Company also holds the Arthur Lake copper project in British Columbia.

——

FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved.

Although the Company believes, in light of the experience of their officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this news release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion and analysis filed under the Company’s SEDAR+ profile at www.sedarplus.ca. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

“The quotation on both the FSE and the OTCQB is anticipated to increase visibility and accessibility in the United States and European markets”, commented Benjamin Asuncion, CEO of Primary. “The focus in cross listing the Company’s securities was aimed at increasing the shareholder base and liquidity, in addition to making the shares more accessible to investors around the world”.

Frankfurt Stock Exchange

The FSE is operated by Deutsche Börse AG and is based in Frankfurt, Germany. The FSE connects companies to a wide network of international investors, offering high liquidity and a transparent regulatory environment. It grants companies with access to European and global capital markets, creating significant opportunities to expand their investor base. The FSE is one of the world’s largest (behind only the Nasdaq Stock Market and the New York Stock Exchange) organized exchange-trading markets in terms of turnover and dealings in securities. The listing of the Shares on the FSE is expected to broaden the awareness of, and facilitate investment in, Primary by European investors in major financial hubs through its FSE listing.

OTCQB Venture Market

The OTCQB Venture Market provides an established platform for early-stage and growth companies to enhance their visibility in the United States market. Companies listed on OTCQB must meet rigorous reporting standards, undergo annual verification, and comply with management certification requirements, providing investors with a trusted market for trading. Real-time quotes and market information on Primary can be found at www.otcmarkets.com. The Company’s shares are also eligible for electronic clearing and settlement in the United States through the Depository Trust Company (“DTC”).

Depository Trust Company

DTC eligibility reduces costs and accelerates the settlement process for investors and brokers in the United States, allowing the Shares to be traded more easily across a wider range of U.S. brokerage firms by fulfilling their compliance requirements.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a natural hydrogen exploration company with an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in British Columbia. The Company also holds the Arthur Lake copper project in British Columbia.

——

FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this news release includes, but is not limited to, the anticipated effects of the Shares’ quotation on the FSE and OTCQB.

Although the Company believes, in light of the experience of their officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this news release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, the risk that the quotation of the Shares on the FSE and the OTCQB do not have the anticipated effects, inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion and analysis filed under the Company’s SEDAR+ profile at www.sedarplus.ca. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

Ms. Veljovic provides accounting services to public companies through Treewalk Consulting Inc., a growing professional services advisory firm in Vancouver, British Columbia. Prior to her time at Treewalk Consulting Inc., Ms. Veljovic worked as an accounting technician with Focus LLP, a public accounting firm in the Calgary, AB market, supporting with taxation services for private companies and individuals.

The Company also announces the granting of 150,000 incentive stock options to Ms. Veljovic, which will vest in four equal tranches over 12 months, and the grant of 65,000 incentive stock options to a consultant of the Company, which will vest immediately. Each incentive stock option is exercisable to acquire one common share of the Company at an exercise price $0.48 for a period of five years from the date of grant.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a natural hydrogen exploration company with an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in BC. The Company also holds the Arthur Lake copper project in British Columbia.

——

FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

Each FT Unit consists of one common share of the Company (a “FT Share”) issued as a “flow-through share” within the meaning of within the meaning of the Income Tax Act (Canada) and one half of a common share purchase warrant (each whole warrant, a “Warrant”) each of which is exercisable to acquire one common share for 18 months following closing at an exercise price of $0.55.

Proceeds from the Private Placement will be used to incur “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act (Canada) on the Company’s properties. All securities issued pursuant to the Private Placement are subject to a statutory four month hold period expiring on April 21, 2025.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a natural hydrogen exploration company with an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in BC. The Company also holds the Arthur Lake copper project in British Columbia.

——

FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to, inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

Each FT Unit consists of one common share of the Company (a “FT Share”) to be issued as a “flow-through share” within the meaning of within the meaning of the Income Tax Act (Canada) and one half of a common share purchase warrant (each whole warrant, a “Warrant”) each of which is exercisable to acquire one common share for 18 months following closing at an exercise price of $0.55.

Proceeds from the Private Placement be used to incur “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act (Canada) on the Company’s properties.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a natural hydrogen exploration company with an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in BC. The Company also holds the Arthur Lake copper project in British Columbia.

——

FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this press release include, amongst others, the Company’s ability to complete the Private Placement on the terms proposed or at all and the use of proceeds of the Private Placement. Such statements and information reflect the current view of the Company. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including, but not limited to the assumption that the TSX Venture Exchange will approve the Private Placement and the assumption that Company will be able to locate purchasers for the Private Placement.

