Incentive payment awarded under the NYSERDA's NY-Sun Program

Project expected to provide clean energy to the equivalent of 895 homes annually

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated February 17, 2026 to its short form base shelf prospectus dated May 7, 2025.

TORONTO, April 7, 2026 /CNW/ - PowerBank Corporation (NASDAQ:SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company), a leader in distributed solar energy, battery storage, and clean energy infrastructure across North America, is pleased to announce that its 7.1 MW Jordan Rd 2 community solar project (the "Project") located on  privately-owned brownfield lands in Skaneateles Falls, New York has  been approved for up to $1,119,618 USD in incentives through the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program. The Project is also expected to qualify for up to an additional $1,576,590 in NY-Sun incentives through the Inclusive Community Solar Adder.

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