Mr. Anthony Sarvucci reports

CLEANGO INNOVATIONS INC ANNOUNCES DEBT SETTLEMENT

Cleango Innovations Inc. has agreed with certain of its creditors to issue an aggregate of $100,000 in outstanding debt. In settlement of the debt, the company will issue 266,666 common shares at a deemed price of 37.5 cents. The company did not file a material change report more than 21 days before the expected closing of the shares for debt transaction as the details and amounts of debts settled under the transaction were not finalized until closer to the closing and the company wished to close the transaction as soon as practicable, which the company deems reasonable as it wishes to improve its financial position by reducing its accrued liabilities as soon as possible.

All debt shares issued pursuant to the debt conversion will be subject to a four-month hold period.

We seek Safe Harbor.