Hydreight Technologies Inc. — Board/Management Information 2021

Jun 18, 2021

FOR IMMEDIATE RELEASE

TSX Venture Exchange: PCL.P

PERIHELION CAPITAL LTD. ANNOUNCES

RESUMPTION OF TRADE AND APPOINTMENT OF NEW DIRECTOR

Vancouver, British Columbia , June 18, 2021, Perihelion Capital Ltd. (TSXV: PCL.P) (the “ Company ”), a capital pool company pursuant to Policy 2.4 – Capital Pool Companies (the “ Policy ”) of the TSX Venture Exchange (the “ TSXV ”), is please to announce that the common shares of the Company are expected to resume trading on the TSXV at the open of markets on Tuesday, June 22, 2021.

Subject to the approval of the TSXV, the Company has appointed Mr. Amitay Weiss as a director of the Company (the “ Appointment ”). Mr. Weiss is a financial and strategic consultant and is a board member of various publicly listed companies in Israel. Mr. Weiss has a Bachelor of Arts degree in Business Management (2001) from the Israel Academic College in Ramat Gan, Israel, and a Masters of Business Administration (2020) and an (2007) LLB from the Ono Academic College, Israel.

The Company is very pleased to welcome Mr. Weiss to its board of directors and looks forward to his contribution.

Perihelion Capital Ltd.

The Company is a capital pool company created pursuant to the policies of the TSXV. It does not own any assets, other than cash or cash equivalents. The principal business of the Company is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation subject to acceptance by the TSXV so as to complete a Qualifying Transaction (as such term is defined in the Policy) in accordance with the policies of the TSXV.

Further Information

For further information, please contact:

Perihelion Capital Ltd.

Alexandros Tzilios President and Chief Executive Officer E-mail: alextzilios@live.com Telephone: (778) 867-0482

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

Cautionary Note Regarding Forward-Looking Information

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding: (i) expectations regarding obtaining the approval of the TSXV for the Appointment and (ii) expectations for other economic, business, and/or competitive factors.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect the Company’s management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such

information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the approval of the TSXV for the Appointment. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forwardlooking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company have attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.