Element One Hydrogen arranges financing, launches marketing campaign

Vancouver, British Columbia--(Newsfile Corp. - June 23, 2026) - Element One Hydrogen & Critical Minerals Corp. ( CSE: EONE)  (" Element One " or the " Company ") is pleased to announce that it has closed two non-brokered private placements for total gross proceeds of $544,950 (the "Offerings"). The Company has allocated and issued a first tranche of 2,633,000 units (the "Units") at a price of $0.15 per Unit. Each unit consists of one ("share") of the Company, and one transferable share purchase warrant (a "Unit Warrant"), with each Unit Warrant entitling the holder to acquire one additional common share at an exercise price of $0.20 for a period of thirty-six (36) months from the closing date.

The Units have been purchased by Directors and Officers of the Company. The Company has allocated and issued 3.0 million transferable share purchase warrants (the "Warrants") at a price of $0.05 per Warrant with each Warrant entitling the holder to acquire one common share of the Company at an exercise price of $0.25 for a period of twelve (12) months from the closing date. All securities issued under these private placements will be subject to a hold period of four (4) month plus a day.

There were no finders' fees involved with the Offerings. The gross proceeds from both private placements will be used for ongoing research, marketing and general and administrative expenses. Two Insiders of the Company (the " Insiders ") subscribed in the Units for aggregate gross proceeds of $394,950.

The issuance of Units to the Insiders are considered a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). The Company relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the Insiders participation in the Private Placement did not exceed 25% of the fair market value of the Company's market capitalization. The Company will file a material change report in respect of the related party transaction.

Marketing Agreement The Company announces that it has engaged with PRAI Inc. ("PRAI") to perform marketing services for a term commencing June 19, 2026, until the earlier of six months or until budget exhaustion. PRAI is a limited liability company existing under the laws of Florida with an office at 429 Lenox Avenue, Miami Beach, Florida 33139 (Contact: Valentin Saitarli email: val@PRAI.co; phone: 415-722-0162). PRAI will provide marketing services on Element One's behalf, including content marketing, native advertisements, SMS and email marketing, display advertisements, landing pages, influencer networking, push notifications, OmniChannel programmatic advertising, marketing awareness, and pay-for-click advertising in order to assist the Company in raising public awareness of the Company and enhance its online presence in compliance with the policies and guidelines of the Canadian Securities Exchange (the "CSE").

PRAI may use third-party service providers for the purpose of some of these marketing activities. Compensation is C$500,000 and the agreement is subject to CSE acceptance for filing. To the Company's knowledge, PRAI is at arm's length to Element One and does not own any securities of the Company.