GreenPower Motor Company Inc. Press Release – May 21,2014

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GreenPower Motor Company Inc. announces shareholder approval of proposed RTO with Oakmont Minerals and other voting results from its Annual General and Special Meeting

Vancouver, Canada – May 21, 2014 – GreenPower Motor Company Inc. (the “Company”) is pleased to announce that of the disinterested shareholders of the Company entitled to vote on the proposed reverse takeover transaction with Oakmont Minerals Corp. (“Oakmont”) previously announced on April 22, 2014 (the “Transaction”), 100% of the votes represented at the Company’s Annual and Special Meeting on May 16, 2014 (the “Meeting”) voted to approve the Transaction.

A total of 28,045,107 common voting shares representing 50.4% of the Company’s issued and outstanding shares were voted in connection with the Meeting. In addition to the Transaction, shareholders voted in favour of all other items of business, including the election of each of the directors Phillip Oldridge, Fraser Atkinson, Theo Sanidas and Kay Wong-Alfariz

At the Annual General and Special Meeting of the shareholders of Oakmont held on the same day, the shareholders of Oakmont voted unanimously in favour of all of the resolutions, including for the Transaction.  Oakmont is a public company listed on the TSX Venture Exchange.

A detailed description of the Transaction and the Meeting is included in the joint information circular dated April 14, 2014 and is available on the Company’s profile on SEDAR at www.sedar.com.

On behalf of the Board of Directors of

GreenPower Motor Company Inc.
Per:   “Fraser Atkinson”
Fraser Atkinson
Chairman and Director

About GreenPower Motor Company Inc.

GreenPower Motor Company Inc. is an electric bus manufacturing company. The company’s long term vision is to be a world supplier of long-range, electric powered vehicles. The company’s first product is the EV 350,  a battery powered 12-meter transit bus, with a range of over 155 miles (250 km) on a single charge.

For further information, please contact:
Fraser Atkinson

Phone: 604.220.8048

GreenPower Motor Company Inc.
240 – 209 Carrall St.
Vancouver, B.C. V6B 2J2
Fax: (604) 681-1867

Completion of the Transaction is subject to a number of conditions. There can be no assurance that the Transaction will be completed as proposed or at all.

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.

Disclaimer for Forward-Looking Statements

Statements contained in this news release that are not historical facts constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws and are based on expectations, estimates and projections as of the date of this release. Forward-looking statements include, without limitation, possible events, statements with respect to the Transaction. The words “is expected” or “estimates” or variations of such words and phrases or statements that certain actions, events or results “may” or “could” occur and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. In particular, this release contains forward-looking information relating to the implied intention of the parties to complete the Transaction. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include failure of the Company to obtain the necessary approvals for the Transaction and any other factors that may cause the Transaction not to be completed. Many of these factors could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company in this release. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. All of the forward-looking statements made in this release are qualified by these cautionary statements. Although the Company believes that the expectations in the forward-looking statements are reasonable, actual results may vary, and future results, levels of activity, performance or achievements cannot be guaranteed.

© 2014  GreenPower Motor Company Inc.  All rights reserved.

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