Primary Hydrogen Corp Appoints David Jackson as Chief Executive Officer

About this update from Primary Hydrogen Corp.

Calgary, Alberta--(Newsfile Corp. - July 20, 2026) - Primary Hydrogen Corp. (TSXV: HDRO) (OTCQB: HNATF) (FSE: 83W) (the "Company" or "Primary Hydrogen") is pleased to announce the appointment of David Jackson as President and Chief Executive Officer, effective July 20, 2026. Mr. Jackson succeeds Benjamin Asuncion, who is stepping down as Chief Executive Officer and will continue to serve the Company as a director. Mr. Jackson is a serial entrepreneur and operating executive with a background spanning property development and healthcare technology. He most recently served as President and Managing Partner of a veterinary technology manufacturing firm with sales in 56 countries Mr. Jackson was instrumental in scaling the business and leading its acquisition by a global healthcare technology firm in 2024. Following the acquisition, he served as Managing Director of the acquirer through a two-year transition period. Mr. Jackson holds a Bachelor of Arts and a Bachelor of Commerce from the University of Alberta. "I am excited to be taking the role of CEO at Primary Hydrogen and I look forward to applying the operational and scaling discipline I've built over my career to help advance the Company's rare earth and hydrogen exploration programs," said Mr. Jackson, President and Chief Executive Officer of the Company. "I'm pleased to hand the CEO role to David and to remain closely involved as a director. His experience scaling operating businesses internationally is exactly what this Company needs as it moves into its next phase, and I look forward to supporting him from the board." said Benjamin Asuncion, director of the Company. Stock Option Grant In connection with the appointment, the Company has granted Mr. Jackson incentive stock options to purchase up to 235,000 common shares of the Company at an exercise price of $1.16 per share, exercisable for a period of five years from the date of grant and vesting 100% on the date that is four months and a day following the date of grant, in accordance with the Company's stock option plan and subject to the policies of the TSX Venture Exchange, including a four-month hold period on the underlying shares. About Primary Hydrogen Corp. Primary Hydrogen is dedicated to the exploration and development of natural hydrogen resources. With over 740 acres in the U.S. and 230 square kilometers across Canada, the Company's portf...

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