TOLOSA AS HEAD OF POWERTRAIN

TOLOSA AS HEAD OF POWERTRAIN

Vancouver, B.C., June 27, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce its’  subsidiary, First Hydrogen Limited, has appointed Manuel Tolosa as Head of Powertrain Engineering to  support its development of hydrogen fuel cell-powered light commercial vehicles (LCV). For the last 16 years, Manuel has been responsible for hydrogen vehicle development projects at BMW Group (BMW), including 

the development of the unique BMW iX5 Hydrogen small series. With First Hydrogen, Manuel will provide leadership and direction in all areas of powertrain technology, innovation and engineering application through to production and post-production. He is responsible for implementing the technology, product and business strategy. 

In his most recent role, Program Manager Fuel Cell System and Hydrogen Storage at BMW, Manuel directed the main development strategiesfor the next generation of vehicles. He also led BMW’slong-term cooperation with Toyota Motor Corporation from a technical perspective and helped to align battery electric vehicle (BEV) and fuel cell electric vehicle (FCEV) platforms for their common use. 

During his time at BMW, Manuel developed the core power train components for passenger cars, led the technical development of the primary parts in all demonstrator projects, redesigned the liquid hydrogen tank integrated into the Hydrogen 7 fleet and first introduced fuel cell systems and compressed gas tanks into a number of vehicles, including the BMW 5 Series GT FCEV hydrogen fuel cell prototypes. 

Manuel Tolosa, Head of Powertrain Engineering, says: 

“Light and medium-duty commercial vehicles represent one of the best mobility applications for integrating hydrogen power trains, making it a 100% zero-emission segment. Fuel cell systems are well suited to meet the  technological boundaries and specifications required of this vehicle class, as well as their different use cases.  I am excited to work with First Hydrogen to establish a leadership position in the design and commercialization of hydrogen-powered commercial vehicles. I am looking forward to bringing all my expertise and skills to deliver the products demanded by the market and our future customers.” 

Steve Gill, CEO at First Hydrogen Automotive, says:

“We are thrilled to welcome Manuel aboard, not only  does he have an impressive knowledge of powertrain engineering, but he has extensive experience in hydrogen  vehicle development and storage technology from one of the biggest, global automotive brands. His expertise  will undoubtedly support us to develop an outstanding fleet of hydrogen vehicles and help commercial drivers  to transition to high-performing, zero-emissions transport.” 

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. The Company  is also pursuing opportunities in green hydrogen production and distribution in the UK and elsewhere. 

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.

D’AMICIS TO THE UK TEAM 

D’AMICIS TO THE UK TEAM 

Vancouver, B.C., June 2, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) has appointed Carlo  Alberto D’Amicis as Chief Financial Officer of First Hydrogen Limited, to support the automotive  and energy company’s growth. Mr. D’Amicis joins First Hydrogen from RHI Magnesita N.V., a  global leader in refractories with annual revenues of €2.5 billion, listed on the London Stock  Exchange, where he led a 120-person global finance team situated in over 15 countries as a Senior  Finance Executive. Mr. D’Amicis held the position of CFO Americas for RHI Magnesita; his  responsibilities included integration of the business post-merger between RHI and Magnesita, which  provided him with valuable experience in restructuring their business and developing shared service  centers while helping to drive consistent gross margin expansion. 

Prior to RHI Magnesita, Mr. D’Amicis was a Senior Finance Executive for Magnesita where he  helped the business toward the successful merger with RHI and the subsequent IPO on the London  Stock Exchange. Mr. D’Amicis has also held senior management positions at PwC and KPMG; and is a Certified Accountant and a Certified Public Auditor in the Italian Public Register. 

Having worked for international engagements for public companies listed in Europe, the UK and the  U.S., Carlo brings extensive experience in leadership, corporate strategy, listings and transactions  including M&A and carve-outs. In his role at First Hydrogen Limited, Carlo will support the  Company’s C-suite to deliver its first hydrogen-powered light commercial vehicles (LCVs) and  establish environmentally sustainable green hydrogen production sites. Mr. D’Amicis’ experience  will also hugely contribute to First Hydrogen’s long-term strategy: developing a full hydrogen  solution company with Green Hydrogen production, hydrogen vehicle production and hydrogen  mobility fuel delivery services and make the transition to zero emissions transport easy and affordable  for its customers.  

Nick Wrigley, Chairman at First Hydrogen, says:

“Carlo’s appointment signifies further growth  for First Hydrogen as the company goes to the next stage in its development. We are at an exciting  point where our first hydrogen fuel cell demonstrator vehicles will start testing in the next few months  and we are establishing our first green hydrogen production sites in the UK. At the same time,  government and investor attention is on hydrogen as part of the solution to the global carbon  challenge. Carlo has great experience in leading multinational companies and will support us to take  the company further in its mission to secure a zero-emission future.”  

