Oscillate Plc - Agreement with Quantum Hydrogen Inc

12 July 2024 Oscillate PLC ("Oscillate" or the "Company") Agreement with Quantum Hydrogen, Inc. Oscillate is pleased to announce that it has entered into non-binding Heads of Terms regarding the potential acquisition of Quantum Hydrogen, Inc., a corporation established in the State of Texas, USA ("Quantum"). About Quantum: On 24 January 2024, Quantum exercised an option giving it exploration rights over approximately 60,000 acres in the state of Minnesota, a region with a rich mining heritage, and well-endowed with infrastructure. The area includes overlying extensive banded iron formations which the Directors believe have the potential to generate hydrogen gases. The Heads of Terms provide for a 60-calendar day due diligence period and the Company will make further announcements as necessary. Steve Xerri, Oscillate Executive Director, commented: "We believe that Quantum could be an attractive introduction to  the growing Hydrogen Energy space in a country where demand for `Green Hydrogen' abounds. We look forward to updating investors in due course." The Directors of the Company accept responsibility for the content of this announcement. Enquiries: Company Oscillate PLC John Treacy ir@oscillateplc.com https://oscillateplc.com Corporate Adviser Peterhouse Capital Limited Telephone: 020 7220 979 This information was brought to you by Cision http://news.cision.com https://news.cision.com/oscillate-plc/r/agreement-with-quantum-hydrogen-inc,c4014672

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