Solar Alliance shareholders approve all resolutions at the Annual General Meeting

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TORONTO and KNOXVILLE, Tenn., Dec. 13, 2024 (GLOBE NEWSWIRE) – Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR)a leading solar energy solutions provider specializing in the commercial and utility solar sectors, is pleased to announce the results of its Annual General Meeting and Special Meeting today.

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There were 98,490,539 voters representing 33.48% of the issued and outstanding shares voted in connection with the meeting. The Corporation is pleased to announce that all resolutions provided to shareholders in the Corporation’s management information circular (“Circular”) dated October 24, 2024, were overwhelmingly approved, including:

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“I would like to thank the shareholders for their continued support. Our strategy of targeting large revenue commercial and utility solar projects, combined with owning our own solar projects, has created the foundation for a growing, sustainable company that is well positioned to capitalize on this current opportunity to transition to renewable energy,” said CEO Brian. The Timmons.

Brian Timmons, CEO

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

Solar Alliance is an energy solutions provider specializing in the commercial, utility and community solar sectors. Our experienced team of solar professionals reduces or eliminates customers’ vulnerability to rising energy costs, provides an environmentally friendly source of electricity generation, and provides affordable clean energy solutions. Solar Alliance’s strategy is to ultimately own and operate our own solar assets while generating stable revenue through the sale and installation of solar projects to commercial and utility customers.
Statements in this news release, other than historical information only, including statements related to the Company’s future plans and objectives or expected results, constitute forward-looking statements.

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The words “would”, “will”, “expect” and “estimate” or 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 differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to: the ability to complete the Company’s projects on schedule or at all, uncertainties related to the ability to raise sufficient capital; changes in economic conditions or financial markets; litigation, legal or other judicial, regulatory, legal and competitive political developments; technical or operational difficulties; ability to maintain revenue growth; the ability to execute the Company’s strategies; the ability to complete the Company’s current work and backlog of solar projects; the ability to increase the Company’s market share; the high growth rate of the US solar industry; ability to turn backlog of projects into revenue; the expected construction and completion time for Kentucky’s 1500 kW solar projects; targeting of major clients; the ability to predict and counter the effects, if they reoccur, of COVID-19 on the Company’s business, including but not limited to the effects of COVID-19, on the construction sector, capital market conditions, labor restrictions. and international travel and supply chains; strong business growth opportunities and the ability to achieve key goals by 2024. As a result, actual results may differ materially from those described in the forward-looking statements.

“Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

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