Bankruptcy of Sunwave Gas & Power Inc.

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TORONTO, CANADA- TheNewswire – February 28, 2022 – On February 25, 2022, ONEnergy Inc. (“ONEnergy” or the “Company”) (NEX:OEG.H), (TSXV: OEG.H), stated that its wholly-owned subsidiary, Sunwave Gas & Power Inc. (“Sunwave Canada”), has filed an assignment in bankruptcy pursuant to the Bankruptcy and Insolvency Law (“LFI”) and that A. Farber & Partners Inc. LIT (“Farber”) has been appointed trustee in bankruptcy. Sunwave Canada’s first meeting of creditors is scheduled for March 15, 2022 at 11:00 a.m. (EDT) via Zoom videoconference.

The assignment in bankruptcy is limited to Sunwave Canada.

ONEnergy is currently a fictitious issuer and continues to pursue potential business opportunities. The other subsidiaries of the Company are currently inactive.

About ONEnergy Inc.

The common shares of ONEnergy are listed on the NEX Table of the TSX Venture Exchange under the symbol “OEG.H”. Important information relating to ONEnergy may be viewed on SEDAR under the Company’s issuer profile at www.sedar.com.

For more information, please contact:

Ray de Ocampo, Chief Financial Officer, [email protected], (647) 253-2534

Corporate information contained in this release includes forward-looking statements regarding future events and the future performance of ONEnergy and its subsidiaries that involve risks and uncertainties that could cause actual results to differ materially. The assumptions used in the preparation of this information, although considered reasonable by ONEnergy at the time of preparation, may prove to be incorrect. The actual results obtained may differ from the information provided here and the variations could be material. Therefore, ONEnergy does not guarantee that the actual results obtained will be the same, in whole or in part, as these predictions.

Neither the 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.





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