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• Introduction• Mission and Vision • Industry Perspective • Operating Assets• Development Assets• Acquisitions• Summary

TABLE OF CONTENTS

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Forward-looking Information - This document contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information included in this press release reflects the current expectations of Synex management regarding future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as "anticipates", "believes",

"budgets", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "projects", "schedule", "should", "target", "will", "would" and the negative of these terms and other similar terminology or expressions have been used to identify the forward-looking information, which includes, without limitation: the ability of the Company to develop assets, the future demand for green energy, the

expected potential output of the Company's assets and Canada's transition to a green hydrogen economy.

Forward-looking information involves significant risk, uncertainties and assumptions. Certain material factors or assumptions have been applied in drawing the conclusions contained in the forward-looking information. These factors or assumptions are subject to inherent risks

and uncertainties surrounding future expectations generally, including those identified from time to time in the forward-looking information. Such risk factors or assumptions include, but are not limited to: changes in economic conditions, risks associated with the construction and operation of hydroelectric facilities and changes in government policies. Synex cautions readers that a number of factors could cause actual

results, performance or achievements to differ materially from the results discussed or implied in the forward-looking.

DISCLAIMER

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INTRODUCTION

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About Synex

The Company is a Vancouver based company engaged in the operation, acquisition and development ofrenewable energy projects in British Columbia. It is a run-of-river hydro, wind power developer, operatorand engineering firm. The Company wholly owns or has a proportionate interest in a net total 12 MW ofoperating facilities in British Columbia, and a Vancouver Island grid connection and utility carrying onbusiness as Kyuquot Power Ltd. The Company also has 9.4 MW of construction ready run-of-river projects,applications and land tenures on another 24 potential hydroelectric sites totaling over 150 MW of installedcapacity, and approximately 18 wind development sites that could have the ability to provide up to 4,850MW of green power in British Columbia.

"Daniel J. Russell"

Daniel J. Russell, President & CEO

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MISSION AND VISION

"To become the leading TSX listed power and utilities company focused on mid-

sized renewable energy projects and to act as a catalyst for change in the power

industry through championing a female-chaired board of directors."

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INDUSTRY PERSPECTIVE

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First, it’s clear that Canada needs to rapidly transition off coal, oil and gas to meet its climate change

commitments. It’s also clear that shift will require a great deal more low-carbon electricity to power

everything from electric cars, to public transit, to residential and commercial building heating, to

industrial processes.

Dan Woynillowicz of Clean Energy Canada says.. that even with very aggressive energy efficiency

measures, most estimates he’s seen suggest full decarbonization will essentially double the

country’s demand for electricity.

The Government of Canada’s “Mid-Century Long-Term Low-Greenhouse Gas Development

Strategy,” published in 2016, cited projections of an increase between 113 per cent and 295 per

cent in total generation between 2013 and 2050.

The obvious follow-up question is how will Canada do that?

Source: https://thenarwhal.ca/what-s-future-hydroelectric-power-canada/

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Canada currently is the third largest hydro producer in the world. As a result, Canada has a much

cleaner grid than most other countries, with 59 per cent of the country’s electricity supply already

coming from hydro.

Karen Bakker, founding director of the water governance program at the University of British

Columbia, says that her team’s analysis in five distinct reports showed that hydropower is “no

longer the cleanest, or greenest, or cheapest way of meeting our future energy and capacity needs.”

“It’s not that hydropower is competing against coal,” Bakker says. “It’s that it’s competing against

21st century renewables such as wind and solar.

“These new technologies are the focus of rapid innovation and coming down in price and increasing

in efficiency with much lower environmental impacts than hydropower. The question before us is,

‘as we move off fossil fuels, which renewables do we pick?’ ”

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The cost of wind energy has fallen 69 per cent since 2009, making it one of the lowest-cost generating

technologies available today.

When the Canadian Wind Energy Association (CanWEA) set a target of 10,000 MW of wind energy in Canada in

2000, there was only 114 MW of installed capacity operating across the country. In May of 2015, Canada

reached that goal.

More wind energy has been built in Canada over the last five years than any other form of electricity generation, with installed capacity growing by an average of 16 per cent per year for the past decade. As a

result, Canada is a major player on the global scene ranking ninth in the world for total installed wind energy capacity.

Despite this progress, however, we have barely scratched the surface of our wind energy potential.

The energy sector is undergoing significant change as governments around the world pursue the development

of an economy that is less dependent on fossil fuels, a transition that will only accelerate in the wake of the Paris Agreement on climate change.

Source: https://canwea.ca/communities/global-wind-day/

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Studies conducted in Canada and around the world have repeatedly shown the only way to get the large-scale emissions reductions needed to avoid the worst impacts of climate

change is by using clean electricity to power vehicles, buildings and industry.

By further capitalizing on our endowment of wind, hydro and solar resources, we can reliably generate 100 per cent of our electricity from zero-emission generation sources.

Clean energy represents a competitive advantage for Canada, allowing us to not only meet

our own environmental goals, but also export solutions to the more fossil-fuel dependent U.S. market.

