TORONTO , Oct. 30, 2026 /PRNewswire/ -- PowerBank Corporation (NASDAQ: PBK) (Cboe CA: PBK) (FSE: 103) (" PowerBank " or the " Company "), a vertically integrated independent North American energy company, reports that the nominees listed in the management information circular dated September 23, 2026 (the " Circular ") for the 2026 Annual General Meeting of shareholders (the " Meeting ") were elected as directors of PowerBank. Detailed results of the vote for the election of directors held at the Annual General Meeting on October 29, 2026 in Toronto, Ontario , are set out below: Votes for % Votes for Votes withheld % Votes withheld Dr. Richard Lu 8,313,344 99.35 % 54,333 0.65 % Matthew Wayrynen 8,282,459 98.98 % 85,218 1.02 % Paul Pasalic 8,304,084 99.24 % 63,593 0.76 % Paul Sparkes 8,281,775 98.97 % 85,902 1.03 % Chelsea Nickles 8,298,066 99.17 % 69,611 0.83 % Shareholders at the Meeting also voted in favour of appointing Deloitte LLP as auditors and approved a special resolution approving an amendment to the Company's articles to consolidate its issued and outstanding shares on a basis of a ratio to be determined by the directors as set out in the Circular. About PowerBank Corporation PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of almost one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built. To learn more about PowerBank, please visit www.powerbankcorp.com . FORWARD-LOOKING STATEMENTS This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. In particular and without limitation, this news release contains forward-looking statements pertaining to the Company's expectations regarding its industry trends and overall market growth; the Company's growth strategies; and the size of the Company's development pipeline. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward looking statements included in this news release, the Company has made various material assumptions, including but not limited to: obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company's ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; that the procurement of transformers is sufficient to safe harbor the Company's projects in order for the Projects to remain eligible for the United States Investment Tax Credits; the Company's ability to attract and retain skilled staff; market competition; the products and services offered by the Company's competitors; that the timing and conditions for release of reserve and lockbox funds will be satisfied; that interest rates under the new facility will remain consistent with current terms; that the Company's current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these