Vancouver, B.C., May 24, 2023 – Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) announces its hydrogen powered light commercial vehicle (LCV) has received praise from award-winning fleet management provider,  Rivus, for its “smooth and pleasant” driving experience. Rivus drivers noted the Company’s LCV’s capability  to manage greater ranges and refuel much faster than battery electric vehicles (BEV), which will help fleets  using this vehicle class to switch to meet zero emissions targets. Following initial journeys on roads in  Birmingham, the West Midlands and South Yorkshire, Rivus’ drivers have complimented the vehicle for its  “effortless” and “comfortable” driving. Drivers were particularly impressed with the LCV’s automatic  transmission, which they appraised as “easier than a petrol or diesel van to operate” as it does not require gear  changes and the vehicle is much quieter to run.  

Rivus, which manages approximately 120,000 vehicles, including approximately 85,000 LCVs, is the first  fleet management company to test drive the first-of-its-kind hydrogen vehicle on UK roads. During the month long trial, Rivus is taking the vehicle through duty cycles, where the van is being driven on planned routes  over different terrain at varying speeds unladen, transporting different payloads and with heating, air  conditioning and other ancillary vehicle functions turned on and off. Fleet management specialists Rivus will  use data gathered by First Hydrogen’s onboard telematics to make direct performance comparisons between  similar BEV and internal combustion engine (ICE) vehicles that have undertaken the same duty cycles. 

Part of a series of vehicle trials co-ordinated through the UK Aggregated Hydrogen Freight Consortium  (AHFC), the trials will see major fleets from industries including grocery, delivery, utilities, and healthcare,  use First Hydrogen’s LCV in real-world operations. 

Steve Gill, CEO Automotive at First Hydrogen comments: “We are pleased to hear the positive initial  reactions from Rivus’ drivers, especially around driving experience. The team has great insight into the needs  of our potential customers – commercial fleet managers and their drivers – who value a comfortable and easy  driving experience without the range and payload concerns often associated with other zero emission vehicle  technologies. Their feedback is helping us to improve the deployment of our demonstrator vehicles and  development for the vehicles we plan to bring to market.” 

Thomas Maerz, Chief Development Officer at Rivus, says: “It is no surprise that commercial drivers spend  most of their day behind the wheel; therefore, vehicles must be easy to drive and a provide a pleasant working  environment. Our team has been impressed with the First Hydrogen vehicle’s handling, how comfortable it is  and how smoothly it drives. We are very much looking forward to analysing the data collected during their  journeys to understand how vehicle performance matches driver experience.”

Allan Rushforth, First Hydrogen CCO – Mobility and Rivus drivers 

About First Hydrogen Corp. (FirstHydrogen.com) 

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles,  green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company  has designed and built hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under  two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+  kilometres. These vehicles are currently being trialed with an initial 16 fleet operators in the United Kingdom.  At the same time, the company has launched its bespoke vehicle design phase which will develop its fleet of  proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working with FEV  Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Company is also  pursuing opportunities in green hydrogen production and distribution in the UK, EU and North America.  

On behalf of the Board of Directors of  

FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Executive Officer

Contacts:

North America
Balraj Mann, Chairman & Chief Executive Officer
604-601-2018
investors@firsthydrogen.com

Europe
Nicholas Wrigley, Chairman  First Hydrogen Automotive
+44 7917-114434
Nicholas.Wrigley@firsthydrogen.com

Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.

The forward-looking statements made in this news release are based on management’s assumptions and analysis and other factors that may be drawn upon by management to form conclusions and make forecasts or projections, including management’s experience and assessments of historical trends, current conditions and expected future developments. Although management believes that these assumptions, analyses and assessments are reasonable at the time the statements contained in this news release are made, actual results may differ materially from those projected in any forward-looking statements. Examples of risks and factors that could cause actual results to materially differ from forward-looking statements may include: the timing and unpredictability of regulatory actions; regulatory, legislative, legal or other developments with respect to its operations or business; limited marketing and sales capabilities; early stage of the industry and product development; limited products; reliance on third parties; unfavourable publicity or consumer perception; general economic conditions and financial markets; the impact of increasing competition; the loss of key management personnel; capital requirements and liquidity; access to capital; the timing and amount of capital expenditures; the impact of COVID-19; shifts in the demand for First Hydrogen’s products and the size of the market; patent law reform; patent litigation and intellectual property; conflicts of interest; and general market and economic conditions.

