Westbridge Renewable Energy Energizes Future Growth with Strategic Share Consolidation

Westbridge Renewable Energy Corp. (TSXV: WEB) is setting the stage for an even brighter future, announcing that its anticipated share consolidation will become effective at the close of markets on June 20, 2024. This strategic move, which will see the Company's common shares consolidated on a 10-for-1 basis, is designed to optimize its capital structure and enhance shareholder value as Westbridge continues to aggressively advance its impressive pipeline of solar energy projects across North America.

Under the terms of the consolidation, every ten (10) pre-consolidation common shares of Westbridge will be converted into one (1) post-consolidation common share.

Following this adjustment, the Company's new CUSIP will be 960862100 and its new ISIN will be CA9608621008. While the Company’s trading symbol, 'WEB,' on the TSX Venture Exchange will remain unchanged, trading is expected to resume on a consolidated basis when the market opens on June 20, 2024. This ensures a seamless transition for investors and market participants.

Shareholders who hold their shares through a broker or other intermediary will find their accounts automatically updated to reflect the consolidated shares.

No action is required on their part. For registered shareholders holding physical share certificates, Computershare Investor Services Inc., the Company's transfer agent, will be sending out letters of transmittal. These letters will provide instructions on how to exchange existing share certificates for new certificates representing the consolidated number of shares.

Westbridge Renewable Energy is at the forefront of the clean energy transition, specializing in the development of utility-scale solar photovoltaic (PV) projects across North America.

With a laser focus on both Canadian and U.S. markets, the Company is committed to delivering sustainable and scalable energy solutions that meet the growing demand for renewable power. Their robust business model emphasizes acquiring and developing large-scale solar projects from early-stage through to ready-to-build status, positioning them as a key player in the sector.

The Company boasts a significant project pipeline totaling approximately 1.3 GWac (gigawatts alternating current) across diverse and strategic regions including Alberta, Saskatchewan, British Columbia, Texas, and California.

This expansive portfolio underscores Westbridge's ambition and capability in contributing substantially to the global renewable energy landscape. Recent milestones, such as securing crucial financing and receiving regulatory approvals for key projects like Sunnyside and Georgetown, highlight their operational efficiency and commitment to bringing these impactful initiatives to fruition.

This share consolidation marks a pivotal step in Westbridge Renewable Energy's journey, reinforcing its financial framework and preparing it for accelerated growth.

By streamlining its equity structure, Westbridge is better positioned to attract further investment, strengthen its market presence, and continue its vital work in powering a cleaner, more sustainable future for communities across North America.