News Release

Armada Mercantile Ltd., (Symbol: ARM and AAMTF) hereby releases a stockholders newsletter update and brochure issued by Zero Nox, Inc., our 10% ownership portfolio company. Zero Nox has a proprietary green energy, battery-powered drive train, specifically designed to power forklifts. Zero Nox installs the drive train into an existing forklift body manufactured by a leading International forklift company. Zero Nox designed forklifts include both a lithium iron phosphate battery model and lithium nickel manganese cobalt oxide battery model. Zero Nox forklifts will fully charge in 4 hours, holds a double shift battery life, and is completely emission-free releasing zero fumes.

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