Mr. Wilmot L. Matthews: Acquisition of Convertible Note of Enerdynamic Hybrid Technologies Corp.

TORONTO, ONTARIO--(Marketwired - June 27, 2016) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE SERVICES

Mr. Wilmot L. Matthews ("Mr. Matthews") announced that on June 8, 2016, he acquired by way of private placement a secured subordinated convertible note of Enerdynamic Hybrid Technologies Corp. ("EHT") in the principal amount of $1,500,000 (the "Note"). The Note is payable on demand, does not bear interest and has a maturity date of June 8, 2018. Subject to shareholder approval or TSX Venture Exchange approval if a new Control Person will be created, the Note is convertible at any time at the option of the holder or EHT into units of EHT ("Units") at a conversion price equal to the greater of (i) the market price of the common shares of EHT on the date of conversion; and (ii) $0.15. Each Unit is to consist one common share and one common share purchase warrant (each, a "Warrant") of EHT. Each Warrant will entitle the holder thereof, on exercise, to purchase one additional common share of EHT at an exercise price of $0.30 per common share for a period of five years following the issuance of the Note. Mr. Matthews has elected to convert the entire principal amount of the Note into Units at a conversion price of $0.15 per Unit (the "Conversion Price"). Assuming the conversion of the entire principal amount of the Note at the Conversion Price, the Note is convertible into 10,000,000 Units consisting of 10,000,000 common shares and 10,000,000 Warrants of EHT. representing a change in Mr. Matthew's securityholding percentage of the issued and outstanding common shares of the issuer of approximately 13.98%, assuming the full exercise of the Warrants and all other common share purchase warrants that Mr. Matthews beneficially owns or exercises control or direction over. The conversion of the Note is subject to shareholder approval or TSX Venture Exchange approval if a new Control Person will be created, in accordance with its terms.

Immediately prior to the transaction described herein, Mr. Matthews beneficially owned or exercised control or direction over 8,395,000 common shares of EHT and 6,450,000 common share purchase warrants of EHT, representing approximately 8.76% of the issued and outstanding common shares of EHT on a non-diluted basis and representing approximately 14.51% of the issued and outstanding shares of EHT, assuming the exercise of all common share purchase warrants that Mr. Matthews beneficially owned or exercised control or direction over.

Immediately after the transaction described herein and assuming the conversion of the entire principal amount of the Note at the Conversion Price, Mr. Matthews would beneficially own or exercise control or direction over 18,395,000 common shares of EHT and 16,450,000 common share purchase warrants of EHT, representing approximately 28.49% of the issued and outstanding shares of EHT, assuming the full exercise of the Warrants and all other common share purchase warrants that Mr. Matthews beneficially owns or exercises control or direction over.

The Note was acquired by Mr. Matthews for investment purposes. Mr. Matthews may increase or decrease his investment, directly or indirectly, in securities of EHT from time to time, depending on market conditions or any other relevant factors.

EHT is located at 1110 Hansler Road, Welland, Ontario, L3C 7M5. Mr. Williams is located at 200 King St. W., Suite 1702, Toronto, Ontario, M5H 3T4. A copy of the early warning report to which this news release relates can be obtained on the SEDAR profile of EHT at www.sedar.com.