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Next Hydrogen Announces Aggregate of $1.5 million in Loans and Provides Corporate Update

MISSISSAUGA, Ontario, July 23, 2025 (GLOBE NEWSWIRE) -- Next Hydrogen Solutions Inc. (the "Company" or "Next Hydrogen") (TSXV:NXH, OTC:NXHSF), is pleased to announce that it is entering into a loan agreement with certain existing directors and officers of the Company (the "Lenders") providing for the advance of an unsecured loan (the "Loan") bearing interest at 5.0% per annum in the principal amount of $530,000. The Loan shall mature on the date that is one year from the advance of the Loan (the "Maturity Date").   In conjunction with the advance of the Loan, the Company will also pay a set-up fee of $20,000 to the Lenders.

The advance of the Loan is expected to take place on July 23, 2025, immediately prior to the advance of a $1 million loan from an arm's length commercial lender (the "Original Loan") that is being negotiated between the Company and such lender. There can be no assurances that the Original Loan will be completed as proposed or at all.

In consideration of the advance of the Loan by the Lenders, the Company shall, subject to the approval of the TSX Venture Exchange (the "TSXV") in accordance with the policies of the TSXV, issue to the Lenders, an aggregate of 214,140 common shares of the Company ("Common Shares") at a deemed price of $0.495 per share as bonus shares (the "Loan Bonus Shares"), representing approximately 20% of the principal amount of the Loan, subject to adjustment in accordance with the policies of the TSXV.

In addition, subject to the approval of the TSXV in accordance with the policies of the TSXV, the Loan may be converted into Common Shares (the "Conversion Shares") at the option of the Company, in whole or in part, on the earlier of the Maturity Date or the closing of an offering of equity securities of the Company.

Next Hydrogen intends to use the proceeds of the Loan and the Original Loan for working capital and general corporate purposes. The Loan and the Original Loan will assist the Company in bridging its financial position in order to keep its talented team and continue operations while it evaluates longer term financial and strategic solutions.

In conducting its review of financial and strategic solutions, the Company's board and management team are committed to acting in the best interests of the Company, its shareholders and its stakeholders. ...