GreenPower AGM, Appointment of Officers, Stock Option Grants

The 2022 Equity Incentive Plan includes a 10% rolling stock option and 2,499,116 common shares for performance-based awards. In addition, the Plan must be submitted to the TSX Venture Exchange for review and acceptance on an annual basis. In addition, after the AGM the Company granted 420,000 incentive stock options to the four Independent Directors and three Officers of the Company, 150,000 incentive stock options to employees of the Company and 35,000 stock options to two consultants. For the employees and the consultants, the stock options vest in increments beginning four months after the grant date, and the stock options will be fully vested three years after the grant date. 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.