Saskatchewan - HTC Purenergy Inc. ('HTC' or the 'Company') (TSXV: HTC) (OTCQB: HTPRF) announces today that it did not file until such time as the Company files its annual audited financial statements, annual management's discussion and analysis and related certifications for the year ended December 31, 2021, as required by securities law.

HTC's principal regulator, the Financial and Consumer Affairs Authority of Saskatchewan (the 'FCAA') has granted a management cease trade order (the 'MCTO') on May 19, 2022, under National Policy 12- 203 - Management Cease Trade Orders ('NP 12-203').

Pursuant to the MCTO, the Company's CEO, Lionel Kambeitz, and the Company's CFO, Jacelyn Case, may not trade in securities of the Company until such time as the Company files the Required Documents, and the FCAA revokes the MCTO. The MCTO does not affect the ability of other shareholders to trade their securities, however the Company has instituted a blackout pursuant to which no director, executive or employee of HTC may trade the Company's securities until the Required Documents are filed. The delay in filing the Required Documents is the result of the Company not having yet received acceptance of the TSX Venture exchange for the Company's transaction with Starling Brands Inc. announced in the Company's press release dated December 31, 2021 (the 'Transaction'). Until the Exchange's acceptance has been granted, the company's auditors are unable to complete the audit of the Financial Statements which are among the Required Documents, since the assets sold under the Transaction had been transferred prior to the completion of the year ended December 31, 2021, which is the subject of the audit. It is expected that the Required Documents will be filed in approximately 30-45 days, and in any event no later than 90 days from the date the Required Documents were due to be filed, being July 30, 2022.

The Company confirms that: (i) there has been no material information of the Company that has not been generally disclosed. HTC also confirms that it intends to satisfy the provisions of NP 12-203 and issue biweekly default status reports for so long as HTC remains in default of the financial statement filing requirement, containing any material changes to the information in this release, all actions taken by HTC to remedy the default, particulars of any failure by HTC to fulfill these provisions, any subsequent defaults of HTC requiring a default announcement and any other material information concerning the affairs of HTC not previously disclosed

Contact:

Jeff Allison

Tel: (306) 352-6132

Email: jallison@htcpurification.com

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