The forward-looking information contained in this news release represents the expectations of First Hydrogen as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. First Hydrogen undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Vancouver, B.C., May 15, 2023 – Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) confirms its hydrogen-fuel cell powered light commercial vehicles (LCV) are performing even better than predicted. In the first phase of  commissioning, the Company’s LCVs accumulated 6,000km on UK roads, including mileage around  London’s M25 motorway. The data logging supports vehicle range simulations, which exceed a 500km range.  The vehicle is currently performing with excellent efficiency, including both urban, extra-urban (which  includes driving at higher speeds) and highway operations. First Hydrogen’s LCV fuel consumption figures  seen in many driving scenarios are under 2kg/100km, and in mostly urban driving this is 1.5kg/100km.  

First Hydrogen’s LCV demonstrates how hydrogen fuel can provide fleet managers with zero-emission vehicles that deliver the range, payloads, and fast refuelling times they require. The initial road tests confirm  that the hydrogen powertrain, which has a maximum power of 100kW, is powering the vehicle to continuously  run on UK public roads at the maximum speed limit.  

Steve Gill, CEO of First Hydrogen Automotive, says: “We’re thrilled that initial road testing has shown  that the vehicle is not only meeting performance requirements but exceeding the early expectations we set for  real world driving. The efficient fuel consumption means that our vehicle can go further on a single tank of  fuel. This will save drivers time with fewer refuelling stops and lower running costs, reducing Total Cost of  Ownership, which will make our LCVs more attractive to fleet operators and potential customers.”  

First Hydrogen’s vehicle route around London and the South East of England 

Evaluation is continuing during operational trials, which have commenced with fleet management provider,  Rivus. This is the first of a series of operator trials that will continue for the rest of the year with other blue-chip UK-based fleets. Mileage accumulation is enabling First Hydrogen to gather performance data, including  information on fuel consumption, to validate different vehicle operating parameters.  

Rivus’ drivers are testing the vehicle’s performance with different payloads around roads in Birmingham, the  West Midlands, and South Yorkshire. The trials will also draw direct comparisons between battery electric  and diesel or petrol-powered vehicles. Safety and security features installed in the vehicle enable First  Hydrogen’s team to monitor its location and ensure the vehicle can be maintained when required. There is also  reporting technology on board, so drivers and fleet managers can keep track of refuelling frequency and record  any damage or road incidents that may occur, providing added reassurance to fleet operators and drivers during  the trials.  

First Hydrogen’s vehicle performance during journey around London and the South East of England 

Onboard telematics and a GPS tracker upload vehicle data to the cloud, providing First Hydrogen’s engineers with close to real-time analysis, enabling them to monitor vehicle performance, prevent potential issues and ensure it is secure. These instruments will remain onboard throughout the commissioning process, which includes the programme of operational trials established with members of the UK Aggregated Hydrogen Freight Association (AHFC) including Rivus. The trials provide fleet operators with the opportunity to evaluate fuel cell electric vehicles (FCEV) alongside their own fleets in real-world operations.

About First Hydrogen Corp. (FirstHydrogen.com)
First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles,
green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company has designed and built hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+ kilometres. These vehicles are currently being trialed with an initial 16 fleet operators in the United Kingdom. At the same time, the company has launched its bespoke vehicle design phase which will develop its fleet of proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Company is also pursuing opportunities in green hydrogen production and distribution in the UK, EU and North America.

On behalf of the Board of Directors of

FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Executive Officer

Contacts:

North America
Balraj Mann, Chairman & Chief Executive Officer
604-601-2018
investors@firsthydrogen.com

Europe
Nicholas Wrigley, Chairman  First Hydrogen Automotive
+44 7917-114434
Nicholas.Wrigley@firsthydrogen.com

Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.

