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Delta Cleantech Inc
Symbol	DELT
Shares Issued	58,523,100
Close 2023-05-04	C$ 0.045
Market Cap	C$ 2,633,540
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Delta Cleantech's CEO does a wrap on Q1 developments

2023-05-04 18:01 ET - News Release

Westerman Subject: Delta CleanTech Inc. PDF Document File: Attachment DELTANR.pdf Delta Announces its First Quarter 2023 Business Activities Calgary, Alberta, Canada May 4, 2023 - Delta CleanTech Inc. ("Delta CleanTech" or the "Company") (CSE:DELT, FRA: 66C, OTCQB:DCTIF). Jeff Allison, Delta CleanTech's President and CEO, recently commented on the Company's quarterly results: "We are on the ground supporting both our clients and partners in securing more CO2 to meet their demand, due to a shortage of CO2 in the East Coast of the United States. As a result of the shortage, there has been an increase in the interest of generating new sources of CO2 and Delta CleanTech is exploring, with its partners: new opportunities, and collaboration in the carbon capture business within the United States." Delta CleanTech was selected to participate in the Laurance Reid Gas Conditioning Conference 73, for oil and gas professionals involved in the gas processing, gas conditioning, and gas sweetening industries, and it was held at the University of Oklahoma in February. "The conference is considered to be a key gas processing conference", said Dr. ElMoudir, Delta CleanTech's Engineering Manager, whoalso added, "We presented a project that is unique to the Company, which was the first instance of integrating a carbon capture unit with a Once Through Steam Generator. I also discussed some of the exciting technology development initiatives Delta CleanTech is currently working on." Dr. ElMoudir commented on additional Delta CleanTech accomplishments: "The Company, with its partners, are awaiting results of a joint funding application to initiate a new research project at a recognized University in Ontario. The project objectives are new discoveries and proprietary intellectual property on unique solvents that are more efficient in capturing CO2. In addition, Delta CleanTech has recently completed technical and economic studies for clients in Alberta. These studies explore ways to integrate a carbon capture plant within a power plant. Our goal is to exceed our client's expectations by delivering CO2 capture integration reports ahead of time and on budget." Mr. Allison outlined some of Delta CleanTech'srecent businessdevelopments, stating: "Delta's LCDesigntrademark Carbon Capture Technology has been selected by three energy companies, which will allow the Company to design and build carbon capture projects in Canada and China. Two of these plants will be operational this year. We are pleased to provide our customers with proven and reliable technology and look forward to our customers taking the lead on future announcements on these exciting projects. To meet Delta CleanTech's growth in project development to produce royalties, new skilled engineers have been added to our team; both in Calgary, Alberta and Regina, Saskatchewan." Delta has expanded in the Middle East and Arab Gulf area, by initiating a new subsidiary, Delta Cleantech Abu Dhabi. The goal is to serve our customers and partners, to help them achieve their carbon reduction initiatives. Dr. Aboudheir, the Company's ChiefTechnologyOfficer and CEO of Delta Cleantech Abu Dhabi, has been appointed as the chair of the COI-Energy sector committee for COP 28, sponsored by the Canadian business Council. He commented: "Delta attended the Egypt Petroleum Show 2023 in Cairo in February and we provided daily sessions on carbon capture technologies during the event which generated new business opportunities." Marty Seymour, CEO of Carbon RX Inc. ("Carbon RX"), Delta CleanTech's carbon credit division, commented that "Carbon RX has been active in the nature-based carbon credits field. The organization continues to pursue additional agreements with Indigenous land holders whoare focused on participating in the carbon economy. Strong demand for the purchase of carbon credits has also resulted in offtake agreements with both Canadian and Asian buyers. Carbon RX continues to engage with technology providers utilizing remote sensing technology and data management solutions, to address the need for efficient high quality carbon credit generation." Delta CleanTech Inc. is a 19-year ESG-driven, recognized technology leader in CO2 Capture, Decarbonization of Energy, Solvent & Glycol Reclamation, Blue Hydrogen Production, and Carbon Credit Aggregation and Management. Delta continues to provide solutions to clients in sequestering, capturing, and reducing CO2 and through its affiliate, Carbon RX, is originating, validating, digitizing, and streaming Carbon Credits. For more information contact: Jeff Allison, President & CEO Phone : 306-352-6132 E-mail: jallison@deltacleantech.com Forward Looking Statements This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation, which are based upon Delta's current internal expectations, estimates, projections, assumptions and beliefs and views of future events. Forward-looking information can be identified using forward-looking terminology such as "expect", "likely", "may", "will", "should", "intend", "anticipate", "potential", "proposed", "estimate" and other similar words, including negative and grammatical variations thereof, or statements that certain events or conditions "may", "would" or "will" happen, or by discussions of strategy. Forward-looking information include estimates, plans, expectations, opinions, forecasts, projections, targets, guidance, or other statements that are not statements of fact. Specifically, this news release contains forward looking information relating to the Company's design and build of future projects, and successful funding application, among others. The CSE does not accept responsibility for the adequacy or accuracy of this release.