Vancouver, BC - TheNewswire - December 8, 2022 - H2 Ventures 1 Inc. (“H2” or the “Company”) is pleased to announce the results of the Company’s annual and special general meeting of shareholders (the “Meeting”) held on December 8, 2022.

At the Meeting, all of the following incumbent directors of the Company were re-elected: Eric Denhoff, Chris Sacré, Erin Campbell, John Costigan, Paul Kalil and Ross Bailey.  In additional, shareholders of the Company approved the Company’s stock option plan as described in the management information circular dated November 4, 2022, as well as the re-appointment of Crowe MacKay LLP as the auditor of the Company for the ensuing fiscal year.

ABOUT H2 VENTURES 1 INC.

H2 is a capital pool company within the meaning of the TSX Venture Exchange’s (the “Exchange”) CPC Program policies that has not commenced commercial operations and has no assets other than cash.  Except as specifically contemplated in the Exchange’s CPC Program policies, until the completion of its Qualifying Transaction, the Company will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed Qualifying Transaction.

For further information, please contact:

H2 Ventures 1 Inc.

Eric Denhoff – President, Chief Executive Officer, Corporate Secretary and Director

Phone: (604) 760-7176

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements, including statements about the Company’s future plans and intentions, the Company’s expectation as to the resumption of trading of the Common Shares, the stated use of proceeds of the offering and completion of a Qualifying Transaction constitute forward‑looking statements. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, are intended to identify forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.  Actual future results may differ materially

Forward-looking statements involve significant risk, uncertainties and assumptions.  Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements.  These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements.  Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements.  These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.