These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to: the risk that the TSX Venture Exchange will not approve the Private Placement, the risk that the Company will not be able to locate suitable purchasers for the Private Placement, management’s discretion to reallocate proceeds of the Private Placement and inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

“Being one of the first focused indices of its kind, the inclusion into the NatH2 Index increases our visibility and exposure to investors, namely in Europe and abroad,” commented Benjamin Asuncion, CEO of Primary Hydrogen.

“We welcome Primary Hydrogen to the NatH2 Index. Since shifting its focus to natural hydrogen, the Company has quickly hit the ground running, acquiring a portfolio of prospects and raising an impressive amount of capital – especially compared to industry peers – to further its natural hydrogen ambitions. All in all, the Company’s focus and determination easily secures its place among the 10 companies in the NatH2 Index,” stated Morten Stahl, Industry Expert and Editor of NatH2investing.com.

About The NatH2 Index

The NatH2 Index, provided by NatH2investing.com, is a platform dedicated to covering investment opportunities in the emerging natural hydrogen industry. The NatH2 Index is an equal-weighted index comprising ten publicly traded companies that currently offer the highest exposure to natural hydrogen, measured as an estimated percentage of their overall activities. It is denominated in USD and is updated every weekend using Friday’s closing prices.

NatH2investing.com is an affiliate of Natural Hydrogen Ventures (NHV), the world’s first investment fund specializing exclusively in natural hydrogen. NHV’s investment activities are limited to private companies, distinct from the publicly traded companies featured in the NatH2 Index.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a natural hydrogen exploration company with an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in BC. The Company also holds the Arthur Lake copper project in British Columbia.

—

FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release includes certain statements and information that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to any statements relating to the presence of naturally occurring hydrogen on the Company’s projects. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement or forward-looking information contained herein, except in accordance with applicable securities laws.

“The addition of three projects in British Columbia further bolsters our portfolio and positions the Company as one of the preeminent hydrogen-focused explorers in Canada” commented Benjamin Asuncion, CEO of Primary Hydrogen Corp. “The combination of deep-seated faults coupled with the presence of ultramafic rock formations enhances the likelihood of hydrogen production and accumulation within these projects.”

Figure 1: Property Location Map

Crooked Amphibolite H₂ Project

The Crooked Amphibolite project is comprised of 100 mineral claims covering an area of 2,004.52 hectares (20.0 km²) located in the Kamloops Mining Division of British Columbia. The Crooked Amphibolite project is part of a high-grade metamorphic complex, consisting of amphibolites derived from mafic volcanic rocks. These rocks have been heavily metamorphosed, and in association with ultramafic intrusions, there is potential for serpentinization processes to occur. The region is characterized by significant deformation, with deep-seated faults running through the area, which act as conduits for the migration of hydrogen from deeper-seated sources. The prospectivity for NOH is highlighted by the presence of amphibolites and ultramafic rocks, along with significant faulting, which provides a number of environments for serpentinization to occur.

Coquihalla H₂ Project

The Coquihalla project is comprised of 34 mineral claims covering an area of 709.65 hectares (7.1 km²) located in the New Westminster Mining Division of British Columbia. The Coquihalla project is composed predominantly of serpentinized ultramafic rocks, which are a key indicator of NOH potential, as the serpentinization process (when ultramafic rocks react with water) is a well-established source of hydrogen. The underlying geology is structurally complex, with major thrust faults and strike-slip faults crisscrossing the region, which act as both migration pathways and potential accumulation mechanisms for hydrogen.

Cogburn H₂ Project

The Cogburn project is comprised of 30 mineral claims covering an area of 631.80 hectares (6.3 km²) located in the New Westminster Mining Division of British Columbia. The Cogburn project, located in southwestern British Columbia, consists of a mixture of ultramafic and mafic rocks, including serpentinites. These rocks are part of the Cache Creek Terrane and are known to undergo serpentinization, a key process for hydrogen generation. The project is also intersected by several regional fault systems that could serve as potential migration paths for hydrogen from deep crustal sources. The prospectivity of the project is highlighted by the large volumes of ultramafic rocks coupled with significant faulting, providing an environment for the generation of natural hydrogen.

R. Tim Henneberry, P.Geo. (BC) and a consultant to Primary Hydrogen Corp. is the Qualified Person under National Instrument 43-101 who has reviewed and approved the technical content of this news release.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a natural hydrogen exploration company with an extensive portfolio of properties covering over 210 square kilometres across Canada including the Blakelock and Hopkins projects in Ontario, the Mary’s Harbour project in Labrador, the Point Rosie project in Newfoundland, and the Crooked Amphibolite, Coquihalla, and Cogburn projects in BC. The Company also holds the Arthur Lake copper project in British Columbia.

