First Hydrogen To Build Left-Hand Drive Fcev For European Market

First Hydrogen To Build Left-Hand Drive Fcev For European Market

Vancouver, B.C., July 24, 2024 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to report further  to the four successful trials of the Company’s green hydrogen-powered fuel cell light commercial vehicle  (FCEV) in the U.K., the Company will be configuring a left-hand drive model expanding its global market  reach. The left-hand drive FCEV will allow the Company to showcase the FCEV in the United States, Mexico,  South America and, in particular, Europe. Currently, the European Union (“EU”) is diversifying its energy  sources and its dependence on fossil fuels. The European Commission (the “Commission”) has approved four  waves of hydrogen Integrated Projects of Common European Interest (“IPCEIs”), aiming to raise €43 billion  to support more than 120 projects involving approximately 100 European companies.  

The projects cover the hydrogen ecosystem from production, import, transportation and end-use, as the EU  strives to become the first climate-neutral continent by 2050. The Commission will intensify its cooperation  with international partners on clean hydrogen deployment and the development of hydrogen markets. An  additional €200 million invested by the Commission will be used to support hydrogen ecosystems in specific  geographical areas, such as ports, industrial zones, airports, etc.), also known as hydrogen valleys.  

In the United States, California is the first American state to launch a hydrogen hub, supported by funding  from the United States Department of Energy (DOE) as part of the Biden Administration’s program to finance  seven hydrogen hubs across the U.S. The U.S. Administration announced seven regional hubs for hydrogen  production that would receive US$7 billion in grants. The California Hydrogen Hub was awarded $1.2 billion  to advance clean hydrogen projects.  

The Company’s FCEV completed four trials in the UK, that allowed the FCEV to operate in various real world conditions. The FCEV demonstrated its’ capability for demanding duties, such as carrying heavier  payloads, towing and powering auxiliary equipment (onboard power). There was no decrease in vehicle  performance or range when operating in colder temperatures. Drivers from the trials noted the FCEV’s  drivability ease, quick refueling, and range (630 km / 390 mi, on a single refueling). The trials also provided  the Company with data to compare hydrogen-powered fuel cells versus battery-electric vehicles and internal  combustion engine vehicles.  

Balraj Mann, Group CEO of First Hydrogen, commented, “We are excited to show markets the advantages of  a hydrogen-power-fuel-cell vehicle. During the Wales and West Utilities trial, in wintery conditions, we were  able to demonstrate our FCEV was able to sustain performance levels, while with a battery electric vehicle  there is a loss of performance the colder the weather. Green hydrogen provides sustainability and zero  emission reducing the carbon footprint and contributing to decarbonization goals. Our FCEVs utilizing green  hydrogen will be greenhouse gas emission-free, with the only byproduct being water. We are trying to do our  part for a zero-emission future.”

The Future with Zero Emission First Hydrogen FCEV 

About First Hydrogen Corp. (FirstHydrogen.com

First Hydrogen Corp. is a Vancouver, Montreal and London UK-based company focused on zero-emission  vehicles, green hydrogen production and distribution. The Company has designed and built two hydrogen fuel-cell-powered light commercial vehicles (“FCEV”). The FCEV are road-legal in the United Kingdom  (excluding Northern Ireland) with 6,000 km of testing completed and have achieved a range of 630+ kilometres on a single refueling. The vehicles have successfully been trialled in real-world conditions with fleet operators  in the United Kingdom. First Hydrogen is also developing a 35MW green hydrogen production facility and  vehicle assembly factory in Shawinigan, Quebec. 

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

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.

First Hydrogen Applauds Uk £500 Milllion Hydrogen Initiative

First Hydrogen Applauds Uk £500 Milllion Hydrogen Initiative

Vancouver, B.C., July 9, 2024 Vancouver, British Columbia – First Hydrogen Corp. (“First Hydrogen”  or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is encouraged with the recent announcement  by incoming UK Prime Minister Sir Keir Starmer pledging to implement an agenda centered on renewable  energy and green initiatives. The new government has earmarked £500 million to support the development of  the UK’s green hydrogen sector, aiming to enhance the country’s capacity to produce green hydrogen and  position the UK as a leader in the global hydrogen economy.  

