Mr. Ryan Jackson reports

CIELO ANNOUNCES SHARES FOR DEBT TRANSACTION AND PROVIDES ADDITIONAL UPDATES

Cielo Waste Solutions Corp. has executed an agreement for the repayment of approximately $62,000 in debt by way of share issuance, subject to the approval of the TSX Venture Exchange.

As full and final repayment of $62,307.70, the company has agreed to issue 2,076,923 common shares at a price of three cents per share. The shares for debt transaction is subject to the approval of the exchange. Upon approval and issuance, the repayment shares will be subject to a hold period of four months.

Share consolidation

Further to the company's news release dated Nov. 27, 2023, management has decided to delay the recently approved share consolidation until the new year (calendar 2024). The consolidation remains subject to the approval of the exchange. An update will be provided with the effective date of the consolidation, once determined.

Patent application

The company has filed a new United States non-provisional patent application with the U.S. Patent and Trademark Office for the company's "Enhanced Distillate Oil Recovery from Thermal Processing and Catalytic Cracking of Biomass Slurry." This new application is a continuation of and claims priority benefits from U.S. serial No. 17/182,167 filed on Feb. 22, 2021, which is a continuation of U.S. serial No. 16/899,291 filed on Jan. 11, 2020, which is a continuation of and claims priority from U.S. application No. 16/041,110 filed July 20, 2018, which claims priority from U.S. provisional application No. 62/535,634 filed July 21, 2017.

Attendance at COP28 climate summit roundtable

Cielo is also proud to announce that Ryan Jackson, chief executive officer of Cielo, was asked to and did attend (virtually) the "Industry Roundtable: Industry Perspectives on the Global Biofuels Alliance (GBA)," held at the GBA Pavilion, COP28 UAE. Global Biofuels Alliance (GBA) is a multistake holder alliance of governments, international organizations and industries, an initiative by India as the G20 chair, bringing together the biggest consumers and producers of biofuels to drive development and deployment of biofuels. The initiative aims to position biofuels as a key to energy transition and contribute to jobs and economic growth.

About Cielo Waste Solutions Corp.

Cielo was incorporated under the Business Corporations Act (British Columbia) on Feb. 2, 2011. Cielo is a publicly traded company with its shares listed to trade on the TSX Venture Exchange under the symbol CMC and on the Frankfurt Stock Exchange 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 has a business model to construct additional processing facilities. Cielo's objective is to generate value by converting waste to fuel, while fuelling the sustainable energy transition.

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