First Hydrogen and Rivus, a Member of the UK Aggregated Hydrogen Freight Consortium ('AHFC'), Partner for LCV Trials

Vancouver, British Columbia - Newsfile Corp. - March 28, 2023 - First Hydrogen Corp. (TSXV: FHYD) (OTC Pink: FHYDF) (FSE: FIT) ("FIRST HYDROGEN" or the "Company") partners with multi-award-winning fleet management provider and member of the UK Aggregated Hydrogen Freight Consortium, Rivus ("Rivus" https://www.rivusgroup.co.uk), to start operational trials with first-of-its-kind hydrogen-fuel-cell powered vehicle (FCEV). Rivus is an UK-based fleet management company, with over 1,300 employees, 78 UK-wide garages and 500 garage-partners, for some of the UK's largest and most critical fleets, managing over 120,000 light commercial and heavy goods vehicles each year. Rivus is the first company to participate in vehicle trials with First Hydrogen's Generation I zero-emission LCV's, co-ordinated through the AFHC, which is led by Element Energy with input from the global industrial members of UK H2Mobility (www.ukh2mobility.co.uk/members). The consortium works together with large UK fleet operators to accelerate the commercial rollout of fuel cell vans and trucks and hydrogen refuelling infrastructure.

Rivus will test First Hydrogen's light commercial vehicles ("LCV") for a month in the Birmingham and Sheffield areas, which are served by hydrogen refuelling stations. Rivus will run First Hydrogen's vehicle on pre-planned routes to measure performance under different driving conditions. Telematics and onboard instruments will capture data on vehicle performance, efficiency, and fuel consumption. The findings will contribute to First Hydrogen's overall evaluation and mileage accumulation programme, which supports vehicle optimisation and determines Total Cost of Ownership.

The trials enable fleet managers from sectors including grocery, express delivery, utilities, healthcare, and roadside assistance, to experience the benefits of FCEVs within their own operations. Hydrogen powertrains possess a greater range, higher payload capacity and faster refuelling than equivalent battery electric vehicles. First Hydrogen's vehicle has a range of 400-600km on a single fuel tank filled at 700 bar, which takes approximately five minutes to fill. The programme enables operators to compare different vehicle technologies in action. Fifteen (15) major fleet operators have registered an interest in taking part in First Hydrogen's 12-18-month LCV trial programme.

Upon completion of the trial, Rivus will produce its own independent report analysing the performance of the hydrogen-powered LCV, which will be available to fleet managers and Rivus customers. The report will share valuable insight into the benefits and practicality of adopting hydrogen mobility.

Steve Gill, CEO Automotive at First Hydrogen, says: "It is incredibly valuable to partner with Rivus for the first of our vehicle fleet trials. As highly regarded fleet specialists, we're keen to receive Rivus' feedback. They will put the vehicle through its paces and test it under various duty cycles. Their findings will showcase our vehicle's capabilities to a new audience of fleet customers and create market demand. Rivus' input will help us to optimise performance and will also inform our plans for future vehicle development and deployment. The team's expertise will also help us to support fleet operators to switch to zero-emission vehicles."

Thomas Maerz, CDO at Rivus, comments: "We are delighted to be the first trial participants and for our drivers to test this first-of-its-kind, zero-emission commercial vehicle. Having this time to evaluate the vehicle's capabilities will significantly add to our insight into alternative fuels, especially in the LCV class. In light of 2030 targets, this knowledge enables us to help operators with critical fleets that need to transition to zero emission. Providing this support gives our customers confidence in their transition and fuels our ambition to create a cleaner and more sustainable future."

About First Hydrogen Corp. (FirstHydrogen.com)
First Hydrogen Corp. is a Vancouver and London UK-based company focused on zero-emission vehicles, green hydrogen production and distribution and supercritical carbon dioxide extractor systems. The Company is designing and building hydrogen-fuel-cell-powered light commercial demonstrator vehicles ("LCV") under two agreements with AVL Powertrain and Ballard Power Systems Inc. The LCV will have a range of 500+ kilometres. At the same time, the Company has launched its bespoke vehicle design phase which will develop its fleet of proprietary zero-emission vehicles. First Hydrogen is also developing refueling capability working with FEV Consulting GmbH, the automotive consultancy of FEV Group of Aachen Germany. As well, the Company is pursuing opportunities in green hydrogen production and distribution in the UK, EU and North America.

About Rivus
Rivus is an award-winning fleet management company with over 100 years of experience in the fleet industry.

The Rivus story began in 2019, when private equity investors Aurelius acquired BT Fleet Solutions. Since then, we've worked relentlessly to provide unbeatable fleet management support to our customers. Aurelius also acquired Pullman Fleet Solutions in November 2020. Before the integration with Rivus, Pullman was the largest independent provider of commercial HGV maintenance and fleet management in the UK. Combining the strength and expertise of Rivus and Pullman together makes us a driving force in the UK fleet management industry.

On behalf of the Board of Directors of
FIRST HYDROGEN CORP.
"Balraj Mann"
Chairman & Group CEO
Contact:
Balraj Mann
First Hydrogen Corp.
604-601-2018
investors@firsthydrogen.com

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