Solar Alliance Announces Correction to Option Grant

Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’)

(TSX-V: SOLR, OTCQB: SAENF)

announces a correction to its press release dated August 5, 2022. The Company previously announced that 2,425,000 common shares of the Company have been granted to certain directors and officers of the Company at an exercise price of $0.09 per share with an expiry date of November 5th, 2027. The correct number of options that were granted to directors and officers of the Company was an aggregate of 2,475,000 options. All other terms and conditions of the options as announced in the August 5, 2022 press release remain correct.

Myke Clark, CEO

For more information:

Investor RelationsMyke Clark, [e-mail]

About Solar Alliance Energy Inc. (www.solaralliance.com) Solar Alliance is an energy solutions provider focused on residential, commercial and industrial solar installations. The Company operates in Tennessee, Kentucky, North/South Carolina and Illinois and has an expanding pipeline of solar projects.  Since it was founded in 2003, the Company has developed $1 billion of renewable energy projects that provide enough electricity to power 150,000 homes. Our passion is improving life through ingenuity, simplicity and freedom of choice. Solar Alliance reduces or eliminates customers' vulnerability to rising energy costs, offers an environmentally friendly source of electricity generation, and provides affordable, turnkey clean energy solutions.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. The words “would”, “will”, “expected” and “estimated” or other 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 may cause the Company’s actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward-looking statements.

“Neither TSX Venture Exchange nor its Regulation 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."