Solar Alliance Indicators Agreement for Initial U.S. Operating Asset

• Recurring earnings over 30-year project life in New york city State viewed as "considerable driver" for U.S. development strategies

Solar Alliance Energy Inc. is pleased to announce it has signed a binding Letter of Intent (the "Agreement") with Abundant Solar Energy Inc. (" Abundant") to build, have and also run a 350 kilowatt (" kW") solar project in New york city State (the "Project").

The construction-ready Project is allowed and also is supported by a thirty years power purchase agreement. This Project will be the initial solar project in the Company's portfolio of running solar assets as well as will create a repeating earnings stream over its thirty years life.

" This project in New York State represents a considerable stimulant for Solar Alliance and also clearly lays out the capacity for strong growth we see in our ability to develop, have and run assets in the US market" stated Solar Alliance Chief Executive Officer Myke Clark. "This project is ready to develop as well as is backed by a three decades power acquisition agreement that will certainly supply a reoccuring income stream to Solar Alliance. Abundant is a highly regarded programmer of solar projects as well as we are positive we can improve our connection in order to access a bigger pipe of solar projects that we can develop, possess and run."

Solar Alliance anticipates authorizing an Engineering, Procurement and Construction (" EPC") agreement with Abundant. Construction on the Project is anticipated to start this summer and is prepared for to be in operation by the end of 2021.

" We are pleased to be dealing with Solar Alliance on this project and also see the possibility for a broadened partnership moving on," stated Abundant's CEO Richard Lu. "Abundant Solar has a substantial pipe of solar projects in development and also we see strong syngergies in between our two teams. We will be working vigilantly with Solar Alliance to complete this project on time and also on budget this year."

The internet resources cost for the project is anticipated to be about US$ 525,000 and will be financed by Solar Alliance either with equity or a mix of financial debt and equity. As part of the Company's development technique, Solar Alliance is also analyzing chances to acquire or partner on earlier phase develop projects that would eventually be developed, had as well as operated by the Company. This enhances Solar Alliance's growing service of making, engineering as well as installation solar systems for third party owners.

"Solar Alliance has made the tactical decision to seek growing, near term income possibilities along with building, owning as well as running our own solar projects. This permits us to produce profits to support our procedures while we expand our portfolio of assets under possession, concluded Clark.