Germany 

A recent study by Berlin-based think tanks Agora Energiewende and Agora Industrie, Germany would need  to import upto 100 terawatt hours (TWh) of green hydrogen annually by the mid-2030s, covering a significant  portion of its projected energy demand. In order to meet demand, as domestic production is expected to fall  short, Germany will need to import green hydrogen from neighbouring countries and from countries such as  Canada.  

Hydrogen-as-a-Service (HAAS) 

The Company has completed four successful trials of its hydrogen-powered fuel cell light commercial vehicle  (FCEV). The FCEV demonstrated its’ capability for demanding duties, such as carrying heavier payloads, towing and powering auxiliary equipment (onboard power). There has been no decrease in vehicle  performance or range when operating in colder temperatures. Drivers from the trials noted the FCEV’s  drivability ease, quick refueling, and range (630 km / 390 mi, on a single refueling).  

First Hydrogen has established a hydrogen ecosystem, partnering with various providers for refuelling and  green hydrogen delivery and being the first and only road-legal FCEV. The Company is in a position to  capitalize on Europe’s transition to green hydrogen. Our “ready-to-go” hydrogen ecosystem demonstrates  hydrogen mobility is possible for fleet operators.  

Private placement 

The Company is also please to announce that further to its news release dated June 28, 2024, it has closed the  first tranche of its private placement of convertible debenture units for gross proceeds of $540,000 (the  “Offering”). Each debenture unit consists of $1,000 in principal and is convertible into 1,851.85 common  shares and 1,851.55 share purchase warrants, with each share purchase warrant exercisable to acquire one  additional common share at an exercise of $0.80 per warrant share for a period of two years from the closing  date of the Offering. 

The debentures will mature on the second anniversary of the date of issuance and bear interest at a rate of  8.00% per annum, commencing on the date of issuance. The debentures are unsecured. The debentures will  not be listed or posted for trading on any stock exchange. All securities issued in connection with the Offering  will be subject to a statutory resale restriction for four months and one day from the closing date of the  Offering. 

In connection with the Offering, the Company paid Canaccord Genuity Corp. (the “Finder”) a fee of  $43,200 and issued 80,000 warrants (the “Finder’s Warrants”). Each Finder’s Warrant provides that  such Finder may acquire common shares of the Company (each a “Finder’s Warrant Share”) at a price  of $0.54 per Finder’s Warrant Share until July 9, 2026.

The Company intends to use the net proceeds from the offering for working capital and general corporate  purposes.  

The Future with Zero Emission First Hydrogen FCEV 

About First Hydrogen Corp. (FirstHydrogen.com

First Hydrogen Corp. is a Vancouver, Montreal and London UK-based company focused on zero-emission  vehicles, green hydrogen production and distribution. The Company has designed and built two hydrogen fuel-cell-powered light commercial vehicles (“FCEV”). The FCEV are road-legal in the United Kingdom  (excluding Northern Ireland) with 6,000 km of testing completed and have achieved a range of 630+ kilometres on a single refueling. The vehicles have successfully been trialled in real-world conditions with fleet operators  in the United Kingdom. First Hydrogen is also developing a 35MW green hydrogen production facility and  vehicle assembly factory in Shawinigan, Quebec. 

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

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.

First Hydrogen Arranges $2,700,000 Financing

First Hydrogen Arranges $2,700,000 Financing

Vancouver, B.C., June 28, 2024 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) has arranged a non-brokered  financing of debenture units at a price of $1,000 per unit for aggregate gross proceeds of up to $2,700,000.  Each debenture unit is convertible into 1,851.85 common shares and 1,851.85 share purchase warrants, with  each share purchase warrant exercisable to acquire one common share at an exercise price of $0.80 per warrant  for a period of two years from the closing date.  

The debentures will mature on the second anniversary of the date of issuance and bear interest at a rate of  8.00% per annum, commencing on the date of issuance. The principal amount of each debenture will be  convertible at the option of the holder into common shares in the capital of the company. The debentures are  unsecured.  

All securities issued in connection with the offering will be subject to a statutory resale restriction for four  months and one day from the closing date of the offering. Finders’ fees may be paid by the company in  conjunction with the completion of the financing in accordance with the TSX Venture Exchange policies. 

The Company intends to use the proceeds of the Offering for general corporate purposes.  

The offering of the debentures is subject to the receipt of all necessary approvals, including the final approval  of the TSX Venture Exchange. The Debentures will not be listed or posted for trading on any exchange. 

