Mr. Scott MacFabe reports

BLUMETRIC ANNOUNCES STOCK OPTION EXTENSION

Blumetric Environmental Inc. has extended the expiry date for 1,483,000 stock options granted by Blumetric to several of its employees (the stock option extension). The stock option extension does not include any stock options granted to directors, officers or insiders of the company. Of the 1,483,000 stock options subject to the stock option extension, 1,417,000 stock options granted in August, 2022, with an exercise price of 35 cents were set to expire on Aug. 24, 2027; and 66,000 stock options granted in February, 2023, with an exercise price of 40 cents were set to expire on Feb. 27, 2028. The board of directors approved a two-year extension to the exercise period of each option such that the options will expire on Aug. 24, 2029, and Feb. 27, 2030. There is no change to the exercise price of the stock options. The stock option extension is subject to the approval of the TSX Venture Exchange.

About Blumetric Environmental Inc.

Blumetric Environmental 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, Ont., BluMetric's team of industry experts serves commercial and industrial, military, mining, and government clients.

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