The forward-looking statements made in this news release are based on management’s assumptions and analysis and other factors that may be drawn upon by management to form conclusions and make forecasts or projections, including management’s experience and assessments of historical trends, current conditions and expected future developments. Although management believes that these assumptions, analyses and assessments are reasonable at the time the statements contained in this news release are made, actual results may differ materially from those projected in any forward-looking statements. Examples of risks and factors that could cause actual results to materially differ from forward-looking statements may include: the timing and unpredictability of regulatory actions; regulatory, legislative, legal or other developments with respect to its operations or business; limited marketing and sales capabilities; early stage of the industry and product development; limited products; reliance on third parties; unfavourable publicity or consumer perception; general economic conditions and financial markets; the impact of increasing competition; the loss of key management personnel; capital requirements and liquidity; access to capital; the timing and amount of capital expenditures; the impact of COVID-19; shifts in the demand for First Hydrogen’s products and the size of the market; patent law reform; patent litigation and intellectual property; conflicts of interest; and general market and economic conditions.

The forward-looking information contained in this news release represents the expectations of First Hydrogen as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. First Hydrogen undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Vancouver, B.C., May 9, 2023 – Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) entered into a letter of intent  (LOI) with the Université du Québec à Trois-Rivières (UQTR) – Hydrogen Research Institute (HRI) partnering to establish the sustainable energy transition development in the Province of Quebec. Under the  LOI, the Company will provide one of its hybrid fuel cell power trains, including the fuel cell module, to HRI,  allowing the institute to conduct comprehensive testing to collect valuable data and improve various  components, mechanisms, and the design of the power train. Also, HRI will collaborate with First Hydrogen  to develop a training program, tools, and protocols for engineers and technicians. This partnership aims to  support the maintenance of hydrogen-powered vehicles once they are on the road, potentially resulting in a  specific certification, the terms of which shall be further defined in a definitive agreement. 

The Company recently announced the purchase of two plots of land in the City of Shawinigan, where the  Company plans to produce up to 35 megawatts of green hydrogen using advanced electrolysis technology and  distribute the hydrogen within the Montreal-Quebec City corridor. The Company LCVs are planned to be  assembled in Shawinigan for distribution throughout North America. The assembly factory will be designed  for an annual production of 25,000 vehicles per year when at full capacity.  

The Company and HRI will jointly seek various funding opportunities from federal, provincial, and other  sources to support the research and development efforts of this partnership. The collaboration between First  Hydrogen and HRI signifies a major step towards a greener and more sustainable future in transportation, as  the two organizations work together to drive innovation in hydrogen fuel cell technology. The partnership will  bring together the industry expertise of First Hydrogen and the research capabilities of HRI, further solidifying  Québec’s position as a leader in hydrogen fuel cell development. 

Balraj Mann, First Hydrogen, Chairman & Group CEO, commented, “We are thrilled to partner with the  Université du Québec à Trois-Rivières’ Hydrogen Research Institute. By combing our industry  expertise with HRI’s research capabilities, not only will we work towards a greener and more  sustainable future in transportation, but we will also solidify Québec’s position as a global leader in  hydrogen development.”  

About First Hydrogen Corp. (FirstHydrogen.com) 

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles,  green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company  is designing and building hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under  two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+  kilometres. At the same time, the Company has launched its bespoke vehicle design phase which will develop  its fleet of proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working  with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. As well, the  Company is pursuing opportunities in green hydrogen production and distribution in the UK, EU and North  America.

On behalf of the Board of Directors of 

FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Executive Officer

Contacts:

North America
Balraj Mann, Chairman & Chief Executive Officer
604-601-2018
investors@firsthydrogen.com

Europe
Nicholas Wrigley, Chairman  First Hydrogen Automotive
+44 7917-114434
Nicholas.Wrigley@firsthydrogen.com

Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.

The forward-looking statements made in this news release are based on management’s assumptions and analysis and other factors that may be drawn upon by management to form conclusions and make forecasts or projections, including management’s experience and assessments of historical trends, current conditions and expected future developments. Although management believes that these assumptions, analyses and assessments are reasonable at the time the statements contained in this news release are made, actual results may differ materially from those projected in any forward-looking statements. Examples of risks and factors that could cause actual results to materially differ from forward-looking statements may include: the timing and unpredictability of regulatory actions; regulatory, legislative, legal or other developments with respect to its operations or business; limited marketing and sales capabilities; early stage of the industry and product development; limited products; reliance on third parties; unfavourable publicity or consumer perception; general economic conditions and financial markets; the impact of increasing competition; the loss of key management personnel; capital requirements and liquidity; access to capital; the timing and amount of capital expenditures; the impact of COVID-19; shifts in the demand for First Hydrogen’s products and the size of the market; patent law reform; patent litigation and intellectual property; conflicts of interest; and general market and economic conditions.

