Mr. Ryan Jackson reports

CIELO ANNOUNCES GRANT OF STOCK OPTIONS

Cielo Waste Solutions Corp. has granted 250,000 stock options to certain officers and consultants to the company. The options were granted pursuant to the company's 10-per-cent rolling stock option plan.

Each option represents the right to receive one common share of the company upon vesting, exercisable at 31 cents per share. Options will vest as to 50 per cent on April 30, 2024, and as to 50 per cent on Oct. 30, 2024.

About Cielo Waste Solutions Corp.

Cielo is fuelling renewable change with a mission to be a leader in the wood byproduct-to-fuels 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 liquids (EBTL) and biomass gas to liquids (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 its shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol CMC and on the OTC (over-the-counter) markets under the symbol CWSFF.

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