GlobeNewswire Inc | Dec 3, 2020 08:47PM EST

December 04, 2020

TORONTO, Dec. 03, 2020 (GLOBE NEWSWIRE) -- dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce the results of the annual and special meeting of its shareholders, which was completed today (the "Meeting"). Out of concern for the safety of dynaCERT's employees, shareholders and other stakeholders in light of the COVID19 pandemic, and in accordance with current public health rules and guidelines concerning inperson gatherings, the Meeting was held virtually via the Lumi annual meeting platform pursuant to suggestions by the Companys registrar and transfer agent and scrutineers, TSX Trust Company. A total of 106,024,254 common shares of the Company (each, a Common Share), representing 28.85% of the total Common Shares outstanding, were represented in person or by proxy at the Meeting. dynaCERTs shareholders voted in favor of all items of business put forward at the Meeting, being the election of all nominated directors, the reappointment of BDO Canada LLP as the auditors of the Company, the approval of the Company's amended and restated stock option plan and the approval of the Company's restricted share unit plan.

The votes in respect of each of these items were held via ballot, the results of which were as follows:



Votes by Ballot ResultDescription of Matter Voted Upon of Vote Votes For Votes # (%) Votes Withheld Against # (%) # (%)1. Ordinary resolution fixing the Passed 105,247,595 776,659 number of directors at seven (7) (99.27%) (0.73%)

2. Ordinary resolution approving the 102,419,255 3,604,999election of the following nominees as (96.60%) (3.40%)directors of the Corporation 102,645,195 3,379,059 Elected (96.81%) (3.19%) * James Payne Elected 98,376,987 7,647,267 * Robert Maier Elected (92.79%) (7.21%) * Jean-Pierre Colin Elected 99,725,196 6,299,058 * Wayne Hoffman Elected (94.06%) (5.94%) * Richard Lu Elected 100,918,168 5,106,086 * Elliot Strashin Elected (95.18%) (4.82%) * Amir Farahi 99,641,269 6,382,985 (93.98%) (6.02%) 99,252,189 6,772,065 (93.61%) (6.39%)

3. Ordinary resolution approving the 105,447,732 576,522appointment of BDO Canada LLP as Passed (99.46%) (0.54%)auditors of the Corporation4. Ordinary resolution approving the 70,155,113 35,869,141amended and restated Stock Option Plan Passed (66.17%) (33.83%) of the Corporation5. Ordinary resolution approving the 96,826,462 9,197,792Restricted Share Unit Plan of the Passed (91.32%) (8.68%) Corporation

AboutdynaCERTInc.

dynaCERTInc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com.

READER ADVISORY

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may"or"will"occur.Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performanceof achievements.Consequently,thereisnorepresentationthattheactualresultsachievedwillbethe same, in whole or in part, as those set out in the forward-lookinginformation.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors thatcouldcauseactualeventsorresultstodiffermateriallyfromthoseanticipatedintheforward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availabilityandcostofcapital;theabilitytoidentifyanddevelopandachievecommercialsuccess for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed asexhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionarystatement.Weundertakenodutytoupdateanyoftheforward-lookinginformationto conform such information to actual results or to changes in our expectations except as otherwise requiredbyapplicablesecuritieslegislation.Readersarecautionednottoplaceunduerelianceon forward-lookinginformation.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.

On Behalf of the Board

Murray James Payne, CEOFor more information, please contact:

Jim Payne, CEO & PresidentdynaCERT Inc.#101 501 Alliance Avenue Toronto, Ontario M6N 2J1 +1 (416) 766-9691 x 2jpayne@dynaCERT.com

Investor RelationsdynaCERT Inc. Nancy Massicotte +1 (416) 766-9691 x 1nmassicotte@dynaCERT.com