innovating the future of global ammonia production

POWERING A CLEAN INDUSTRIAL FUTURE

CSE: AMMP • FRA: 601A • OTCQB: AMMPF

INNOVATING THE FUTURE OFGLOBAL AMMONIA PRODUCTION

Investor Deck 2021 2

INVESTMENT HIGHLIGHTS

Multiple Proprietary TechnologiesAmmPower is developing proprietary technology that will produce cleaner ammonia more efficiently.

Accomplished Team AmmPower’s Research & Development team has previously filed over 48 Canadian patents, 21 U.S. patents and has been a contribution writer in over 150 scientific publications.

Low Hanging Fruit: Industries in NeedTargeting the marine ammonia industry with over 120 global ports accepting ammonia currently.

Modular, Scalable, StackableAmmonia producing units will be flexible to fit a wide array of customers from individual organizations, large marine ports, and distribution hubs.

Effective and Efficient AmmPower is building a state of the art manufacturing facility in Michigan to develop optimal catalytic reactions that produce green ammonia.

Strong Path Revenue Poised for initial revenues in 2022, AmmPower will serve a wide variety of customers and projects margins of over 30% by 2026.

AmmPower is focused on producing Green Ammonia through the development of its proprietary process that is utilized by its modular onsite ammonia producing units.

KEY DIFFERENTIATORS

THE PROBLEM

The global clean energy movement is speeding up and is focused on shifting existing industries from current energy sources to clean and sustainable alternatives.

Lithium had been thought to be the solution to the clean energy movement, however it has been proven that lithium will not be able to provide enough power to support the transition of heavy industries to clean and sustainable energy sources.

In response, existing industries have been searching for alternatives to power their move to a sustainable future, and AmmPower believes ammonia is the answer.

AmmPower is focused on providing large and medium sized ammonia producing units for industry, manufacturing, heavy equipment operators, maritime & shipping.

cleanenergysustainable


THE AMMONIA MARKET

AMMONIA AND THE MARINE INDUSTRY

“Global Ammonia Industry to Reach US $70.3 Billion by the Year 2027.”

MAN Energy & Samsung Heavy Industries are part of an initiative to develop the first ammonia-fueled oil tanker by 2024.

Viking Energy is poised to become the first vessel propelled by ammonia fuel cells.

International Marine Organization has mandated that the marine industry must accomplish a goal of zero carbon emissions by 2040.

Over 120 ports are already equipped with ammonia trading facilities.

“Global Ammonia Market is Expected to Reach US $81.42 Billion by 2025.”

Oman-India JV plans US $2.5 Billion green ammonia project in Duqm SEZ.

Saudi Arabis invests UD $5 billion in hydrogen-based ammonia facility powered by renewable energy.- The Report Linker

https://www.globenewswire.com/news-release/2020/07/08/2059544/0/en/Global-Ammonia-Industry.html

https://www.lr.org/en/latest-news/industry-leaders-join-forces-on-ammonia-fuelled-tanker-project/

https://www.fch.europa.eu/news/major-fch-ju-funded-project-will-install-world’s-first-ammonia-powered-fuel-cell-vessel

- Haldor Topsoehttps://info.topsoe.com/ammonfuel

- Fior Marketshttps://www.globenewswire.com/news-release/2020/03/16/2000828/0/en/Global-Ammonia-Market-is-Expected-to-Reach-USD-81-42-Billion-by-2025-Fior-Markets.html

- Zawyahttps://www.zawya.com/mena/en/business/story/OmanIndia_JV_plans_25bln_green_ammonia_project_in_Duqm_SEZ-SNG_205188247/ - Middle East Business Intelligence

https://www.meed.com/firms-sign-saudi-clean-hydrogen-deal

$70.3B $81.42B $2.5B $5B

“Readily available market that is turning to ammonia for its energy needs.”



AMMPOWER OPPORTUNITY

OUR OBJECTIVES

Develop proprietary processes and chemicals for developing green ammonia with minimal by-products and residual contaminants.

Design and manufacture modular & scalable green ammonia production units, delivering green energy onsite.

Scale production to readily provide industry leaders with ammonia manufacturing units.

WHAT IS AMMONIA?

Ammonia, also known as NH3, is a colorless gas with a distinct odor composed of nitrogen and hydrogen atoms. It is produced naturally in the human body and in nature—in water, soil and air, even in tiny bacteria molecules.

