SolarBank Corporation announced that it has partnered with Nova Scotia to develop a 10 MW DC community solar garden in the rural community of Enon, and three 7 MW DC projects in Sydney, Halifax and Annapolis, Nova Scotia respectively. The Projects are being developed under a Community Solar Program that was announced by the Government of Nova Scotia on March 1, 2024 and are owned by AI Renewable Fund. The highlights of the Community Solar Program are as follows: Add up to 100MW of clean, renewable solar generation to the grid, helping to reduce Nova Scotia's dependence on fossil fuels and mitigate climate change; one megawatt of solar power can power about 131 homes for a year; each community solar garden can produce up to 10 megawatts of power; eligible groups can work together to build and own a solar garden; and subscribers will get a solar energy credit of $0.02 per kilowatt hour on their power bill for energy generated by their subscription, administrated by Nova Scotia Power Inc. There are many reasons why people can't install solar panels on their homes, including lack of roof space, too much shade, living in an apartment, condo or other shared housing arrangement, or cost.

The Community Solar Program will make solar energy an option for people in these situations. New gardens under the Community Solar Program are expected to be up and running by spring 2026. TriMac and SolarBank are currently planning to apply for Community Solar Program Contract from the province by July 2024.

If approved, construction would be expected to commence in 2025. The Company also announces that it has entered into an agreement with Gold Standard Media, LLC ("GSM") pursuant to which GSM and its affiliates has agreed to provide financial publishing and digital marketing services including creating landing pages, native ads, email market and influencer endorsements. Certain services to be provided by GSM are anticipated to include 'investor relations activities'.

GSM will distribute through a variety of different platforms and media types across the Internet. The agreement is for a four month term commencing April 29, 2024 with the Company having the right to terminate at any time on written notice. The Company has budgeted up to US$500,000 for the financial publishing and digital marketing services of GSM, which include facilitating the creation and distribution of marketing materials (including print, digital and video), landing pages, on-line banner and native ads, and social media investor marketing.

GSM is a limited liability company existing under the laws of the State of Texas with an office at 723 W, University Ave. #110-283 Georgetown Texas. GSM uses third party service providers for the purpose of these marketing activities.

GSM, and its affiliates Future Money Trends LLC, Wealth Research Group LLC and Portfolio Wealth Group LLC are controlled by Kenneth Ameduri, Juliet Ameduri and Lior Gantz. GSM and its principals are arm's length to the Company.