Solar Alliance Commences Trading on the OTCQB Market in the

TORONTO and KNOXVILLE, TN, January 24, 2022 (Globe Newswire) – Solar Alliance Energy Inc. (“Solar Alliance” or “the Company”) (TSX-V: SOLR, OTCQB: SAENF) We are pleased to announce that it is eligible to trade on the US OTCQB Venture Market operated by OTC Markets Group Inc. The company’s common stock will begin trading today on OTCQB under the symbol “SAENF”. The company’s common stock will continue to trade on the TSX Venture exchange.

“This quote of our stock on OTCQB, a well-known US securities trading platform, should provide additional liquidity to Solar Alliance by allowing US investors to invest more easily in our common stock,” said CEO Mike Clark. “As we continue to build a strong backlog of solar projects under contract and accelerate our strategy to own and operate solar projects in the US, it makes sense to provide a platform for US investors in addition to our listing in Canada. Next year promises to be an exciting year for the solar market and we are well positioned to increase our share market and deliver value to shareholders.

US investors can find current financial disclosure and real-time Level 2 quotes for the company at www.otcmarkets.com. The company’s listing on TSX-V and its stock traded on OTCQB contributes to a broader presence in North America and provides investors with prominent access to trading.

Mike Clark, CEO

About Solar Alliance Energy Inc. (www.solaralliance.com)

Solar Alliance is an energy solutions company focused on residential, commercial and industrial solar installations. The company operates in Tennessee, Kentucky, North/South Carolina, and Illinois and has an extensive pipeline of solar projects. Since its founding in 2003, the company has developed $1 billion worth of renewable energy projects that provide enough electricity to power 150,000 homes. Our passion is to improve life through ingenuity, simplicity and freedom of choice. Solar Alliance reduces or eliminates customers’ exposure to rising energy costs, provides an environmentally friendly source of electricity generation, and provides affordable clean energy solutions.

Statements in this press release, other than purely historical information, including statements regarding the company’s future plans and objectives or expected results, constitute forward-looking statements. The words “will,” “will,” “expected,” “estimated,” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. These factors include, but are not limited to: uncertainty related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or judicial, regulatory and other competitive developments, and technological or operational difficulties. Consequently, actual results could differ materially from those shown in the forward-looking statements.

Neither TSX Venture Exchange nor the Regulatory Services Provider (as defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.

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