Carlo Alberto D’Amicis, Chief Financial Officer for First Hydrogen Automotive, comments:  

I am proud and excited to be joining First Hydrogen as Chief Financial Officer. With carbon  neutrality becoming one of the world’s most urgent missions, First Hydrogen will play a key role in  decarbonizing the transport industry. This is a unique opportunity to be part of a forward-thinking 

and game-changing company with a truly talented international team fully committed to the  development of a more sustainable future. I am excited and privileged to start this new journey and  help First Hydrogen build the path toward a zero-emission value chain.”

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. The Company  is also pursuing opportunities in green hydrogen production and distribution in the UK and elsewhere.  

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.

First Hydrogen Extends Strategic Relationship with FEV for Bespoke Hydrogen Vehicle’s Design and Product Specifications

First Hydrogen Extends Strategic Relationship with FEV for Bespoke Hydrogen Vehicle’s Design and Product Specifications

Vancouver, B.C., May 18, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce that  First Hydrogen Automotive has extended its consulting relationship with FEV Group of Aachen Germany (“FEV”) to define the technology leadership strategy for the Company’s fleet of bespoke hydrogen fuel cell powered light commercial vehicles (“LCV”) and other potential vehicles based on our proprietary designs.  This will enable First Hydrogen Automotive to plan the definitive designs and production facilities of its  vehicles. More specifically FEV will advise on target product specifications, software led functionality,  including advanced driver-assistance systems/autonomous driving systems (ADAS/AD)/connectivity  functionality and electrics & electronics architecture, and assessment of the product concept hardware options  in terms of design, layout, materials, manufacturing and platform modularity. 

In April 2022, the UK government announced plans to double hydrogen production to 10 GW by 2030, with  at least 5 GW to come from green hydrogen (produced in electrolysers which split water into hydrogen and  oxygen using electricity generated by wind and other renewables). First Hydrogen plans to contribute to these  targets with up to four production sites, with each site having a refuelling station for commercial vehicles and  passenger cars. Initial production capacity estimates are between 80 MW to 160 MW for the four sites. 

Nicholas Wrigley, Chairman First Hydrogen Limited said, “We are very excited as First Hydrogen Automotive  takes another step forward to decarbonization and providing a sustainable energy-powered vehicle. We are utilizing MAN eTGE vans for our demonstrators to build customer following and bespoke design references  and this new phase of development will define First Hydrogen’s own vehicle design interior and exterior,  optimised for hydrogen and fuel cell powertrains. Our Energy Division is working to develop refuelling and  green hydrogen production sites in Liverpool, Manchester, London and the Thames Estuary, which will serve  our customers’ fleet of vehicles and other users of hydrogen fuel cell vehicles. I believe the Company’s  strategy, from vehicles to hydrogen production will contribute to the world’s climate change initiatives.”  

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. The Company  is also pursuing opportunities in green hydrogen production and distribution in the UK and elsewhere.  

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.

Vehicle Testing Testing to Commence

Vehicle Testing Testing to Commence

Vancouver, B.C., May 9, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce by way of update that its two MAN-based fuel cell-powered light commercial demonstrator  vehicles (LCV), equipped with Ballard Power Systems’ (Ballard) fuel cells and currently being built  by AVL Powertrain UK, are on schedule to commence operational testing next month. These two vehicles are expected to be road legal by September 2022 allowing for trials with major fleet  operators. It is anticipated that these trials will be carried out with a significant number of fleet  operators and buyers based on the interest which has already been generated. These trials will serve  to enhance product development and create customer engagement and partnerships around First  Hydrogen Automotive’s future fleets of LCVs. 

Steve Gill, CEO of First Hydrogen Automotive stated, “We chose to start by developing road-legal  demonstrators using a donor platform that will enable customers to see, feel and experience the  benefits and operation of a hydrogen propulsion system in a familiar set-up and compare it directly  to an EV. This platform and design allow us to bring our product to customers in a much shorter 

timeframe. The base vehicle is derived from a M.A.N. eTGE van (part of the Volkswagen Group,  and the Ballard Fcgen®-LCS hydrogen-powered fuel cell and hydrogen tanks have been integrated  without any impact on the customer features of the van, such as interior space or load height. The  resulting vehicles will have over 500km of range capability, based on the Worldwide Harmonised  Light Vehicle Test Procedure (WLTP), versus a 115km range when compared to a base EV, with the  same maximum speed. The refuelling time is typically five minutes.”  

