Mr. Ryan Jackson reports

CIELO PROVIDES UPDATE ON CONTINUED PROGRESS AND MILESTONES ACHIEVED TO ADVANCE CARSELAND BIO-SYNDIESEL PROJECT

Cielo Waste Solutions Corp. has shared an update on its Carseland, Alta., biosyndiesel project.

Once completed, the Carseland project represents Cielo's first commercial byproduct-to-fuel facility designed to convert wood byproducts into low-carbon-intensity renewable biosyndiesel fuel. The Carseland project will be situated adjacent to an existing synthetic fuel facility owned and operated by Rocky Mountain Clean Fuels Inc. (RMCFI), which deploys patented technology developed by Expander Energy Inc.

The biosyndiesel fuel produced at the Carseland project will meet current specifications for RD100 renewable diesel fuel, which is compatible with today's existing diesel engines. Cielo is proud to use Expander's patented biomass-to-liquid technology, which uses wood and agricultural byproducts or municipal solid waste (MSW) and does not rely on food-competitive feedstock.

"With three cornerstone agreements in place, Cielo has been able to ramp up the definition, scope and scale of the Carseland project, allowing our team to confidently move forward with the engineering, regulatory permit applications and early procurement activities needed to make a final investment decision in the coming months," said Ryan Jackson, Cielo's chief executive officer. "We are in a strong position to leverage the market-ready technology and early-mover advantage."

Carseland project recent progress and milestones

The engineering and technical teams at Expander continue to make progress and expect to be in a position to submit a new permit application to Alberta Environment and Protected Areas in the coming weeks.

Several existing critical commercial and business agreements underpin the progress that has been achieved to date. These agreements are noted herein and were acquired under the terms of the acquisition transaction with Expander, which was completed and announced in November, 2023:

• Biomass feedstock: Cielo has secured a long-term contract with an established local biomass supply company, Ecco Recycling & Energy Corp. This contract provides Cielo with a continuing and cost-effective supply of the requisite biomass feedstock for the Carseland project.
• Site location: As a core component of the Carseland project and as previously disclosed, Cielo has secured approval for a long-term lease on a parcel of land totalling 25 acres, situated immediately adjacent to the existing and operational RMCFI synthetic fuel facility in Carseland. This enables Cielo to leverage existing infrastructure and operational capabilities to accelerate commercial production of biosyndiesel fuel.
• Syngas processing agreement: The transaction with Expander allowed Cielo to secure a long-term syngas processing agreement with RMCFI. Through this agreement, biosyngas produced at the Carseland project will be converted into 8.2 million litres per year of renewable biosyndiesel fuel at the existing, operational and adjacent synthetic fuel facility.

Cielo looks forward to providing continued updates as further progress is made and milestones are achieved.

About Cielo Waste Solutions Corp.

Cielo Waste Solutions is fuelling renewable change with a mission to be a leader in the wood byproduct-to-fuel industry by using environmentally friendly, economically sustainable and market-ready technologies. The process and technology do not use food as feedstock as the company is proudly advancing its non-food-derived model based on its exclusive licence in Canada for patented enhanced-biomass-to-liquid (EBTL) and biomass-gas-to-liquid (BGTL) technologies and related intellectual property, along with an exclusive licence in the United States for creosote and treated wood waste, including abundant railway tie feedstock. The company has assembled a diverse portfolio of projects across geographic regions and secured the ability to leverage the expertise of proven industry leaders. Cielo is committed to the goal of producing renewable fuels from wood byproducts that contribute to a cleaner fuel source and generating positive returns for the company's shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol CMC as well as on the OTC Markets under the symbol CWSFF.

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