——

FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
This news release includes certain statements and information that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to any statements relating to the presence of naturally occurring hydrogen on the Company’s projects. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement or forward-looking information contained herein, except in accordance with applicable securities laws.

The U.S. Department of Energy is funding research to harness this resource, with projects focused on optimizing the natural production process and making it economically viable.

The Promise of Geologic Hydrogen

Hydrogen, the most abundant element in the universe, is typically found bound with other elements—for instance, with oxygen in water or with carbon in methane. However, the discovery of naturally occurring underground pockets of pure hydrogen is challenging this assumption. These hidden reserves are attracting attention as a potentially limitless source of carbon-free energy.

The U.S. Department of Energy is among those taking notice. This year, it awarded $20 million in research grants to 18 teams from laboratories, universities, and private companies. The goal: to develop technologies that can produce cost-effective, clean fuel from underground hydrogen sources.

“The acquisition of these two projects in Atlantic Canada represents the execution of our organic growth strategy of building a diversified portfolio of prospective hydrogen projects throughout Canada. These were identified based on prospective geology that was interpreted and evaluated by our industry-leading consultants who were also involved in the first commercial hydrogen discovery in Mali.” commented Benjamin Asuncion, CEO of Primary Hydrogen. “This region is compelling due to the regional geology associated with each project, in addition to Federal and Provincial Government support for the development of hydrogen and related infrastructure in the province.”

Figure 1: Property Location Map

Mary’s Harbour H₂ Project

The Mary’s Harbour hydrogen project is comprised of 131 claims covering an area of 32.6 square kilometres. Mary’s Harbour is located along the southeastern Labrador coast, characterized by mafic to ultramafic rocks associated with the Grenville Province. The region contains gabbros, pyroxenites, and peridotites, which are conducive to serpentinization and hydrogen generation. The area is intersected by several fault systems, including deep-seated thrust faults, which provide potential conduits for hydrogen migration from deeper crustal levels. The structural complexity of the region suggests the possibility of both hydrogen generation and accumulation: as ultramafic rocks and serpentinization provides the basis for hydrogen generation with faulting facilitating the accumulation and migration of generated hydrogen.

Point Rosie H₂ Project

The Point Rosie hydrogen project is comprised of 211 claims covering an area of 52.6 square kilometres. Point Rosie is located on the southern coast of Newfoundland, within a region characterized by mafic intrusions and volcanic sequences. This area is known for its extensive mafic dikes and sills, which are ideal candidates for serpentinization and hydrogen production. The region contains several prominent fault zones, particularly along the contact between mafic intrusions and older basement rocks, which serve as potential migration pathways for hydrogen originating from deep crustal or mantle sources. The presence of mafic intrusive rocks and faulting allows for serpentinization to occur along faulted contacts and for hydrogen to migrate through the fractured mafic rock units.

R. Tim Henneberry, P.Geo. (BC) and a consultant to Primary Hydrogen Corp. is the Qualified Person under National Instrument 43-101 who has reviewed and approved the technical content of this news release.

Engagement of Euro Digital Media Ltd.

The Company also announces that it has engaged Euro Digital Media Ltd. (“Euro Digital“) (address 71-75 Shelton Street, Covent Garden, London UK WC2H 9JQ) to perform marketing services for a term of up to 12 months commencing on December 1, 2024.

Euro Digital will create campaigns, ad groups, text ads, display ads, perform detailed keyword research, setup and manage remarketing campaigns, optimize keyword options, coordinate online advertisers and marketers corresponding to online marketing targets, create landing pages for ad campaigns and generally bring attention to the business of the Company.

The Company will pay a fee of USD $500,000 to Euro Digital for the services. The principal of Euro Digital is Harry Kudan. The Company will not issue any securities to Euro Digital as compensation for its marketing services. As of the date hereof, to the Company’s knowledge, Euro Digital (including its principal) does not own any securities of the Company and has an arm’s length relationship with the Company.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a mineral exploration company currently focused on its Blakelock hydrogen project in Ontario and Arthur Lake Copper project in British Columbia. The Blakelock Hydrogen Project is comprised of 109 mineral claims covering 2,207 hectares in the Larder Lake Mining Division of Northern Ontario. The Arthur Lake Copper Project is comprised of 1,050 hectares near Vanderhoof, British Columbia.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Tel: 604-377-1597
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
This news release includes certain statements and information that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to any statements relating to the presence of naturally occurring hydrogen on the Company’s projects. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement or forward-looking information contained herein, except in accordance with applicable securities laws.