Ammonia has 1.8X THE ENERGY DENSITY of Hydrogen

Ammonia is STORED AT -33C compared to -253C required for Hydrogen

Ammonia is LESS FLAMMABLE, EASIER TO TRANSPORT, and more COST EFFECTIVE.

stored at -33C

1.8XAmmonia holds 9X THE ENERGY of Lithium-Ion Batteries

9X

AMMPOWER AMMONIA UNITS

SYNTHESISGENERATION

SOLAR POWER

WIND POWER


GRID

USE

GAS TURBINEPOWER GENERATION

FUEL FOR AMMONIA POWERED SHIPS

AMMONIA CRACKINGTO HYDROGEN

AMMONIA FUELCELL VEHICLES

AMMONIASTORAGE

N2

H2

NH3AMMPOWER POWERPLANT

• Each AmmPower unit will produce Green Ammonia suitable for commercial applications.

• Units will be manufactured in Michigan and shipped to customers with minimal setup requirements.

• AmmPower’s optimized units will combine innovative techniques & new intellectual property to produce cleaner ammonia at a reduced cost compared to competitors

• Units will be modular and scalable, providing quick deployment from small to large scale applications.

MICHIGAN MANUFACTURING FACILITY

Aiming to become a world leader in scalable proprietary production of Green Ammonia:

• 15,000 ft2 facility.• Large manufacturing capabilities, large power capacity for onsite ammonia production & experimentation. • The facility is able to physically expand into larger manufacturing space as

required by customer demand and scientific success. Investor Deck 2021 7

Through the combination of science and industrial manufacturing, AmmPower’s team will look to file multiple patent applications in conjuction with the formation of intellectual property.

OPTIMIZATION

Combine process and manufacturing technique to develop an ammonia

producing unit.

Phase I & II Units will be continuously optimized

through this process.

RESEARCH

Spearhead catalytic research for optimal

ammonia production.

Develop stable and reliable production

processes.

MANUFACTURING

Develop a scalable and quickly deployable unit.

Develop efficient manufacturing processes.

Refine manufacturing process for large scale production.

AmmPower’s dedicated manufacturing facility will produce: • Green Ammonia units:

• AmmPower Phase I Units (3 Sizes) - 0.1 to 1 Tons/Day• AmmPower Phase II Units (3 Sizes) - 1 to 25 Tons/Day

• Retro-fit equipment for industry. • Custom production plants for Maritime & Port applications.

MANUFACTURING TO SCALE WITH HEALTHY MARGINS

23%MARG I N

YEAR 1

35%MARG I N

YEAR 4

RESEARCH & DEVELOPMENT

The AmmPower team is working to develop a proprietary ammonia production process by incorporating innovative catalysts and refining processing conditions to more efficiently produce ammonia.

Target Intellectual Property & Patents:• AmmPower Green Ammonia units• Retro-fit technology• Optimized chemical production process of

Green Ammonia

innovativeteam

A long track record of building successful research & development projects

The team isheaded by Dr. V.I. Lucky Lakshmanan Ph.D., FCAE., MIMM., FCIM

Previously Filed over

48 Canadian patents

21 U.S. patents

Over

150 scientific publications



CHIEF EXECUTIVE OFFICER - GARY BENNINGER After a long career in the automotive industry, Dr. Gary N. Benninger has recently stepped down from his position at Magna International Inc., a $40 billion USD automotive parts supplier, third largest in the world.

At Magna he held key management positions including Executive Vice President of Engineering and R&D for the Corporation and Division General Manager where he launched the automotive interior trim business and initiated the development of new technologies resulting in over $1 billion USD in sales. As Vice President of Product development he reported directly to the chairman of the board and founder of the company regarding new products and technologies. Most recently, at Magna, he played a key roll in locating and identifying new technologies to be used to create future innovative products for the company.

Dr. Benninger also held key management positions outside Magna as the Chief Operating Officer of the North American Operations of the Becker Group, a $1.5 billion privately held automotive interior systems supplier where Gary managed fourteen manufacturing plants and as the Chief Executive Officer of the publically traded Amerityre Corporation, a polyurethane tire developer and manufacturer.

