Mr. Ryan Jackson reports

CIELO ANNOUNCES CLOSING OF FIRST TRANCHE OF UNIT OFFERING

Cielo Waste Solutions Corp. has closed a tranche of its non-brokered private placement offering of up to 40 million units at a price of five cents per unit. The offering was initially announced on Oct. 9, 2025. In the first tranche, 29,325,000 units were issued for gross proceeds of $1,466,250. Each unit comprises one common share of the company and one whole common share purchase warrant of the company, with each warrant entitling the holder thereof to purchase one common share at a price of seven cents per common share for a period of two years from the date of issuance.

The units were offered by way of private placement pursuant to exemptions from prospectus requirements under applicable securities laws. All securities issued under the offering to date are subject to a hold period expiring March 8, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The offering has received conditional approval from the exchange. In connection with the offering, the company paid finders aggregate cash finders' fees of $5,500 and issued 40,000 finder options. Each finder option entitles the holder to purchase one common share at an exercise price of five cents per share for a period of 24 months from the closing date of the offering.

Net proceeds of the offering are anticipated to be used for the development and early-stage engineering of the company's proposed renewable fuels facility in British Columbia, including regulatory and incentive application work, as well as general working capital purposes, including the payment of approximately $750,000 under the terms of the settlement agreement (as defined in and further described in the company's news release dated April 30, 2025) with Expander Energy Inc., which the company confirms has been paid in full.

Cielo may complete one or more additional closings of the offering on or before Nov. 24, 2025.

"We believe this financing demonstrates strong investor confidence in our vision," said Ryan C. Jackson, chief executive officer. "We're turning the page from restructuring to growth, with all efforts now directed toward delivering Project Nexus in British Columbia. We see this as a key step toward positioning Cielo at the forefront of the province's clean-fuels economy and supporting Canada's broader low-carbon goals."

About Cielo Waste Solutions Corp.

Cielo Waste Solutions is a publicly traded company focused on transforming waste materials into high-value products. Cielo seeks to address global waste challenges while contributing to the circular economy and reducing carbon emissions. Cielo is fuelling environmental 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. Cielo is committed to helping society by providing environmental waste solutions, which the company believes will contribute to generating positive returns for shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol CMC as well as on the OTC Pink Market under the symbol CWSFF.

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