Hydreight Technologies Inc. — Declaration of Voting Results & Voting Rights Announcements 2021

Jun 30, 2021

FOR IMMEDIATE RELEASE

TSX Venture Exchange: PCL.P

PERIHELION ANNOUNCES AGSM RESULTS

Vancouver, British Columbia – June 30, 2021 – Perihelion Capital Ltd. ( TSXV: PCL.P ) (the “ Company ” or “ Perihelion ”) is pleased to announce that shareholders of the Company (the “ Shareholders ”) approved all matters presented at the Company’s Annual General and Special Meeting of Shareholders held June 24, 2021 (the “ Meeting ”) by the requisite majorities as set out in the Company’s management information circular dated May 27, 2021 (the “ Circular ”). 2,570,000 common shares of the Company representing approximately 50.254% of the Company’s issued and outstanding common shares as at the record date were voted.

At the Meeting, Shareholders passed resolutions related to the following, all as further set out in the Circular:

• fixing the number of directors of the Company at four;

• the election of the director nominees set forth in the Circular, being Alexandros Tzilios, Darius Eghdami, Duncan McIntyre, and Shafin Diamond Tejani;

• the appointment of Smythe LLP, Chartered Professional Accountants, as auditor of the Company for the ensuing year and the authorization of the directors of the Company to fix the auditors remuneration;

• the approval of the adoption of a stock option plan under which the total number of common shares of the Company reserved for issuance is 10% of the common shares of the Company outstanding as at the date of grant of any stock option, rather than 10% of the common shares of the Company outstanding as of the closing of the Company’s initial public offering as set forth in the Circular;

• the authorization of the Company to remain on the TSX Venture Exchange (“ TSXV ”) despite failing to complete a Qualifying Transaction (as defined in the policies of the TSXV) (a “ QT ”) within the original 24 month time limit; and

• the authorization of the Company to enter into an amending agreement to amend the escrow release terms under the escrow agreement dated December 21, 2018, between the Company, TSX Trust Company and certain security holders of the Company, to reflect the new escrow release terms set in the amended TSXV Policy 2.4 – Capital Pool Companies.

The Circular was mailed to the Shareholders of the Company and is available under the Company’s corporate profile on SEDAR (www.sedar.com).

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 QT 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 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 forwardlooking 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 impact of the passed resolutions on the ability to consummate a new QT. 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 forward-looking 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.