The forward-looking information contained in this news release represents the expectations of First Hydrogen as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. First Hydrogen undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Vancouver, B.C., May 2, 2023 – Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) announces the handover of  its hydrogen fuel cell powered vehicle (FCEV) after the successful completion of safety and mileage  accumulation tests. The Company’s FCEV has now been delivered to Rivus’ Support Centre in Birmingham,  UK. First Hydrogen’s engineers joined the Rivus team for driver training on April 27th and 28th. For the next  month, the FCEV will be driven on selected routes and over varied terrain around the Birmingham and South  Yorkshire. It will carry payloads of various sizes to measure vehicle performance on real-world conditions.  Rivus supports some of the UK’s largest and most critical fleets and manages approximately 120,000 vehicles,  including approximately 85,000 LCVs.  

Onboard instruments will collect valuable data on fuel consumption, mileage and vehicle efficiency. This  information will help First Hydrogen to optimise vehicle configuration and enhance Total Cost of Ownership  (TCO) data. Furthermore, Rivus will be able to directly compare First Hydrogen’s FCEV with battery electric  vehicles (BEV) and traditional internal combustion engine (ICE) vehicles when driving the same routes and under the same driving conditions. From its findings, Rivus will produce its own independent analysis of the  performance of First Hydrogen’s hydrogen-powered vehicle. The results are intended to provide Rivus  customers and fleet managers with insight into the benefits and practicality of hydrogen as an alternative fuel. 

First Hydrogen has also installed GPS and safety technology using a cloud-based system enabling its engineers  to access information on the vehicle’s use, location, and status in real-time. This will ensure the safety and  security of drivers as well as optimal vehicle performance in a range of driving conditions. 

The vehicle trials have been co-ordinated with the UK Aggregated Hydrogen Freight Consortium (AHFC), an  initial 16 major fleet operators from industries including grocery, delivery, utilities, and healthcare have  already registered an interest in taking part in the 12-18-month vehicle evaluation.  

Steve Gill, CEO Automotive at First Hydrogen comments: “We hope that the team at Rivus will enjoy  putting our vehicle through its paces and experiencing first-hand how zero emission technology can perform  in vehicles of this size. Rivus is experienced in working with fleet vehicles and supporting fleet managers  every day. We trust that their feedback will help us to make improvements and help us to create a zero 

emission mobility solution that meets fleet managers’ demands.”  

Thomas Maerz, Chief Development Officer at Rivus, says:

“Our Alternative Fuel team are eager to see  how the fuel cell LCV performs. We have designed several routes and duty cycles, which will test how  vehicles run under different driving conditions; First Hydrogen’s LCV will be undertaking the same exercises  we have completed with BEV and ICE vehicles allowing us to deliver accurate assessments on performance  to our customers. We can’t wait to get started!” 

Balraj Mann, First Hydrogen, Group CEO added,

“Over the past weeks and months, we went through and  accomplished a very positive development phase. Our dedicated team and partners worked hard to bring us  to where we are today. We are a step closer to a more sustainable future in transportation.”

First Hydrogen’s Allan Rushforth and Rivus team. 

About First Hydrogen Corp. (FirstHydrogen.com) 

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles,  green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company  has designed and built hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under  two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 400+  kilometres. These vehicles are currently being trialed with an initial 16 fleet operators in the United Kingdom.  At the same time, the company has launched its bespoke vehicle design phase which will develop its fleet of  proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working with FEV  Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Company is also  pursuing opportunities in green hydrogen production and distribution in the UK, EU and North America.  

On behalf of the Board of Directors of 

FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Executive Officer

Contacts:

North America
Balraj Mann, Chairman & Chief Executive Officer
604-601-2018
investors@firsthydrogen.com

Europe
Nicholas Wrigley, Chairman  First Hydrogen Automotive
+44 7917-114434
Nicholas.Wrigley@firsthydrogen.com

Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.