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. First Hydrogen is also developing  refueling capability working with FEV Consulting GmbH, the internal automotive consultancy of  FEV Group of Aachen Germany. The Company is also pursuing opportunities in green hydrogen  production and distribution in the UK and elsewhere.  

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.

First Hydrogen Arranges Financing up to $6,000,000

First Hydrogen Arranges Financing up to $6,000,000

Vancouver, B.C., April 22, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) has arranged a non-brokered  private placement of units for up to $6.0 million. The private placement will consist of up to 2,222,222 million  units at $2.70 per unit for gross proceeds of $6.0 million, where each unit will consist of one common share  and a non-transferrable common share purchase warrant. Each warrant is exercisable at $3.70 into one  common share, for a period of two years from the date of closing.  

All securities issued pursuant to the unit financing will be subject to a four-month plus a day hold period under  applicable securities laws in Canada.  

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 reserves the right to accept, reject or partially fill any subscriptions received up to the aggregate  amount permitted by the TSX-V. 

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

About First Hydrogen Corp. (FirstHydrogen.com

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles and  supercritical carbon dioxide extractor systems. The company is designing and developing a hydrogen-fuel cell-powered light commercial demonstrator vehicle (“LCV”) under two agreements with AVL Powertrain  and Ballard Power Systems Inc. The LCV will have a range of 500+ kilometres. First Hydrogen is developing  refueling capability working with FEV Consulting GmbH, the internal automotive consultancy of FEV Group  of Aachen Germany. The Company is also pursuing opportunities in green hydrogen production and  distribution.  

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.

First Hydrogen Appoints Chief Engineer

First Hydrogen Appoints Chief Engineer

Vancouver, B.C., April 20, 2022 Vancouver, British Columbia – First Hydrogen Corp. (“FIRST  HYDROGEN” or the “Company”) (TSXV: FHYD) (OTC: FHYDF) (FSE: FIT) is pleased to announce the appointment of Stephen Pendrey as Chief Engineer – Vehicle Program for its Automotive division. His  appointment to the company’s UK-based technical team signifies further growth and commitment to delivering  the brand’s first hydrogen-fuelled, zero-emissions utility vehicles. With 35 years of experience in cutting edge product development for the automotive sector, Stephen has previously worked on projects for Jaguar  Land Rover, Daimler Trucks and Volvo. 

His most recent role, Automotive Programmes Director at Belcan Global Engineering (Belcan) saw him  establish and grow the Belcan Automotive Division in the UK. Stephen has worked on a number of innovative  electric vehicle projects, developing products including high-performance sports cars, light-duty trucks, buses  and military vehicles. Prior to Belcan, Steve was European Programmes Director at Tata Technologies, part  of the Tata Group of companies. Here, Steve was responsible for all major deliverable-based programmes  worldwide, including the Polestar 600bhp PHEV based in Sweden, an 8×8 military vehicle-based in the U.A.E,  and the management and coordination of key accounts of Aston Martin and McLaren Automotive. In his role  at First Hydrogen, Stephen is responsible for managing the program engineering and development activities  as well as supporting the company to meet its ambitions to mass manufacture fuel cell electric vehicles  (FCEVs).  

Steve Gill, Director and CEO of First Hydrogen Automotive, says:

“We’re delighted to welcome Stephen  aboard. We were hugely impressed with his strengths as a team leader, communicator and project manager.  He brings knowledge and expertise across the complete product development process, having led teams to  successfully deliver many high-value, complex projects. His experience in supervising the build of simulator and prototype vehicles from concept, will also prove invaluable in our next milestone – the development and  delivery of our hydrogen fuel cell demonstrator vehicles, which enter road testing in just a couple of months,  and which will be available to prospective customers for road testing in September 2022.”  

Stephen Pendrey, Chief Engineer for First Hydrogen Automotive, comments:

Zero emissions and the role transportation plays in carbon reduction is a huge and complex challenge for the automotive industry, so it’s fantastic to work with a brand developing a direct solution and a proven team of automotive professionals. I am excited to help drive First Hydrogen forward in the development and roll-out of its first hydrogen fuel cell commercial vehicles, drawing on my skills and experience to deliver high-quality products to market.”

About First Hydrogen Corp. 

First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles and  supercritical carbon dioxide extractor systems. The company is designing and developing a hydrogen-fuel cell-powered light commercial demonstrator vehicle (“LCV”) under two agreements with AVL Powertrain  and Ballard Power Systems Inc. The LCV will have a range of 500+ kilometres. First Hydrogen is developing  refueling capability working with FEV Consulting GmbH, the internal automotive consultancy of FEV Group  of Aachen Germany. The Company is also pursuing opportunities in green hydrogen production and  distribution.

On behalf of the Board of Directors

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.
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