Mr. Phil Cull reports

OSTROM PROVIDES UPDATE IN RELATION TO MANAGEMENT CEASE TRADE ORDER

Ostrom Climate Solutions Inc. provides the following default status report as required under the terms of the management cease trade order (MCTO) issued by the British Columbia Securities Commission on May 2, 2023, under National Policy 12-203 -- Management Cease Trade Orders.

The company's board of directors and its management confirm that they are working expeditiously with the auditors to meet the company's obligations.

The company confirms that there is no other material information concerning the affairs of the company that have not been generally disclosed as of the date of this news release and that there are no insolvency proceedings against it as of the date of this news release.

About Ostrom Climate Solutions Inc.

Ostrom Climate specializes in advisory, technology and project investment services applied to sustainable commodities and ecological assets, with a primary focus on carbon. The company helps organizations understand, reduce and offset their climate impact, and provides its customers with a multidisciplinary approach to managing risk, enhancing asset performance and securing commercial returns. While managing climate change risk, the company improves livelihoods and sustainability in project regions. Based out of Vancouver, B.C., the company's team has a global reach. It has worked with over 200 leading business organizations.

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