Prior to joining Magna he worked for Ford Motor Company as a product engineering manager, where he was awarded the Society of Plastics Engineers and the Society of the Plastics Industry Grand Awards and for the National Aeronautics and Space Administration (NASA) as a research scientist in the Energy Conversion and Materials Science Division of the Glenn Research Center. He is the author of numerous technical papers and holds patents on disc brakes, radiators, air conditioning compressor clutches, tires and outdoor equipment. He was a Captain in the U.S. Army Field Artillery. Dr. Benninger holds B.S., M.S., and Ph.D. degrees in Physics.

• Served on Board of Directors of three companies.

• CEO of technology based, NASDAQ traded company.

• COO of automotive parts company having 14 manufacturing operations and $500 million in sales.

• Executive Vice President of Engineering and R&D of $7 billion auto parts company.

• General Manager of $45 million auto parts manufacturing division.

• Consultant to multibillion-dollar corporation in the areas of innovation and technology development.

• Developed new product strategies and acquired new technologies as Division General Manager that resulted in over $1 billion of new business.

• Built, successfully launched and ran new automotive parts manufacturing division (received GM Supplier of the Year Award).

• Turned-around under-performing manufacturing operations.

PROVEN CAPABILITY


MANAGEMENT TEAM

Dr. Moreno is a Physics Engineer with a PhD in Materials Science and Mechanics from Imperial College London, in the UK. She has almost two decades experience in Finance, Business Development and Technical Research, with a focus on Technology, and Mining and Metals industries. Dr. Moreno held positions as Senior Analyst at Toronto-based investment banks and as an Investment Research Analyst at a global investment research firm. She co-authored a book on mineral processing and project financing and authored a number of advanced industry and technical reports on key strategic/technology minerals. Currently, she is the Managing Director of Tahuti Global Inc., a company that she founded. Tahuti is a successful consulting firm in the areas of Energy, Technology, Minerals, Public Policy, Asset Management and Manufacturing. As a strategic consultant she assists companies and institutional investors with economic and technical assessments of mineral assets and technologies. She also works with government institutions tasked with mineral development, value addition and supply chain development.

DR. LUISA MORENO VP Technology & Government Relations

Mr. Lalani is an accounting and finance professional with over 10 years of experience covering audit, financial reporting, corporate finance, and operations management. Mr. Lalani previously worked in the audit and assurance group at PricewaterhouseCoopers LLP, Canada, where he obtained his CPA, CA designation, gaining vast experience in accounting practices in both the public and private sectors during his tenure.

FAIZAAN LALANI Chief Financial Officer

Over the past 25 years, Mr. Bharti has played vital roles in companies in both the private and public sectors. Mr. Bharti began his career working in the mining industry, culminating in his role with start-up Avion Gold Corp., a West African gold company that was eventually sold for $300 million to Endeavour Mining. Subsequently, Mr. Bharti founded ARHT Media, a technology company currently trading on the Toronto Stock Exchange, and Future Fertility Inc., an Artificial Intelligence company in the biotech space. Mr. Bharti has been responsible for helping raise over $500 million for various ventures over the past two decades, often serving as a consultant with fundraising and subsequent IPO processes. In addition, Mr. Bharti has helped many companies streamline their business model to increase profitability and sucess.

Mr. Bharti holds a Bachelor of Commerce (B.Comm- Honors), from Queens University.

RENE BHARTI President

Paul Sparkes is an accomplished business leader and entrepreneur with over twenty five years of experience in media, finance, capital markets and Canada’s political arena. Paul spent a decade as a leader in the broadcast and media industry as CTVglobemedia’s Executive Vice President, Corporate Affairs. He also held senior positions in public service, including with the Government of Canada as Director of Operations to Prime Minister Jean Chretien, and as a senior aide to two Premiers of Newfoundland and Labrador. Paul was a Co-Founder and executive vice chairman at Difference Capital Financial and serves on a number of private and public boards. He is currently President of Otterbury Holdings Inc., and is an advisor and deal maker for growth companies in the private and public markets.

