An anonymous director reports

CIELO ANNOUNCES COMPLETION OF SECURITIES FOR DEBT TRANSACTION

Cielo Waste Solutions Corp. has completed the securities for debt transaction with Renewable U Energy Inc. announced in the news releases dated May 10, 2023, and May 17, 2023.

Pursuant to the terms of a definitive agreement executed between the parties (the "Agreement") announced on May 17th, 2023, Cielo has issued to Renewable U 16,666,667 common shares (the "Repayment Shares") at a price of $0.06 per share as repayment of $1 million owing to Renewable U. In accordance with the Agreement, as a result of the issuance of the Repayment Shares, memorandums of understanding (the "MOUs") executed between Cielo and Renewable U in 2021 with respect to four (4) proposed joint ventures have been terminated.

The Repayment Shares are subject to a minimum hold period of four months and one day from the date of issuance, expiring on September 24, 2023.

About Cielo Waste Solutions Corp.

Cielo Waste Solutions Corp. was incorporated under the Business Corporations Act (British Columbia) on February 2, 2011. Cielo is a publicly traded company with its shares listed to trade on the TSX Venture Exchange ("TSXV") under the symbol "CMC," on the Frankfurt Exchange ("DAX") under the symbol "C36", as well as on the OTC Venture Market ("OTCQB"), under the symbol "CWSFF." The Company's strategic intent is to become a leading waste-to-fuel company using economically sustainable technology while minimizing the environmental impact. Cielo has a patented process that can convert waste feedstocks, including organic material and wood derivative waste, to fuel. Having demonstrated its ability to produce diesel and naphtha from waste, Cielo's business model is to construct additional processing facilities. Cielo's objective is to generate value by converting waste to fuel, while fueling the sustainable energy transition.

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