The Company also announces the repricing of the conversion price of $2.673,800 of convertible debentures.  Each $1,000 in principal will now be convertible into 1,851.85 common shares. There will be no share  purchase warrants issued upon conversion of the debentures. The maturity date of the debentures remains the  same, November 22, 2025. The convertible debenture repricing is subject to the approval of the TSX Venture  Exchange. 

About First Hydrogen Corp. (FirstHydrogen.com

First Hydrogen Corp. is a Vancouver, Montreal and London UK-based company focused on zero-emission  vehicles, green hydrogen production and distribution. The Company has designed and built two hydrogen-

fuel-cell-powered light commercial vehicles (“FCEV”). The FCEV are road-legal in the United Kingdom  (excluding Northern Ireland) with 6,000 km of testing completed and have achieved a range of 630+ kilometres on a single refueling. The vehicles have successfully been trialled in real-world conditions with fleet operators  in the United Kingdom. First Hydrogen is also developing a 35MW green hydrogen production facility and  vehicle assembly factory in Shawinigan, Quebec. 

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

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.

First Hydrogen Corporate Update Fcev Expansion

First Hydrogen Corporate Update Fcev Expansion

Vancouver, B.C., June 24, 2024 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to provide an  update on North American, South American and European corporate developments. Following the success of  the latest trial of the Company’s hydrogen-powered fuel cell light commercial vehicle (FCEV) in the United  Kingdom, First Hydrogen continues to receive interest from various fleet operators regarding the Company’s  FCEV. The Company is working with multiple fleet operators to help achieve their zero emission objectives  by increasing the number of FCEVs and/or converting existing vehicles to FCEV. The Company plans on  expanding its FCEV operations, based on interest and hydrogen infrastructure investment, to Europe and South  America.  

A summary of ongoing developments as follows: 

North America 

Quebec 

Significant and positive interest has been shown from fleet operators in Quebec. The Quebec operators note  the need for Hydrogen vehicles as an alternative to battery electric vehicles during cold weather which limits  the battery life in a battery-only vehicle. The Company is expanding and developing additional demonstrator  FCEVs to showcase the hydrogen potential to North American fleets, as well, the Company proposes to build 

a vehicle assembly facility and green hydrogen production plant in Shawinigan, Quebec. The assembly facility target will be for annual production of up to 25,000 vehicles for distribution throughout North America and will represent a major boost to green technology jobs in the region. 

Mexico 

The Company is in initial discussions with a country-wide industrial fleet operator in Mexico. The industrial operator is looking to convert and add FCEVs to their fleet, along with deploying a country-wide Hydrogen  Refueling Stations (HRS) infrastructure. The Company is encouraged with Ms. Claudia Sheinbaum’s  appointment as Mexico’s newest president. Ms. Sheinbaum is committed to investment in renewable energy  and aligning with international climate goals. Mexico’s hydrogen trade body, Asociación Mexicana de  Hidrógeno (AMH) states there are at least 15 projects under development in Mexico, worth a total capex  investment of US$20 billion. Hydrogen Insight estimates that the US$20 billion would facilitate nearly 7  gigawatts (GW) of green hydrogen. 

Europe 

The European Union (EU) is striving to become the first climate-neutral continent by 2050. In its effort to  decarbonize, the EU’s RePowerEU plan aims for 10Mt of renewable produced in the EU and 10Mt of imports  by 2030. The European Investment Bank’s (EIB) lending focuses on strategic priorities, including climate  action; since its establishment in 1958, the EIB has invested over a trillion euros. Funding for the EIB, comes  from its 27 member states, total funding of the EIB is €248-billion, with Germany, France and Italy, each  investing €4.2-billion (figures as of March 2020).  

Germany has signed a Memorandum of Understanding (MOU) with Canada to help Germany diversify its  energy sources from fossil fuels and move towards more sustainable energy. Germany expects its hydrogen  demand to surge from 55 terawatt hours to between 95–130 terawatt hours by 2030, highlighting the  significance of this partnership for both nations’ energy futures. With these developments, First Hydrogen is  looking to expand into Germany and Europe to offer its Hydrogen-As-A-Service (HAAS) model.  