According to Bloomberg’s New Energy Outlook for 2020, Wind and Solar Energy will meet

56% of the world electricity demand in 2050. Leading countries will go as high as 70-80% before hitting economic limits. Wind will take the lead from solar.

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• Wind energy is the lowest cost option for new electricity supply, without subsidies

(Lazard 13.0).

• Weighted average cost per kwh for 592 MW of new wind power in Alberta: 3.7 cents.

• Anticipated drop in world wind energy costs by 2050 (Bloomberg 2019): 48 per cent.

§ Innovation is driving the price drop: Larger turbines can generate more power from a

given resource, and technology advances in monitoring and optimization allow more

efficient wind harvesting.

Wind Industry

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• As demand for clean electricity ramps up, Canada will increase its reliance on

wind energy as a key technology that contributes low-cost power and flexibility to

a modernized electricity grid.

§ Levels of reliable wind integration are going up all over the world.

• Independent studies have shown that wind energy can readily be integrated into

the grid at levels much higher than what is installed today in Canada.

Wind Industry Cont’d

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OPERATING ASSETS

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• 80% Ownership• The Barr Hydro Plant has an installed

capacity of 4.4 MW and is located on Barr Creek on the west coast of Vancouver Island near the village of Zeballos.

• The plant is owned by the Barr Creek Limited Partnership and operated by the general partner, Barr Creek Hydro Ltd.

• Synex Energy has an 80% interest in both the general partner and Barr Creek Limited Partnership.

• The remaining 20% interest is owned by the Ehattesaht First Nation.

• Commercial operation commenced on February 2, 2012 under the terms of a 40 year Electricity Purchase Agreement with BC Hydro, with an original construction cost of $12,787,115.

Barr Creek Hydro Plant

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Mears Creek Hydro Project

100% OwnershipLocated on Vancouver Island near Gold River, this

3.8 MW run-of-river hydro project was commissioned in January 2004 and provides

electricity to the integrated grid under the terms of a 20 year Electricity Purchase Agreement with BC

Hydro, with an original construction cost of $6,973,534.

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100% Ownership

Located on Vancouver Island near the Mears Creek plant, this 2.8 MW run-of-river hydro project was commissioned in July 2009 and provides electricity to the integrated grid under the terms of a 30 year Electricity Purchase Agreement with BC Hydro. This project is connected to the BC Hydro system though the Mears Creek power line, with an original construction cost of $8,941,265.

Cypress Creek Hydro Project

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100% Ownership

Kyuquot Power Ltd. is a wholly owned subsidiary of Synex Energy which owns and operates a

regulated electrical distribution utility on the west coast of Vancouver Island. Commercial

operation of this utility commenced on May 26, 2006. Kyuquot Power provides electricity from

the BC Hydro integrated grid, replacing a number of small diesel generators, , with an original

construction cost of $3,971,702.

Kyuquot Grid Connection and Utility

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12.5% Ownership

Located on Vancouver Island near Port Alberni, this 6.5 MW run-of-river hydro plant was commissioned in December 10, 2005 and provides electricity to the integrated grid under the terms of a 20 year Electricity Purchase Agreement with BC Hydro. Synex partnered with the Hupacasath First Nation, Ucluelet First Nation and The City of Port Alberni, with an original construction cost of approximately $14,000,000.

China Creek Hydro Plant

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Synex Energy has two shovel ready hydroelectric plants on Vancouver Island:

Newcastle Hydro Project and McKelvie Creek Synex Energy Resources Ltd totalling

9.5 MW.

Synex Energy Resources Ltd. holds licenses on and is in the early planning stages for

over 25 prospective hydro projects in British Columbia.

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Synex International Inc. (TSX: SXI) ("Synex" or the "Company"), is pleased to announce that on January 1, 2021,

Synex Energy Resources Ltd., completed the purchase of all of the issued and outstanding shares of Sea Breeze

Power Corp. ("Sea Breeze"), a privately held British Columbia corporation. Sea Breeze is a wind energy

development company.

Sea Breeze's assets consist of approximately 18 investigative licenses suitable for wind, solar and storage sites

that Sea Breeze has been developing over 20 years at a cost of over $30,000,000. Projects are divided into four

regions of British Columbia: North Vancouver Island, Central coast, Okanagan, and East Kootenays.

Sea Breeze is currently in discussions to develop one or more of these sites for green Hydrogen development.

Sea Breeze Power Corp. Acquisition

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DEVELOPMENT ASSETS

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Sea Breeze Power Corp., through several subsidiary holding companies, holds approximately 50 investigative

tenures for wind energy investigation and development at sites in British Columbia. These areas total

approximately 200,000 hectares and are located in five regions of the province. British Columbia's wind

resource has been independently studied by Garrard Hassan for BC Hydro and shows significant potential.

Sea Breeze's wind development team has a strong track record and credibility in the wind industry. Sea Breeze

is working to systematically investigate and develop its best sites by conducting desktop studies, field studies,

wind speed measurements, and by working with First Nations and other potential project partners.

Sea Breeze recognizes British Columbia's vast potential for wind energy development and continues to develop

its pipeline of current holdings and make new acquisitions.