The forward-looking statements made in this news release are based on management’s assumptions and analysis and other factors that may be drawn upon by management to form conclusions and make forecasts or projections, including management’s experience and assessments of historical trends, current conditions and expected future developments. Although management believes that these assumptions, analyses and assessments are reasonable at the time the statements contained in this news release are made, actual results may differ materially from those projected in any forward-looking statements. Examples of risks and factors that could cause actual results to materially differ from forward-looking statements may include: the timing and unpredictability of regulatory actions; regulatory, legislative, legal or other developments with respect to its operations or business; limited marketing and sales capabilities; early stage of the industry and product development; limited products; reliance on third parties; unfavourable publicity or consumer perception; general economic conditions and financial markets; the impact of increasing competition; the loss of key management personnel; capital requirements and liquidity; access to capital; the timing and amount of capital expenditures; the impact of COVID-19; shifts in the demand for First Hydrogen’s products and the size of the market; patent law reform; patent litigation and intellectual property; conflicts of interest; and general market and economic conditions.

The forward-looking information contained in this news release represents the expectations of First Hydrogen as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. First Hydrogen undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Vancouver, B.C., May 4, 2023 – Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) announces that it has entered  into an agreement with the City of Shawinigan for the purchase of two plots of land. First Hydrogen’s  project plan is to produce up to 35MW of green hydrogen using advanced electrolysis technology  and distribute the hydrogen within the Montreal-Quebec City corridor for use with First Hydrogen’s  light commercial vehicles (LCV), as well as supporting other hydrogen-fuelled vehicles and  applications in the province. First Hydrogen LCVs are planned to be assembled in Shawinigan for  distribution throughout North America, in combination with the Company’s Hydrogen-as-a-Service  product offering. The assembly factory will be designed for an annual production of 25,000 vehicles  per year when at full capacity. Feasibility engineering and related site development activities will start once  the agreements are fully ratified by the city of Shawinigan municipal authorities, expected to be held sometime  in May. 

The Company previously announced that the City of Shawinigan, Quebec will be the location of its first green  hydrogen ecosystem, which will include facilities for green hydrogen production and the assembly of First  Hydrogen’s zero-emission commercial vehicles. In addition to supporting the Quebec Government’s Green  Hydrogen and Bioenergy Strategy, First Hydrogen’s plans strongly align with the future Energy Transition  Valley Innovation Zone and the Hydrogen Research Institute (IRH) of the University of Quebec at Trois 

Rivières. Feasibility engineering will be completed by mid-2024, enabling subsequent project development  steps for full project commercialization by 2026-27, aligning well with Provincial, Canadian and US emission  reduction plans.  

Balraj Mann, Chairman & CEO of First Hydrogen stated, “Shawinigan is the ideal place for us to establish  a hydrogen ecosystem. The city and region are very well positioned, with rich renewable energy resources,  developing industrial communities and a growing green energy economy. It will also be very important to  work closely with the regional education network to create the skills required for tomorrow. We are very happy  that Investissement Québec recommended Shawinigan to us and we project that our combined projects will  ultimately create hundreds of jobs for the region.”  

Luc Arvisais , Director of the Shawinigan Economic Development Department commented “After great  collaboration work between First Hydrogen and our economic development team, the company chose to  implement their hydrogen production project within the J. Armand Foucher Industrial Park in close proximity  to major Hydro Quebec substations and transmission lines that connect Shawinigan with extensive renewable  energy assets within the Province. The zero-emission vehicle project will be located in the Energy  Technopark. Both sites have sufficient space for the long-term growth of First Hydrogen’s North American  vehicle and hydrogen production plan.” 

About First Hydrogen Corp. (FirstHydrogen.com) 

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company  has designed and built hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under  two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 400+  kilometres. These vehicles are currently being trialed with an initial 16 fleet operators in the United Kingdom. 

At the same time, the company has launched its bespoke vehicle design phase which will develop its fleet of  proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working with FEV  Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. The Company is also  pursuing opportunities in green hydrogen production and distribution in the UK, EU and North America.  

On behalf of the Board of Directors of

FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Executive Officer

Contacts:

North America
Balraj Mann, Chairman & Chief Executive Officer
604-601-2018
investors@firsthydrogen.com

Europe
Nicholas Wrigley, Chairman  First Hydrogen Automotive
+44 7917-114434
Nicholas.Wrigley@firsthydrogen.com

Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.

