(TheNewswire)

Richmond, BC, March 3, 2025 – TheNewswire - ABOUND Energy Inc. (“ABOUND” or the “Company”) (CSE: ABND) (OTC PINK: ZAIRF) (FSE: 0E9) announces an update to its Letter of Intent (LOI) with Alluvial Capital Corp. (“Alluvial”). Both parties have mutually agreed to allow the terms of the extended LOI to expire. Under a new arrangement, ABOUND will continue to work with Alluvial on a non-exclusive basis, providing flexibility as the Company advances its mission. Going forward, ABOUND will focus on deploying best-in-class resource recovery technologies under its revised brand name, Novare , to address the needs of its clients with innovative, efficient, and sustainable solutions.

The Novare platform represents ABOUND’s commitment to delivering tailored resource recovery systems that transform waste into valuable energy resources, meeting the diverse demands of industries worldwide. By leveraging cutting-edge technologies, Novare ensures ABOUND can provide scalable, environmentally responsible solutions that reduce waste, generate clean energy, and support clients in achieving their sustainability goals—all while maintaining the highest standards of efficiency.

“We are excited to move forward under this new framework,” said Keith Morlock, COO of ABOUND Energy Inc. “This arrangement empowers us to deliver Novare as a customizable, best-in-class solution, ensuring we meet the unique resource recovery needs of our clients with the most efficient and environmentally responsible technology available. We believe this structure will eliminate shareholder dilution that would otherwise exist in the original arrangement with Alluvial but will still maintain significant opportunities and flexibility to deploy resource recovery technology to expedite ABOUND’s revenue growth, reinforcing our commitment to driving innovation that benefits both our customers and our shareholders. Our relationship with our customers remains intact, and we anticipate deploying Novare by the end of 2025.

The Novare platform will serve as a production source of clean energy while creating a sustainable revenue stream for ABOUND and its partners. Paired with the Zaeras™ energy storage technology, ABOUND will optimize energy use, enhancing efficiency and delivering long-term value to stakeholders such as site owners, developers, and investors. This integrated approach captures financial and environmental benefits across the energy ecosystem, solidifying ABOUND’s leadership in the clean energy and resource recovery sectors.

Advancing Capital Growth Through Private Placement

ABOUND Energy Inc. remains committed to accelerating its growth initiatives through the continued advancement of its non-brokered private placement (the “Offering”). The Company remains focused on securing up to $1,000,000 by issuing units at a subscription price of $0.075 per unit, with each unit comprising one common share and one common share purchase warrant. Each warrant will be exercisable for two years into one common share at $0.125 per share during the first twelve months and $0.30 per share thereafter until twenty-four months from issuance. The proceeds are expected to support general working capital needs and provide critical financing to deploy ABOUND’s innovative Novare resource recovery technology, integrate it with the Zaeras™ energy storage solutions, and build a scalable platform for future growth. This strategic financing effort is designed to strengthen ABOUND’s capital base, enhance operational capacity, and expedite the delivery of sustainable energy solutions to clients worldwide. The Offering may close in one or more tranches, with all securities issued subject to a four-month-and-one-day hold period from the date of issuance. ABOUND views this initiative as a pivotal step in reinforcing its leadership in the clean energy and resource recovery sectors while maximizing value for shareholders and partners.

About ABOUND Energy Inc.

ABOUND specializes in developing scalable, environmentally friendly, long-lasting energy technology. Our patented Zaeras™ long-duration energy storage technology, leveraging zinc-air chemistry, guarantees the storage and on-demand delivery of electricity without the limitations or environmental risks associated with current market leaders.

About ABOUND’s Zaeras™ Technology

Zaeras™ is precision-engineered to meet future energy requirements, with a specific emphasis on simplifying long-duration energy storage. Harnessing the potential of its multi-patented Zaeras™ technology, ABOUND is poised to facilitate the seamless integration of green energy sources into the grid. This is achieved by minimizing curtailment, bridging the gap between supply and demand, and efficiently integrating green energy into the grid. ABOUND's strategic initiatives encompass opportunities for peak demand reduction, leveraging time-of-use arbitrage, participating in value stacking programs, and entering the distributed long-duration energy storage sector. These endeavors are aligned with our central objective of increasing the integration and resiliency of green energy, while stabilizing the grid.

Distinguished by its inherent safety—free from fire or explosion hazards—Zaeras™ guarantees sustained capacity over an extensive lifecycle. Simultaneously, it showcases versatility by independently managing charge and discharge operations. Comparable to other Flow Battery technologies, scaling up the energy capacity of Zaeras™ is as simple as increasing the size of the fuel tank; a cost-effective solution, from kWh to MWh. This is a welcome alternative to the fixed power-to-energy ratio constraints ingrained in traditional systems, such as Li-ion and Zinc Hybrid Batteries.

To learn more about ABOUND’s technology, please visit: https://Abound.Energy

Jason Birmingham, CEO

Email: Investors@Abound.Energy

Ph: +1 (672) 887-9688

Notice Regarding Forward Looking Statements

All statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that Abound anticipates or expects may or will occur in the future (in whole or in part) should be considered forward-looking statements.

Forward looking statements in this press release include that the proposed Transaction will be completed as described herein, that the Company will derive benefits from the Transaction as described herein, that the completion of the Transaction will accelerate revenue generation for the Company, the timeline for attainment of revenue, the integration and synergies between the technologies of Alluvial and Abound, the proceeds of the Offering will be used as described herein, that the Company will close the Offering, that we can execute the development and commercialization of a dependable low cost zinc-air battery; that our mass storage system offers both environmental and efficiency benefits; and that we can help meet the needs for secure and reliable power. Abound believes the material factors, expectations and assumptions reflected in the forward-looking statements are reasonable at this time, but no assurance can be given that these factors, expectations and assumptions will prove to be correct. The forward-looking statements included in this news release are not guarantees of future performance. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements including, without limitation: that the Company may not enter into a definitive agreement for the Transaction; that the Transaction may not be completed as described herein or at all; that the intended benefits of the Transaction will not be realized; that the Company will not achieve revenue on the timeline described herein or at all; that the technology of Alluvial may not perform as expected; that the Company may not complete the Offering; that the Company may not use the proceeds of the Offering as described herein, that we are not able to raise additional funds as expected on terms that are favorable to the Company or at all; that our technology fails to work as expected or at all; that our technology proves to be too expensive to implement broadly; that customers do not adapt our products for being too complex, costly, or not fitting with their current products or plans; our competitors may offer better or cheaper solutions for battery storage; general economic, market and business conditions; increased costs and expenses; inability to retain qualified employees; our patents may not provide protection as expected and we may infringe on the patents of others; and certain other risks detailed from time to time in Abound’s public disclosure documents, copies of which are available on the Company's SEDAR+ profile at www.sedarplus.ca. Readers are cautioned that the foregoing list of factors is not exhaustive and are cautioned not to place undue reliance on these forward-looking statements.

The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the CSE nor any Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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