Power Group Projects Corp. — Capital/Financing Update 2024

Sep 25, 2024

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POWER GROUP COMPLETES SHARE CONSOLIDATION

September 25, 2024 – Vancouver, BC - Power Group Projects Corp. (TSXV: PGP) (the " Company ") is pleased to announce further to its news release of August 26, 2024, announcing the Company’s intention to consolidate all of its issued and outstanding common shares (the “ Common Shares ”) on the basis of ten (10) existing Common Shares for one (1) new Common Share (the “ Consolidation ”) is effective today, Wednesday, September 25, 2024 (the “ Effective Date ”).

The Company’s Common Shares commenced trading under the current trading symbol “PGP” at the opening of trading on September 25, 2024 on a post-consolidated basis.

On the Effective Date, all outstanding DRS Statements will be deemed cancelled and the transfer agent will mail out replacement DRS Statements to all shareholders. The transfer agent will mail out a letter of transmittal to the shareholders of record on September 25, 2024, providing instructions on exchanging preConsolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to the transfer agent in accordance with the instructions in the letter of transmittal.

The Company’s new CUSIP number is 73928T201 and its new ISIN is CA73928T2011.

For further information, please contact:

Aleem Nathwani Chief Executive Officer and Chairman Tel: (604) 290-7073 Email: aleem.nathwani@gmail.com

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

Forward-Looking Statements

Statements in this release may contain forward-looking information. Any statements in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “would”, “anticipate”, “expects”, and similar expressions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release. The Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities law.