The forward-looking statements made in this news release are based on management’s assumptions and analysis and other factors that may be drawn upon by management to form conclusions and make forecasts or projections, including management’s experience and assessments of historical trends, current conditions and expected future developments. Although management believes that these assumptions, analyses and assessments are reasonable at the time the statements contained in this news release are made, actual results may differ materially from those projected in any forward-looking statements. Examples of risks and factors that could cause actual results to materially differ from forward-looking statements may include: the timing and unpredictability of regulatory actions; regulatory, legislative, legal or other developments with respect to its operations or business; limited marketing and sales capabilities; early stage of the industry and product development; limited products; reliance on third parties; unfavourable publicity or consumer perception; general economic conditions and financial markets; the impact of increasing competition; the loss of key management personnel; capital requirements and liquidity; access to capital; the timing and amount of capital expenditures; the impact of COVID-19; shifts in the demand for First Hydrogen’s products and the size of the market; patent law reform; patent litigation and intellectual property; conflicts of interest; and general market and economic conditions.

The forward-looking information contained in this news release represents the expectations of First Hydrogen as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. First Hydrogen undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Vancouver, B.C., April 17, 2023 – Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) releases its vision for a zero emission Recreational Vehicle (RV) as it explores the applications for alternative fuels across different vehicle  classes. Designed to have spacious living quarters, a large front windshield and good ground clearance, the  campervan concept prioritises driver comfort and experience. The RV concept illustrates how First Hydrogen  is exploring how fuel cell electric technology could be applied to larger vehicles. 

The concept has been developed in partnership with global mobility experts EDAG Group. The release follows  the reveal of First Hydrogen’s concept for its Generation II light commercial vehicle (LCV). The Company  is also developing concepts for vehicles with a winch or towing capability and that have trailers or cargo boxes. 

Benefits of hydrogen for leisure vehicles 

Fuel cell electric vehicles (FCEVs) can cover larger ranges and manage heavier payloads loads than equivalent  battery electric vehicles (BEVs); attributes that are attractive for the recreational vehicle market. RVs travel  long distances, often into the wilderness away from refuelling or charging infrastructure, making long range  especially appealing. Refuelling a FCEV takes mere minutes, approximately the same amount of time as a  petrol or diesel vehicle, whereas recharging electric vehicles can take hours, which inhibits the freedom that  van life demands. Additionally, in the same way that delivery vans might need to run refrigeration units and  emergency vehicles power medical equipment; recreational vehicles run auxiliary loads such as cookers and water boilers, applications suited to FCEVs. BEVs require more battery cells to power these loads, adding to  overall vehicle weight, depleting the vehicles’ energy more quickly.  

The recreational vehicle market 

The market for recreational vehicles has grown hugely in the past few years, the North American market was  valued at US$56.29 billion in 2022 and is anticipated to reach US$107.6 billion by 20321. Similarly, the  European leisure market is growing, with record sales of 260,000 new vehicles in 2021 and sustained high  demand in 2022, with vehicle sales slightly reduced due to availability and issues in the global supply chain2.  Typically, leisure vehicle drivers are more environmentally conscious and already adopting hybrid vehicles or  greener fuel alternatives such as biofuels to reduce their carbon footprint. First Hydrogen sees an opportunity  for hydrogen-powered vehicles to support this growing market reach zero emissions alongside commercial  vehicle sectors.  

The news follows the announcement that First Hydrogen is successfully starting 12-18-month-long  commercial vehicle trials with its Generation I fuel cell LCV. In collaboration with the UK Aggregated  Hydrogen Freight Consortium (AHFC), road trials are commencing with award-winning fleet management  company, Rivus. 

Steve Gill, CEO of Automotive for First Hydrogen, says:

“The First Hydrogen campervan is an example  of how we see hydrogen fuel cell and other electric vehicle technologies having wider applications. We are  successfully demonstrating the potential fuel cell technology has in the LCV class but are exploring how the  technology can benefit other sectors including leisure vehicles. Connecting with nature is incredibly important  for recreational vehicle owners and this concept indicates how a hydrogen vehicle could help people preserve  the environment while enjoying van life.”  

Bernat Costa, Design Director at EDAG Spain, comments:

“The design for the camper shares similar  design principles with the Generation II series; it is a clean, modern look that prioritises function and  acknowledges the van’s green fuel technology. It also shares the daytime-running light configuration, which  makes the campervan instantly recognisable as a First Hydrogen vehicle. Ultimately, it incorporates features  that are desirable for leisure vehicles, such as good vehicle lighting, which is especially useful for vehicle  visibility when parked on the roadside or as a source of light when camped away from civilisation.” 

