Regina, Saskatchewan - HTC Purenergy Inc. (dba 'HTC Extraction Systems') ('HTC') (TSX-V: HTC) (OTCQB:HTPRF)(UII:FRA) is pleased to announce that HTC's previously announced asset sale pursuant to which it sold its 27,000 square foot building (the 'Building') in Lajord Saskatchewan (the 'Transaction') to KF Homestead Properties Inc. ('Homestead'), as described in HTC's news release dated December 30, 2021, has been approved by the TSX Venture Exchange and has today closed.

The Building was sold at a fair market value of $1,190,000 ('Purchase Price'), which value was independently confirmed. A deposit of $500,000 was previously paid to HTC, and the remainder of the Purchase Price will be paid in equal installments over 18 months, commencing April 1, 2022. Pursuant to the Transaction, HTC retains the exclusive option, for a period of 10 years, renewable for an additional 10-year period at the option of HTC, to purchase the Building back from Homestead at the original Purchase Price, as well as a right of first refusal, should Homestead wish to sell the Building or the land upon which the Building is situate. The Building will be leased back to HTC for a 5 year term, with the option to renew for an additional 5-year term, at fair market rent.

Contact:

Jeffrey Allison

HTC Extraction Systems

Tel: 3063526132

Email: jallison@htcenergy.com

WEB: www.htcextraction.com

This press release contains 'forward-looking statements' or 'forward-looking information' (collectively referred to herein as 'forward-looking statements') within the meaning of applicable securities legislation. Such forward- looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of HTC. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects', 'plans', 'anticipates', 'believes', 'intends', 'estimates', 'projects', 'potential' and similar expressions, or that events or conditions 'will', 'would', 'may', 'could' or 'should' occur or be achieved. This press release contains forward-looking statements pertaining to, among other things, the timing and ability of the Corporation to close the Asset Sale Agreement, if at all and the timing

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