“The acquisition of the Hopkins H₂ Project demonstrates the continued commitment to our growth strategy of assembling a diversified portfolio of highly-prospective hydrogen projects throughout Canada,” commented Benjamin Asuncion, CEO of Primary Hydrogen. “Grounded on solid geologic fundamentals and leveraging off of extensive exploration in the region, this project has the potential to host numerous sources of naturally-occurring hydrogen. Additionally, the presence of forest rings on the margins of identified intrusive complexes and along major NE trending faults highlights the potential of gas or fluid percolation to the surface.”

Hopkins H₂ Project

The Hopkins H₂ Project is comprised of 31 mineral claims covering an area of 6,920 hectares (69.2 km²) located 35 kilometres north of Kapuskasing, Ontario. The project is accessible via the Trans Canada Highway and has an extensive network of secondary gravel and logging roads throughout. Based on local and regional geology, the potential for naturally-occurring hydrogen (NOH) is present through both serpentinization and radiolysis, which is further encouraged by the presence of a number of ‘forest ring’ features which may be indicative of gas and fluid percolation to the surface.

The exploration target on the project are structures near alkali intrusives which are associated with the mid-continent rift. The Project is adjacent to the Clay-Howells Alkali carbonatite intrusive, which is host to a rare earth element, thorium and iron resource¹. Given the radiogenic nature of the intrusive, this has the potential to produce naturally occurring hydrogen (NOH) through radiolysis. The intrusives are associated with northeast trending regional faults that are likely linked to their emplacement, which may serve as a conduit for deeper seeded fluids and gasses. Additionally, the presence of magnetite or iron-rich rocks such as olivine have the potential to generate hydrogen through the interaction with water during oxidation and radiolysis.

Figure 1: HOPKINS PROJECT MAP

R. Tim Henneberry, P.Geo. (BC) and a consultant to Primary Hydrogen Corp. is the Qualified Person under National Instrument 43-101 who has reviewed and approved the technical content of this news release.

Transaction Terms

Under the terms of the Mining Claims Purchase Agreement (the “Acquisition Agreement”), the Company is acquiring a 100% interest in the Hopkins H₂ Project for consideration of C$96,000 and 450,000 common shares. The Vendors have been granted a 1.5% net smelter returns royalty (NSR) on the Hopkins H₂ Project of which half (0.75%) can be repurchased by the Company for C$750,000. The proposed acquisition remains subject to customary conditions of closing, including the approval of the TSX Venture Exchange. The common shares issued under the Acquisition Agreement will be subject to a four-month statutory hold period in accordance with applicable securities laws.

About Primary Hydrogen Corp.

Primary Hydrogen Corp. is a mineral exploration company currently focused on its Blakelock hydrogen project in Ontario and Arthur Lake Copper project in British Columbia. The Blakelock Hydrogen Project is comprised of 109 mineral claims covering 2,207 hectares in the Larder Lake Mining Division of Northern Ontario. The Arthur Lake Copper Project is comprised of 1,050 hectares near Vanderhoof, British Columbia.

——

FOR FURTHER INFORMATION PLEASE CONTACT:

Ben Asuncion
Chief Executive Officer
Primary Hydrogen Corp.
Tel: 604-377-1597
Email: ben@primaryh2.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
This news release includes certain statements and information that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance are forward-looking statements and contain forward-looking information, including, but not limited to, the completion of the Proposed Transaction and the presence of naturally occurring hydrogen on the Hopkins H₂ Project. Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this news release, including, but not limited to the assumption that all conditions to completion of the acquisition of the Hopkins H₂ Project will be satisfied, including TSX Venture Exchange approval. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including, but not limited to: the risk that the TSX Venture Exchange will not approve the proposed acquisition, risks associated with exploration of Hopkins H₂ Project including, without limitation, risks associated with the evolving legal landscape on the exploration and extraction of hydrogen in the Province of Ontario, including the risk that the Province of Ontario may determine that the exploration and exploitation of hydrogen is not properly characterized as the exploration of and exploitation of a mineral, as well the inherent risks associated with the mining industry and the results of exploration activities and development of mineral properties, stock market volatility and capital market fluctuations, general market and industry conditions, as well as those risk factors discussed in the Company’s most recently filed management’s discussion & analysis.

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¹ NI 43-101 Technical Report on the Clay-Howells Fe-REE Project, Ontario, Canada by Tetra Tech Wardrop dated September 26, 2011