Exro Announces 2018 AGM Results

Vancouver, BC – August 17, 2018– Exro Technologies Inc. (“Exro” or the "Company") (CSE:XRO) (OTCQB:EXROF) is pleased to report that shareholders voted in favour of all resolutions brought forth at the Company’s annual general meeting of shareholders (the “Meeting”) held on Thursday, August 16, 2018 in Vancouver, British Columbia.

At the Meeting 27.27% of shares on record were voted. Resolutions proposed and approved at the Meeting included:

• Mark Godsy, Jonathan Ritchey, Jill Bodkin, Frank Borowicz, Daniel McGahn and Eamonn Percy were re-elected to the Board of Directors;
• The 20% fixed stock option plan was renewed;
• An advanced notice policy for director nominations was adopted; and
• Dale Matheson Carr-Hilton Labonte LLP was re-appointed as auditor of the Company.

About Exro Technologies Inc.

Exro Technologies Inc. is a Vancouver-based company commercializing patented technology designed to advance existing rotating electric machines. The technology enables motor and generator systems to operate more efficiently providing benefit to sustainable and renewable electricity generation markets, as well as variable load industrial and commercial applications for motors. Please visit our website at www.exro.com.

‍

ON BEHALF OF THE BOARD OF DIRECTORS

Mark Godsy, Director & CEO

‍

INVESTOR CONTACT INFORMATION

Lyle McLennan: 604 808 9221

‍

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words "may", "would", "could", "will", "expects" and similar expressions, as they relate to the Company or its management are intended to identify forward-looking statements. Such statements reflect the Company's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not assume any obligation to update these forward-looking statements, except as required by law.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

‍