1 Prophecy Market Insights, January 2023 

2 European Caravan Federation 

Marketing  

The Company has engaged BTV – Business Television to improve exposure to capital markets. The  engagement is for a period of six weeks, as consideration, the Company has agreed to pay a fee of  $52,090. BTV is a TV production and Digital Marketing Agency that helps issuers increase their brand  awareness to a national retail and institutional investor audience through unique offerings. Services provided  under the contract with First Hydrogen include digital marketing on well-known financial online platforms,  and national television broadcast on BNN Bloomberg and FOX Business News. To the company’s  knowledge, BTV does not have any direct interest in the company or its securities. 

About First Hydrogen Corp. (FirstHydrogen.com) 

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles,  green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company  is designing and building hydrogen-fuel-cell-powered light commercial demonstrator vehicles (“LCV”) under  two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+  kilometres. At the same time, the Company has launched its bespoke vehicle design phase which will develop  its fleet of proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working  with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. As well, the Company is pursuing opportunities in green hydrogen production and distribution in the UK, EU and North  America. 

About EDAG Group (EDAG.com) 

EDAG Group is the world’s largest independent engineering service provider to the global mobility industry.  We regard mobility as a fully integrated ecosystem, and offer our customers technological solutions for more  sustainable, emission-free and intelligently networked mobility. With a global network of some 60 branches,  EDAG Group provides engineering services in the Vehicle Engineering, Electrics/Electronics and Production  Solutions segments. 

With our interdisciplinary expertise in the fields of software and digitalization, we possess the key skills to  help actively shape the dynamic transformation process the mobility industry is currently undergoing. Digital  features, autonomous driving, artificial intelligence, alternative powertrains, new mobility concepts and the  vision of a networked smart city have become an integral part of our portfolio. Embedded in EDAG’s own  360° degree approach to the development of complete vehicles and production facilities, we are a competent  partner for sustainable mobility projects. It is in the DNA of the company to actively shape the future of  mobility and transfer new technologies and concepts into series production. Today, EDAG is one of the TOP  20 IT service providers in the German mobility sector. 

Our customers include leading international OEMs, tier 1 suppliers and startup companies from the automotive  and non-automotive industries, all of whom we serve globally with our workforce of approximately 8,000  experts in 360-degree engineering. 

In 2021, EDAG generated sales of €687 million and at December 31, 2021, EDAG employed a global  workforce of 7,880 (including apprentices). 

On behalf of the Board of Directors of  

FIRST HYDROGEN CORP.
“Balraj Mann”
Chairman & Chief Executive Officer

Contacts:

North America
Balraj Mann, Chairman & Chief Executive Officer
604-601-2018
investors@firsthydrogen.com

Europe
Nicholas Wrigley, Chairman  First Hydrogen Automotive
+44 7917-114434
Nicholas.Wrigley@firsthydrogen.com

Cautionary Note Regarding Forward-Looking Statements This news release contains information or statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Forward looking information may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, milestones, strategies and outlook of First Hydrogen, and includes statements about, among other things, future developments and the future operations, strengths and strategies of First Hydrogen. Forward looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements should not be read as guarantees of future performance or results.

The forward-looking statements made in this news release are based on management’s assumptions and analysis and other factors that may be drawn upon by management to form conclusions and make forecasts or projections, including management’s experience and assessments of historical trends, current conditions and expected future developments. Although management believes that these assumptions, analyses and assessments are reasonable at the time the statements contained in this news release are made, actual results may differ materially from those projected in any forward-looking statements. Examples of risks and factors that could cause actual results to materially differ from forward-looking statements may include: the timing and unpredictability of regulatory actions; regulatory, legislative, legal or other developments with respect to its operations or business; limited marketing and sales capabilities; early stage of the industry and product development; limited products; reliance on third parties; unfavourable publicity or consumer perception; general economic conditions and financial markets; the impact of increasing competition; the loss of key management personnel; capital requirements and liquidity; access to capital; the timing and amount of capital expenditures; the impact of COVID-19; shifts in the demand for First Hydrogen’s products and the size of the market; patent law reform; patent litigation and intellectual property; conflicts of interest; and general market and economic conditions.

The forward-looking information contained in this news release represents the expectations of First Hydrogen as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. First Hydrogen undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.