Mr. Scott MacFabe reports

BLUMETRIC ANNOUNCES APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER

Blumetric Environmental Inc. has appointed Dan Hilton to the role of chief financial officer, effective Oct. 1, 2023, subject to TSX Venture Exchange approval.

Mr. Hilton has a proven track record as a finance leader in both fast-growing and established technology companies. He was most recently CFO at Fully Managed Inc. (formerly Careworx), where he played a strategic role on the executive team and board. He successfully contributed to the growth of the managed IT services business, overseeing its expansion to over 500 employees and ultimately orchestrating its profitable sale in 2022.

"We are excited to welcome Dan, a seasoned and strategic finance executive, to help us write the next chapter of Blumetric," said Scott MacFabe, CEO of Blumetric. "With over 35 years of experience as an executive and board member at numerous private and publicly listed SMEs, where he oversaw rapid expansion and acquisitions, Dan brings invaluable expertise to our executive team. Our shared vision is aligned in propelling Blumetric towards becoming the environmental solutions and water cleantech company of choice."

Before joining Fully Managed Inc., Mr. Hilton served as CFO of Datawind Ltd. and Enablence Technologies Inc. (TSXV: ENA). He currently holds board positions at Clarity IOT Services & Technology Inc. and UpSnap Inc.

Mr. Hilton is a Chartered Accountant and a graduate of the University of Ottawa with an Honours Bachelor of Commerce. Additionally, he holds an Executive MBA from the Smith School of Business at Queen's University and an MBA from the Johnson Graduate School of Management at Cornell University.

Effective October 1, 2023, the Board has granted options for 400,000 common shares to the Company's newly appointed CFO, Dan Hilton, pursuant to his employment agreement. The options vest over three years and are exercisable into common shares of Blumetric at a price of $0.30 per share for five years.

About Blumetric Environmental Inc.

Blumetric Environmental Inc. is a publicly traded environmental consulting and engineering company with expertise across professional and trade disciplines and technologies that allow for the design, fabrication and delivery of sustainable solutions to environmental and water challenges. Blumetric has more than 180 employees operating in ten offices and over 40 years of expertise. Headquartered in Ottawa, Ontario, Blumetric's team of industry experts serves Commercial and Industrial, Military, Mining and Government clients.

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