ABOUND Energy Outlines Future of its Resource Recovery Plans

(TheNewswire)

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

The Novare platformrepresents ABOUND’s commitment to delivering tailored resourcerecovery systems that transform waste into valuable energy resources,meeting the diverse demands of industries worldwide. By leveragingcutting-edge technologies, Novare ensures ABOUND can provide scalable, environmentallyresponsible solutions that reduce waste, generate clean energy, andsupport clients in achieving their sustainability goals—all whilemaintaining the highest standards of efficiency.

“We are excited to move forward under this new framework,” saidKeith Morlock, COO of ABOUND Energy Inc. “This arrangement empowersus to deliver Novare as acustomizable, best-in-class solution, ensuring we meet the uniqueresource recovery needs of our clients with the most efficient andenvironmentally responsible technology available. We believe thisstructure will eliminate shareholder dilution that would otherwiseexist in the original arrangement with Alluvial but will stillmaintain significant opportunities and flexibility to deploy resourcerecovery technology to expedite ABOUND’s revenue growth, reinforcingour commitment to driving innovation that benefits both our customersand our shareholders. Our relationship with our customers remainsintact, and we anticipate deploying Novare by the end of 2025.

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

Advancing Capital GrowthThrough Private Placement

ABOUND Energy Inc. remains committed to acceleratingits growth initiatives through the continued advancement of itsnon-brokered private placement (the “Offering”). The Companyremains focused on securing up to $1,000,000 by issuing units at asubscription price of $0.075 per unit, with each unit comprising onecommon share and one common share purchase warrant. Each warrant willbe exercisable for two years into one common share at $0.125 per shareduring the first twelve months and $0.30 per share thereafter untiltwenty-four months from issuance. The proceeds are expected to supportgeneral working capital needs and provide critical financing to deployABOUND’s innovative Novare resource recovery technology, integrate it with theZaeras™ energy storage solutions, and build a scalable platform forfuture growth. This strategic financing effort is designed tostrengthen ABOUND’s capital base, enhance operational capacity, andexpedite the delivery of sustainable energy solutions to clientsworldwide. The Offering may close in one or more tranches, with allsecurities issued subject to a four-month-and-one-day hold period fromthe date of issuance. ABOUND views this initiative as a pivotal stepin reinforcing its leadership in the clean energy and resourcerecovery sectors while maximizing value for shareholders andpartners.

About ABOUND Energy Inc.

ABOUND specializes in developing scalable,environmentally friendly, long-lasting energy technology. Our patentedZaeras™ long-duration energy storage technology, leveraging zinc-airchemistry, guarantees the storage and on-demanddelivery of electricity without the limitations or environmental risksassociated with current market leaders.

About ABOUND’s Zaeras™Technology

Zaeras™ is precision-engineered to meet future energyrequirements, with a specific emphasis on simplifying long-durationenergy storage. Harnessing the potential of its multi-patentedZaeras™ technology, ABOUND is poised to facilitate the seamlessintegration of green energy sources into the grid. This is achieved byminimizing curtailment, bridging the gap between supply and demand,and efficiently integrating green energy into the grid. ABOUND'sstrategic initiatives encompass opportunities for peak demandreduction, leveraging time-of-use arbitrage, participating in valuestacking programs, and entering the distributed long-duration energystorage sector. These endeavors are aligned with our central objectiveof increasing the integration and resiliency of green energy, whilestabilizing the grid.

Distinguished by its inherent safety—free from fireor explosion hazards—Zaeras™ guarantees sustained capacity over anextensive lifecycle. Simultaneously, it showcases versatility byindependently managing charge and discharge operations. Comparable toother Flow Battery technologies, scaling up the energy capacity ofZaeras™ is as simple as increasing the size of the fuel tank; acost-effective solution, from kWh to MWh. This is a welcomealternative to the fixed power-to-energy ratio constraints ingrainedin traditional systems, such as Li-ion and Zinc HybridBatteries.

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

Jason Birmingham, CEO

Email: Investors@Abound.Energy

Ph: +1 (672) 887-9688

Notice Regarding Forward LookingStatements

All statements and disclosures, other than those ofhistorical fact, which address activities, events, outcomes, resultsor developments that Abound anticipates or expects may or will occurin the future (in whole or in part) should be consideredforward-looking statements.

Forward looking statements in this press releaseinclude that the proposed Transaction will be completed as describedherein, that the Company will derive benefits from the Transaction asdescribed herein, that the completion of the Transaction willaccelerate revenue generation for the Company, the timeline forattainment of revenue, the integration and synergies between thetechnologies of Alluvial and Abound, the proceeds of the Offering willbe used as described herein, that the Company will close the Offering,that we can execute the development and commercialization of adependable low cost zinc-air battery; that our mass storage systemoffers both environmental and efficiency benefits; and that we canhelp meet the needs for secure and reliable power. Abound believes thematerial factors, expectations and assumptions reflected in theforward-looking statements are reasonable at this time, but noassurance can be given that these factors, expectations andassumptions will prove to be correct. The forward-looking statementsincluded in this news release are not guarantees of futureperformance. Such forward-looking statements involve known and unknownrisks, uncertainties and other factors that may cause actual resultsor events to differ materially from those anticipated in suchforward-looking statements including, without limitation: that theCompany may not enter into a definitive agreement for the Transaction;that the Transaction may not be completed as described herein or atall; that the intended benefits of the Transaction will not berealized; that the Company will not achieve revenue on the timelinedescribed herein or at all; that the technology of Alluvial may notperform as expected; that the Company may not complete the Offering;that the Company may not use the proceeds of the Offering as describedherein, that we are not able to raise additional funds as expected onterms that are favorable to the Company or at all; that our technologyfails to work as expected or at all; that our technology proves to be too expensive to implement broadly; thatcustomers do not adapt our products for being too complex, costly, ornot fitting with their current products or plans; our competitors mayoffer better or cheaper solutions for battery storage; generaleconomic, market and business conditions; increased costs andexpenses; inability to retain qualified employees; our patents may notprovide protection as expected and we may infringe on the patents ofothers; and certain other risks detailed from time to time inAbound’s public disclosure documents, copies of which are availableon the Company's SEDAR+ profile at www.sedarplus.ca. Readers arecautioned that the foregoing list of factors is not exhaustive and arecautioned not to place undue reliance on these forward-lookingstatements.

The forward-looking statements contained in this newsrelease are made as of the date hereof and the Company undertakes noobligations to update publicly or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise, unless so required by applicable securities laws.

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

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