Press Release

Edison Motors Receives National Emissions Mark Authorization

November 20, 2025 Donald, British Columbia

Donald, British Columbia, November 20, 2025 - Edison Motors Ltd. (“Edison” or the “Company”) is pleased to announce that it has received authorization to apply the National Emission Mark (NEM) to its heavy duty vocational vehicles from Environment and Climate Change Canada (ECCC). This authorization allows Edison to affix the NEM to certain of its vehicles, indicating that such vehicles conform to Canada’s emission standards under the Canadian Environmental Protection Act (CEPA) and the On-Road Vehicle and Engine Emission Regulations. This allows the sale of compliant Edison heavy duty vehicles within Canada.

Edison is also pleased to provide an update regarding its financing efforts. To date, Edison has raised a total of approximately CAD $11M under its CAD $55 / USD $40 non-brokered private placement financing (the “Offering”). Most recently, Edison has raised over $2.5M CAD under the Offering Memorandum (“OM”) phase of the Offering, which is being conducted through the online investment platform operated by FrontFundr Financial Services Inc. (“FrontFundr”), and which was launched on August 15, 2025.

The OM phase of the Offering will consist of up to 363,637 common shares of the Company (“Common Shares”) issued at a price of $55 CAD per Common Share for gross proceeds of up to $20 million CAD.

The Company intends to use the net proceeds from the Offering to (i) construct the necessary production facilities in Golden B.C. in order to build and commission additional vehicles, including prototypes and eventual commercial orders, and (ii) increase its general working capital. The Company’s objective is to bring Class 8, Heavy Duty, Speciality Service Vehicles and Class 5 Chassis into production in 2026 using Electric, Hybrid Electric & Diesel propulsion. The Company is currently working on its property facilities which includes a 30,000sqft production facility and off-road test track. Further details regarding the proposed use of proceeds and the Company’s business objectives are set out in the OM, available on the Company’s dedicated offering page at: www.frontfundr.com/edisonmotors.

Compensation will be paid in respect of the Offering to FrontFundr in its capacity as selling agent, as more particularly described in the OM. No other commissions or agent fees are expected to be paid as part of the Offering.

The OM phase of the Offering is only open to Canadian investors, who need not be accredited investors. The Company may open additional investment opportunities under the Offering for Canadian investors who qualify as eligible or accredited investors under National Instrument 45-106, accredited investors in the United States pursuant to Rule 506(c) and Regulation D under the United States Securities Act of 1933, as amended, and investors in other international jurisdictions in accordance with applicable local laws. The Company will provide an update should the scope of the Offering be expanded.

The Company is not a reporting issuer in any province or territory in Canada and its securities are not listed on any stock exchange in Canada and there is currently no public market for its securities to be resold. As such, the common shares will be subject to a hold period pursuant to applicable statutory exemptions, until the date that is four months and one day, after the date the Company becomes a Reporting Issuer in any province or territory of Canada (subject to any control person distribution restrictions) in accordance with National Instrument 45-102 – Resale of Securities.

Readers can find additional information about the Company on our website https://www.edisonmotors.ca/investing. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful, including in the United States of America.

About Edison Motors

Edison Motors Ltd., is a Canadian based company focused on the development and commercialization of Heavy Duty trucks and conversion kits powered by electric and electric-hybrid propulsion. In 2024, the Company successfully licensed and tested its Class 8 production prototype “Topsy”, on Canadian public roads. In 2023, Edison built North America’s first EV Plug-in Hybrid semi truck fully assembled in British Columbia, Canada.

For further information, visit edisonmotors.ca.

Cautionary Statement: This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance including in respect of the size and use of proceeds of the Offering, the timing and ability of the Company to close the Offering, if at all, the Company carrying out a private placement under the OM exemption, the payment of any commissions or agent fees in connection with the Offering, and the potential for the development and commercialization of Class 8, speciality service, electric, electric-hybrid, diesel, commercial vehicles and electric conversion kits for existing light, medium and heavy duty trucks and its objective to bring Electric, Hybrid Electric & Diesel Commercial Vehicles Conversion kits into production in 2026 or later (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law.