PAUL SPARKSAdvisor


Initiate R&D of Green Ammonia production

Begin constructionof Michigan Facility

Evaluate findings from R&D

Begin applicationfor Green Business loan from Canadian Government

Begin installation of units at Ports & other partners

Open production facility in Europe

Begin feasibiltystudyfor marine project

Begin applicationsfor marine specific Goverment Grants

Validate 1st production unitsSecure

1st pilot project partner

Commercial bid entered for marine project

Begin design & construction of Green Ammonia production unit

Deliver 1st production units

Secure additional production contracts

Enter feasability study for Mining & Agriculture applications

Identify ‘retro-fit’ partners in marine & other industries

Demonstrate NH3 production capability, Phase I Units & Tech

Ramp production to facility capacity

INITIAL FUNDINGCOMPLETE

TODAY Q4 2021 Q4 2022

AMMPOWER PROGRAM AND FUNDING MILESTONES

Financing for oroduction expansion

Demonstrate NH3 Production capability, Phase II Units & Tech

Financing for additional production facilities

Begin applicationfor Green tax credits from United States Government


CAPITALIZATION

All values are in Canadian Dollars

* 9,522,952 Warrants at $0.60 - $5.7m

8,000,000 Warrants at $0.05 - $0.4m

3,151,788 Warrants at $0.10 - $0.315m

370,028 Warrants at $0.42 - $0.155m

SHARES

Issued & Outstanding

Warrants*

Fully Diluted

61,039,142

21,044,768

82,083,910



DISCLAIMERThis presentation is confidential and is being issued by AmmPower (the “Company”) for informational purposes only. Reliance on this presentation for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. This presentation may not be copied, reproduced, distributed, discussed or used without the express written consent of the Company or its advisors on its behalf, or for any other purpose than the evaluation by the recipient of a possible investment in the Company.

The Company does not make any representation or warranty as to the accuracy or completeness of the information in this presentation, and the information herein may not be relied upon by you in evaluating the merits of investing in any securities referred to herein. This presentation does not contain, nor does it purport to contain, a summary of all of the material information concerning the Company or the terms and conditions of any potential investment in the Company. If and when you determine to proceed with discussions and investigations regarding a possible investment in the Company, prospective investors are urged to carry out independent investigations in order to determine their interest in investing in the Company.

In furnishing this presentation to the recipient, the Company and its advisors reserve the right to provide the same or similar information to other persons and to enter into agreements with other parties regarding the opportunity described in this presentation and to cease to provide the recipient with information on the opportunity, all without notice to the recipient.

This presentation is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of securities in the United States, Canada or any other jurisdiction. No securities commission or similar authority of the United States, Canada, or any other jurisdiction has reviewed or in any way passed upon this document or the merits of the securities described herein, and any representation to the contrary is an offence.

This presentation does not contain all of the information that would normally appear in a prospectus under applicable Canadian or United States securities laws. Neither the delivery of this presentation, at any time, nor any sale made pursuant hereto, will imply that the information contained herein is correct as of any time subsequent to the date set forth on the cover page hereof or the date at which such information is expressed to be stated, as applicable, and, except as may be required by applicable law, the Company is under no obligation to update any of the information contained herein (including forward looking statements and forward looking information) or to inform the recipient of any matters of which it becomes aware that may affect any matter referred to in this presentation (including, but not limited to, any error or omission which may become apparent after this presentation has been prepared).

This presentation is not intended as an offer or solicitation with respect to the purchase or sale of any financial instrument. If a private placement of the equity securities of the Company occurs, such transaction may not be registered under the Securities Act of 1933, as amended (the “Act”), or the securities laws of any other jurisdiction, and would be conducted in reliance on exemptions from the registration requirements of the Act and other applicable laws and subject to selling and transfer restrictions.

Investing in the Company involves significant risks given the early stage nature of the Company’s business. Prior to

investing in the Company, prospective investors are urged to consult with their legal, investment, accounting, tax and other advisors to determine the risks and consequences of an investment in the Company. Prospective investors should not construe the contents of this presentation as investment or legal advice.This presentation contains certain forward-looking statements and forward-looking information. Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimates,” “potential,” “possible,” “projects,” “plans,” and similar expressions, or statements that events, conditions or results “will,” “may,” “could,” or “should” occur or be achieved or their negatives or other comparable words. Any forward-looking statements made herein or made elsewhere by the Company are made solely based on information available to the Company as of the date hereof and based only on the Company’s current beliefs, expectations and assumptions regarding the future of its business, anticipated events and trends, the economy and other future conditions. As such, they are subject to inherent uncertainties, risks, assumptions and changes in circumstances that are difficult to predict (including but not limited to risks applicable to early stage ventures and cannabis organizations), and in many cases outside of the Company’s control, and you should not rely on such forward-looking statements. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, any statements about historical results that suggest trends for the Company’s business, any statements of plans, strategies and objectives of management and any statements of expectation or belief regarding future events. “Future-oriented financial information” is forward-looking information about prospective results of operations, financial position or cash flows, based on assumptions about future economic conditions and courses of action, and presented in the format of a historical statement of financial position, statement of comprehensive income or statement of cash flows. Similarly, a “financial outlook” is forward-looking information about prospective financial performance, financial position or cash flows that is based on assumptions about future economic conditions and courses of action that is not presented in the format of a historical statement of financial position, statement of comprehensive income or statement of cash flows. Future-oriented financial information and financial outlook made herein or made elsewhere by the Company are made solely based on the information available to the Company as of the date hereof and are subject to the same assumptions, risk factors and other qualifications as all other forward-looking information, and presented solely for the purpose of conveying the current anticipated expectations of the Company and may not be appropriate for any other purposes.

