(Information sent by the signatory company)

-HPX signs a letter of intent with the Government of Liberia and Guma Africa Group to develop the Liberty Corridor in Liberia, which will contain a new heavy-duty railway connecting Guinea's Nimba district to a new Liberian deepwater port

MONROVIA, Liberia, Feb. 12, 2024 /PRNewswire/ -- Bronwyn Barnes, President and CEO of US Company High Power Exploration Inc ("HPX") today announced the signing of a letter of intent with the Government of Liberia and Guma Africa Group Ltd. to enter into negotiations to own, design, finance, develop and operate the Liberty Corridor, a new multi-user infrastructure corridor connecting Guinea and Liberia.

The Liberty Corridor will comprise a new world-class rail system connecting Guinea with a new deep-water port in Didia, Liberia, an extension of the existing hydroelectric network from Côte d'Ivoire to the Nimba districts of Liberia and Guinea, an upgrade of existing road networks and the installation of fiber optic telecommunications cables connecting Liberia to the Nimba district and potentially beyond.

The Liberty Corridor would be a joint development between the Government of Liberia, HPX and the Guma Africa Group.

GUMA AFRICA GROUP is a diversified pan-African investment and operations group involved in mining, infrastructure, tourism and hospitality, ICT, healthcare, human capital development, renewable energy, railway manufacturing, etc. Guma operates in 28 African countries.

HPX is a US exploration and development company focused on advancing its long-life, high-grade iron ore mine in the Lola region, in the southeastern region of the Republic of Guinea. HPX's largest shareholder and technology provider is I-Pulse Inc, an American company founded and chaired by Robert Friedland and which has several high-profile American institutional and private investors as shareholders.

I-Pulse Inc. is a privately held, multi-billion dollar US company founded by Robert Friedland and Laurent Frescaline and backed by a global network of shareholders. Visit www.ipulse-group.com for more information.

For more information or media contact: Bronwyn Barnes, President and CEO of HPXBronwyn.Barnes@hpxmines.com 44 7810 227 672

Joe MacDonald, Head of Strategy and Business DevelopmentJoe.Macdonald@hpxmines.com 44 7525 341 493

Photo - https://mma.prnewswire.com/media/2338630...

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