Sea Breeze Power Corp. Acquisition

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Over $30,000,000 has been invested to date in over 4,700MW of wind assets.

These best in class sites have been permitted and investigated, many since the

early 2000’s. With Seabreeze’s current development pipeline of wind site in British

Columbia, we have an incredible long term opportunity to be a major player in the

renewable power industry in the future.

Sea Breeze Sites Under Development

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Sea Breeze holds two investigative licenses for sites located on this remote coastal island. These ILs are located on the western coast of the island

in which the exposure to coastal winds, higher terrain and large size of the site have created a defined interest in its development potential.

Following further investigation of the surround area, environmental studies and correspondence with local First Nations communities, this island

holds the potential to be host to the largest wind farm in Canada.

Aristazabal Island

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Following on the previous success

of the 99 MW Cape Scott Wind

Farm, Sea Breeze is currently

exploring additional opportunities

for developing wind generation at

sites within British Columbia as well

as across Canada.

Sea Breeze Sites Under DevelopmentRegion Name of Project Capacity (MW)

Past Success Cape Scott Wind Farm – Phase 1 99Past Success Pothole Creek Wind Farm 20Past Success The Wart Wind Farm 20Central Coast Aristazabal Island 1000Central Coast Kitimat Wind Farm 15-75Central Coast Mount Hays & Mount Oldfield 15-75East Kootenays Coal Creek 50-150East Kootenays Mt Connell & Mt Joseph 100-400North Vancouver Island Cape Scott Phase II 50-100

North Vancouver Island Shushartie 100-200

Okanagan Region Bouleau Mountain 100-500Okanagan Region Hedley Creek 50-100Okanagan Region Lemont Creek 50-100Okanagan Region Mount Chapperon 100-200

Okanagan RegionMount Sandberg & White Rocks Mountain 150-300

Okanagan Region Pothole Creek West 15-100Okanagan Region Roscoe Lake 15-100Okanagan Region The Wart South 15-100

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WATER LICENSES

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Located near Tahsis, BC, on Vancouver Island, the proposed McKelvie Project would

provide 5.2 MW of run-of-river power. Both a water license and land tenure have been

issued from the Province of British Columbia.

McKelvie Creek and Newcastle Creek

The Newcastle Hydro Project is to be located on Newcastle Creek on Vancouver

Island near the Village of Sayward. It has a proposed installed capacity of 4.3 MW.

Synex Energy is continuing to advance the regulatory aspects of this project. Both

a water license and land tenure have been issued from the Province of British

Columbia with a combined total of over $10,000,000 of development costs and

25 water licenses.

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Value Proposition

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• As the Junior Hydro and Junior Wind & Solar player with the largest total MW capacity, its current

market capitalization does not reflect The Company’s potential to be the largest wind farm in Canada.

§ Synex’s share price is expected to increase through the next 5 years through analyst and

management projections.

§ Synex offers the lowest share price for the most MW capacity in the industry, enabling minimal

exposure to the investor looking to ease into investment in renewables and grow with this

restructured and modernized corporation.

§ Synex is a renewable development company that generates strong cashflow.

Comparable Companies

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• In the short term, management seeks to acquire a number of small-medium sized assets to achieve operational efficiencies and increase company valuation.

For example:• Hypothetically, if Synex is successful in acquiring $20,000,000 of assets with an unlevered return of 6.5%:

Synex should be able to lever 85% with debt at 4%; and achieve 19% returns on it’s vested capital. • Assuming an additional $620,000 of profit, new EBITDA will be $1,923,000

§ With strong cashflow and under levered assets, Synex is in a strong position to self-finance future acquisitions.

§ Therefore, an accretive acquisition will be a new EPS = $1,923,000 / 39,301,000 = $ 0.05§ Synex has over $10,000,000 of tax losses to offset future income.

• Synex intends on finding operational efficiencies through multiple acquisitions and believes there are ample future opportunities on the horizon in the industry.

• The current EV/EBITDA of 14.65x indicates the company is currently undervalued and has great potential.

Accretive Acquisitions

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$-

$0.05

$0.10

$0.15

$0.20

$0.25

2020A 2021P 2022P 2023P 2024P 2025P 2026P 2027P 2028P 2029P 2030P 2031P

Projected EPS

EPS

With the acquisition of Sea Breeze Corp, Synex will increase 2021 profits by $1,300,000 through doubling revenue. Over the next 5 years, Synex will achieve operational efficiencies and incrementally grow revenue

over time through smaller acquisitions. According to extremely conservative model projections, share price is projected to increase to ~$12.75 in year 5 and EPS is projected to increase to $0.21 per share by 2031.

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To become the leading TSX listed power and utilities company focused on mid-sized renewable

energy projects and to act as a catalyst for change in the power industry through championing a

female-chaired board of directors.

Synex believes generating profit in a socially responsible initiative that benefits Canada’s future is

the utmost rewarding financial instrument as it pays two dividends – one to shareholders and one

to the Earth.

SYNEX INTERNATIONAL INC

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MISSION STATEMENT