Forward-looking statements and forward-looking information address future events and conditions and therefore involve inherent known and unknown risks and uncertainties. Actual results may differ materially from those in the forward looking statements and forward-looking information due to risks facing the Company or due to actual facts differing from the assumptions underlying its predictions.

Certain of the information contained in this presentation concerning the industry and its trends and performance is based upon or derived from information provided by third-party consultants, other industry sources and our research. The Company believes such information is accurate and that the sources from which it has been obtained are reliable. However, the Company cannot guarantee the accuracy of such information and has not independently verified the assumptions upon which any projections are based.

In the event this presentation is considered to be an offering memorandum, a summary of a purchaser’s rights of action and rescission are included in the Appendix hereto.

POWERING AN INDUSTRIALCLEAN FUTURE

INNOVATING THE FUTUREGLOBAL AMMONIA PRODUCTION

[email protected]

Corporate Presentation 2021

CSE: AMMPFRA: 601AOTCQB: AMMPF

APPENDICES


APPENDIX A: TYPES OF AMMONIA & COSTS

Traditional Ammonia using Natural Gas.1 Ton of Ammonia results in 2 tons of CO2.

BROWN (GREY) AMMONIA

Traditional Haber-Bosch Ammonia method but using CCS (Carbon Capture & Storage). Also applies to Government grant of $50/ton.

BLUE AMMONIA

Ammonia made using methane pyrolysis – splitting methane into Hydrogen & Carbon – also known as CARBON BLACK

TURQUOISE AMMONIA

Ammonia made of Green elements and creating no CO2 by product

GREEN AMMONIA

HYDROGEN $5/KG

ELECTRICITY $0.05/KWH

WIND $0.02/KWH

SOLAR $0.05/KWH

TIDAL $0.02/KWH

(These figures represent an average and vary across regions)


APPENDIX B: TAX CREDIT

(source: www.betterenergy.org)

New Tax Credit in place called the 45Q Tax Credit: • pays $50/ton for Permanent CO2 Storage• pays $35/ton for EOR (Carbon displacement used in OIL) i.e., Turquoise NH3

Section 45Q of the US tax code provides a performance-based tax credit for carbon capture projects that can be claimed when an eligible project has:

• securely stored the captured carbon dioxide (CO2) in geologic formations, such as oil fields and saline formations, or

• beneficially used captured CO2 or its precursor carbon monoxide (CO) as a feedstock to produce fuels, chemicals, and products such as concrete in a way that results in emissions reductions as defined by federal requirements.

45Q TAX CREDIT

WHAT IS THE SECTION 45Q CARBON CAPTURE TAX CREDIT?


APPENDIX C:TRADITIONAL AMMONIA MANUFACTURING PROCESS

O2

O2

NH3ELECTROLYZER STEADY-STATEREACTOR

ENERGY

FOSSIL HYDROCARBON

FOSSILHYDROCARBON

WATERH2

AIRH2

Uses fossil fuel for feedstock & fuelEmits CO2

Cannot ramp quickly to follow wind & solar


APPENDIX D:PROJECTED MARINE FUEL USE TO 2050

As the International Maritime Organization mandates reduced greenhouse gas emissions in the shipping industry, , ammonia and hydrogen are projected to be the leading alternatives to traditional oil-based fuels by 2050.

Illustration: Michael Solita. Source: American Bureau of Shipping


APPENDIX E:ENERGY CAPACITY

Illustration: Michael Solita. Source: American Bureau of Shipping

innovating the future of global ammonia production

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