South America 

Many South American countries are focusing on the development of green hydrogen as part of their clean  energy transition strategies. With ongoing investment, policy support, and technological advancements, South  America is positioning itself in the global hydrogen economy. The Company will be pursuing opportunities in  Peru and Chile. Chile is leading the way with its ambition to produce and export the world’s most competitive  hydrogen from renewable electricity by 2030. Peru has recently introduced a new law (Law No. 31992) to  help the development of green hydrogen in the country.  

Trials 

Four FCEV trials have been completed during which the FCEV was subject to various real-world conditions.  The FCEV demonstrated its’ capability for demanding duties, such as carrying heavier payloads, towing and  powering auxiliary equipment (onboard power). There has been no decrease in vehicle performance or range  when operating in colder temperatures. Drivers from the trials noted the FCEV’s drivability ease, quick  refueling, and range (630 km / 390 mi, on a single refueling). 

Discussions with various fleet operators to add FCEVs to fleets and/or converting existing fleet vehicles to  hydrogen-powered fuel cells utilizing the Company’s powertrain are ongoing. 

First Hydrogen is working with some of the largest companies in Europe for the next set of trials. 

Hydrogen ecosystem 

For the WWU trial, the Company partnered with Protium Energy Solutions (Protium) and Hyppo Hydrogen  Solutions (Hyppo) using a re-deployable refueller and delivered green hydrogen. This “ready-to-go” hydrogen  ecosystem, utilizing Hyppo’s Fuel Cell Systems HyQube, will be able to demonstrate hydrogen mobility is  possible for fleet operators. First Hydrogen is working with Fuel Cell on establishing operations in North  America. 

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

Contacts:

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

First Hydrogen Arranges $2,700,000 Financing

First Hydrogen On-Road Trial Update

Vancouver, B.C., May 14, 2024 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce that its fourth hydrogen-fuel-powered vehicle (FCEV) trial (see news release of May 6, 2024) is proceeding well,  a report will be ready later this month. The Company is working with more companies, that attended the  HORIBA MIRA track day, on finalizing details of FCEV trials.  

The Company has also started discussions with a country-wide industrial fleet operator in Mexico, to update  their fleets to hydrogen powered fuel cells as well as adding additional FCEVs to their fleet and to deploy a  country-wide Hydrogen Refueling Stations (HRS) infrastructure. Mexico’s hydrogen trade body, Asociación  Mexicana de Hidrógeno (AMH) states there are at least 15 projects under development in Mexico, worth a  total capex investment of US$20 billion. Hydrogen Insight estimates that the US$20 billion would facilitate  nearly 7 gigawatts (GW) of green hydrogen. 

First Hydrogen has demonstrated how its fuel cell’s powertrain delivers power when needed, achieving outputs  of 60kW in transient accelerations, and in previous trials the vehicle has achieved a peak range of 630km (400  miles). This indicates the vehicle can manage more demanding duties, such as carrying heavier payloads,  driving over hilly terrain or powering auxiliary equipment (onboard power).  

Marketing 

The Company has entered into an agreement with Martin City Studios LLC (“Martin Studios”), where Martin  Studios will produce two audio interviews with First Hydrogen’s senior management with Ellis Martin to be  aired on Money Talk Radio and The Ellis Martin Report (ellismartin.com). Martin Studios is a company  headquartered in New Mexico, United States, dedicated to audio interviews. The cost of the services is $6,500 

(U.S.), paid up front. Martin Studios can be reached at 310-430-1388 or info@ellismartinreport.com. Martin  Studios does not currently hold any common shares in the company. Martin Studios and the company are  unrelated and unaffiliated entities. Martin Studios will be producing an audio interview segment featuring the  company to be updated and aired across Martin Studios’ platforms (as well as posted on  the VoiceAmerican.com’s Business Channel and Martin Studios’ YouTube channel). 

A recording of the interview can be found at: https://youtu.be/sFPxV0cE6ws 

The Future with Zero Emission First Hydrogen FCEVs

About First Hydrogen Corp. (FirstHydrogen.com

First Hydrogen Corp. is a Vancouver, Montreal and London UK-based company focused on zero-emission  vehicles, green hydrogen production and distribution. The Company has designed and built hydrogen-fuel cell-powered light commercial vehicles (“FCEV”) in partnership with AVL Powertrain and Ballard Power  Systems Inc. The FCEV has a range of 630+ kilometres. These vehicles are being trialled with fleet operators  in the United Kingdom. First Hydrogen is also developing a 35MW green hydrogen production facility and  vehicle assembly factory in Shawinigan, Quebec. 

