Worksport Ltd (Nasdaq: WKSP) (the “Company”), seeking to capitalize on the growing shift of consumer mindsets towards clean energy with its proprietary solar and green hydrogen-based technologies, is set to expand its manufacturing operations by 222,000 square feet into the United States of America. The Company is under contract and conducting due diligence for a period of 70 days. This purchase would establish a strategic presence with a state-of-the-art facility in the Buffalo, NY suburb of Seneca, near ports, distribution hubs, and the Canadian border.

As the Company’s manufacturing systems began occupying more space than expected and demand across all product lines increased, management proactively pursued additional manufacturing capacity that its recently leased Canadian manufacturing facility could not support alone.

“We are working with numerous US banks for a mortgage with attractive rates to preserve our large cash reserves and have already been acquiring necessary equipment including two robotic milling machines and cutting machines to hit the ground running. We are also considering robotic panel cutting, punching, and bending machines,” states Steven Rossi, CEO Worksport.

With an effective 222,000 square feet sitting on over 15 acres of land, the facility spans approximately 150,00 square feet and comes equipped with a 17,229-square foot Automated Storage & Retrieval System (AS/RS) standing 90 feet tall. This AS/RS can reduce labor costs and increase throughput by automatically loading, handling, storing, and picking 5,200 pallets weighing up to 3,000 lbs/pallet; a system representing 70,000 square feet of additional, fully automated warehouse space to support inventory demands and long-term growth.

There are also five more acres of additional land where the Company can develop between 50,000 to 100,000 square feet of additional space over coming years. And the facility’s footprint infrastructure already meets the Company’s current power and height requirements, which will allow for quick and streamlined occupancy and setup.

Worksport management would be proud to bear the American flag across all product lines, including the Company’s mobile, modular Terravis System (having recently resolved shipping and supply chain issues), Terravis Energy’s versatile, fast charging Non-Parasitic Electric Vehicle (NPEV) systems and the Terravis Microgrid™, as well as future products.

This manufacturing expansion would also align directly with the Company’s direct to consumer push that management expects will result in strong profit margins and immediate market penetration, as the Company focuses on aggressive EBITA targets within the next 12-24 months.

Worksport will update its shareholders on the purchase contract ratification, contingent upon no critical findings from Company due diligence, as well as the facility’s full scale production readiness as they become material; management estimates to close no later than April 2022.

“This is an absolutely huge step in the journey for Worksport and Terravis Energy to become major leading forces in the automotive and energy sectors. The State of New York and the municipality of Buffalo have been incredible to work with and very generous in offering business incentives of various forms including grants and rebates. We aspire to complete due diligence early and begin capitalizing on this opportunity. We would be thrilled to proudly proclaim the Company’s products are ‘Made in America’,” said Steven Rossi, CEO Worksport.

About Worksport Ltd.

Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport Ltd. seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. For more information, please visit www.worksport.com, www.terravisenergy.com, www.investworksport.com and www.goterravis.com.

Connect with Worksport

Please follow the company’s social media accounts on Twitter, Facebook, Linkedin, and Instagram, as well as sign up for the company’s newsletters at www.worksport.com, www.terravisenergy.com or www.investworksport.com. Worksport Ltd. strives to provide frequent updates of its operations to its community of investors, clients, and customers to maintain the highest level of visibility.

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For additional information, please contact:Steven Obadiah Investor Relations

T: +1 (888) 506-2013 E: investors@worksport.comW: www.investworksport.com

Forward-Looking Statements

The information contained herein may contain "forward‐looking statements." Forward‐looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. Such statements include, but are not limited to, statements contained in this press release relating to the view of management of the Company concerning its business strategy, an up listing to a national exchange, future operating results and liquidity and capital resources outlook. Forward‐looking statements are based on the Company's current expectations and assumptions regarding its business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The Company's actual results may differ materially from those contemplated by the forward‐looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward‐looking statements. Factors or events that could cause the Company's actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward‐looking statements to conform these statements to actual results. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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