PureWave Hydrogen Corp. Provides Bi-Weekly Default Status Report Under National Policy 12-203

(TheNewswire)NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATESCalgary, Alberta, January 19, 2026– TheNewswire - PureWave Hydrogen Corp. (the “Corporation”) is providing this defaultstatus report in accordance with National Policy 12-203 ManagementCease Trade Orders (“NP12-203”). As previously announced on December 19, 2025, andJanuary 6, 2026, the Corporation was unable to file its auditedfinancial statements for the year ended August 31, 2025, together withthe related MD&A and CEO/CFO certificates (collectively, the“Required Filings”) by the prescribed deadline of December 29,2025. The Alberta Securities Commission (the “ASC”) granted atemporary management cease trade order (“MCTO”) on January 2,2026, which remains in effect until the Required Filings are completedand the MCTO is revoked.As of the date of this announcement, the Corporationconfirms that it is not subject to any insolvency proceedings. Otherthan as disclosed above, there is no other material informationconcerning the affairs of the Corporation that has not been generallydisclosed. The Corporation anticipates that it will be in a positionto remedy the default by filing the Required Filings on or beforeFebruary 27, 2026. The MCTO will remain in effect until the ASC hasrevoked the MCTO. The Corporation also confirms that it expects itwill meet other prescribed continuous disclosure filing deadlines thatarise while the Required Filings remain outstanding, and will provideupdates regarding any such anticipated subsequent specified defaultsin accordance with NP 12-203.The Corporation intends to satisfy the provisions ofthe alternative information guidelines under NP 12-203, including byissuing bi-weekly default status reports in the form of news releasesfor so long as the Required Filings remain outstanding.NEITHER THE TSX VENTURE EXCHANGE NORITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THEADEQUACY OR ACCURACY OF THIS RELEASE.For more information, pleasecontact:Bruce NurseDirector and Interim Chief Executive OfficerEmail: bruce.nurse@purewavehydrogen.comPhone: +1 (303) 919-2913Forward Looking StatementsThis news release contains forward-looking informationand forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable Canadian securitieslaws. Forward-looking statements are based on management’s currentexpectations and are subject to known and unknown risks,uncertainties, and other factors that may cause actual results todiffer materially. 1. Forward-looking statements in this news releaseinclude statements regarding: (i) theanticipated timing for filing the Required Filings; (ii) theanticipated revocation of the MCTO; and (iii) the Corporation’sability to remedy the default and comply with its continuousdisclosure obligations. 2. The forward-looking statementsare based on certain assumptions, including: (i) the Corporation’sability to obtain sufficient funding to pay audit fees and relatedprofessional costs; (ii) the timely completion of the audit by theCorporation’s auditors; and (iii) the absence of unanticipateddelays or regulatory issues impacting the Corporation’s remediationplan. 3. Risks and uncertainties that could cause actual results todiffer materially include: (i) delays in completing the audit andrelated filings; (ii) the Corporation’s inability to securenecessary financing or resources; (iii) the possibility of additionalregulatory actions; and (iv) general economic and market conditions. The Corporation undertakes no obligation to update forward-lookingstatements except as required by applicable securities laws. Readersare cautioned not to place undue reliance on forward-lookingstatements.Copyright (c) 2026 TheNewswire - All rights reserved.