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

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.

First Hydrogen’s Vehicle Trials With Multinational Company

First Hydrogen’s Vehicle Trials With Multinational Company

Vancouver, B.C., May 6, 2024 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) has completed three  successful vehicle trials of the Company’s hydrogen-fuel-cell-powered vehicle (FCEV) and now has started  trials with a large multinational logistics company, whose partners use commercial vans for parcel deliveries.  The trial commenced in London, UK with driver training and is expected to continue for a month. 

Parcel delivery companies face a diverse set of challenges, and are often exploring multiple zero emission  technologies, including battery and hydrogen technology, to meet commercial and environmental targets. These fleets can make up the middle or final stages of the supply chain, which traditionally handle journeys  to transport items from local hubs directly to consumers or end users. Recently completed trials with Wales  & West Utilities (WWU), show the first-of-its-kind vehicle has been operating for between 6 and 7 hours per day. The new trials will test the FCEV over 8 hours per day with multiple deliveries per hour.  

First Hydrogen has also demonstrated how its fuel cell’s powertrain delivers power when needed, achieving  outputs of 60kW in transient accelerations, and in previous trials the vehicle has achieved a peak range of  630km (400 miles). This indicates the vehicle can manage more demanding duties, such as carrying heavier  payloads, driving over hilly terrain or powering auxiliary equipment (onboard power).  

More detail on the FCEV’s deployment with WWU can be seen here: http://tinyurl.com/mvu8m644

A growing market  

Global Market Insights reports parcel delivery vehicle market size will surpass US$210 billion by 2032.  Ecommerce continues to fuel growth of the delivery market. The parcel delivery market was valued at  US$486.47 billion in 2023, as reported by Stellar Market Research, going to US$648.84 billion by 2030. As  the size of the parcel delivery market grows, the number of parcels and, as speed of delivery is crucial to  service. This increases the number of delivery vehicles on the roads and therefore the amount of vehicle  emissions unless fleets are able to transition to zero-emission technologies like battery or hydrogen fuel cell. 

WHY HYDROGEN 

Sustainability and Zero Emissions: By using hydrogen fuel cells, businesses can significantly reduce their carbon footprint, contributing to decarbonization goals. Hydrogen fuel cells emit only water and heat, offering a less carbon intensive alternative to fossil fuels. When utilized with green hydrogen, the FCEVs will be completely greenhouse gas emission free. FCEVs produce no harmful tailpipe emissions, with the only  

byproduct being water. This is a stark contrast to gasoline and diesel vehicles, which emit tailpipe pollutants  such as nitrogen oxides, hydrocarbons, and particulate matter. 

Energy Efficiency: Hydrogen fuel cells are more energy-efficient compared to traditional combustion engines. This efficiency can lead to reduced energy costs and a more sustainable energy use profile for parcel deliveries and warehouse operations. Today, FCEVs have higher initial costs than diesel vehicles, but these costs are expected to decrease significantly by 2030 due to technological advancements. Hydrogen has a higher energy conversion efficiency of 50-60% compared to diesel engines, which will lead to long-term savings.

Extended Range and Refueling Time: Hydrogen fuel cell vehicles can travel longer distances before needing to refuel compared to battery electric vehicles, and refueling can be completed in a matter of minutes. This extended range and quick refueling capability are particularly beneficial for delivery vans and trucks, ensuring minimal downtime and maximizing operational efficiency. 

Scalability: Hydrogen fuel cells can be used in various applications, from forklift and light commercial vehicles to heavy-duty delivery trucks. This versatility allows businesses to deploy hydrogen technology across different aspects of its operations, providing a scalable solution to meet its sustainability goals. 

Versatility: FCEVs can handle larger payloads, offer consistent power output rates and can tolerate low  temperatures, making their performance superior to battery power for intensively used commercial vehicles. 

Reducing Dependence on Fossil Fuels: By adopting hydrogen fuel cells, we move towards reducing the dependence on fossil fuels, aligning with global efforts to transition to cleaner energy sources. This shift not only supports environmental goals but also enhances energy security.

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

Contacts:

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