(MENAFN- Newsfile Corp) Calgary, Alberta--(Newsfile Corp. - October 30, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the " Company " or " Nu E ") is pleased to announce that further to its news release dated October 7, 2025, it has closed the final tranche of its non-brokered private placement offering of an additional 1,000,000 units in the capital of the Company (the " Units ") at a price of $0.15 per Unit for additional gross proceeds of $150,000 (the " Offering "). Each Unit consists of one common share in the capital of the ‎Company (each, a " Common Share ") and one-half of one Common Share ‎purchase warrant (each whole warrant, a " Warrant "). Each Warrant will ‎entitle the holder thereof to purchase one Common Share (each, a ‎‎" Warrant Share ") at a price of $0.30 per Warrant Share for a period of 36 months after the closing date of ‎the Offering.‎

The net proceeds from the sale of the Units will be used for general working capital purposes. The Units, including all underlying securities thereof, will have a hold period of four months and one day from the date of issue.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " 1933 Act "), or any state securities laws and may not be offered or sold in the "United States" or to "U.S. persons" (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Nu E Power Corp.

Nu E Power Corp. is a green energy company focused on the developing, construction, and operating clean and renewable energy infrastructure across North America. The Company has a partnership with Low Carbon Canada Solar Limited, a subsidiary of the UK based renewables major, Low Carbon Investment Management Ltd., to facilitate non-dilutive investment into the Company with the goal of developing up to 2GW of renewable energy projects in Canada by 2030.

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