Mr. Jeff Allison reports

DELTA AND SUBSIDIARY GRANT STOCK OPTIONS TO ITS SENIOR VICE PRESIDENT OF ENGINEERING AND TECHNOLOGY

Delta Cleantech Inc., under the terms and conditions of the corporation's stock option plan, has granted 250,000 stock options at an exercise price of five cents per share to its senior vice-president of engineering and technology (senior VP of engineering).

The stock options will vest in three equal tranches, on Sept. 18, 2024, Sept. 18, 2025, and Sept. 18, 2026, and shall expire at close of business on Sept. 17, 2027, or such earlier date on which the stock options are exercised. The grant and the terms and conditions of the stock option agreement have been approved by the board of directors of Delta. After the issuance, the corporation currently has 6,314,620 stock options and restricted share units reserved for issuance under its compensation plans.

Delta's subsidiary, Carbon RX Inc., has also issued 250,000 stock options at a price of 50 cents per share to the senior VP of engineering. These stock options will vest immediately and expire at close of business on Sept. 17, 2025, or such earlier date on which the stock options are exercised. The grant and the terms and conditions of the stock option agreement have been approved by the board of directors of Carbon RX. After the issuance, Carbon RX currently has 4.1 million stock options and restricted share units reserved for issuance under its compensation plans.

Delta Cleantech is an 18-year ESG-driven (environmental, social and governance), recognized global technology leader in CO2 (carbon dioxide) capture, decarbonization of energy, solvent and glycol reclamation, blue hydrogen production, and carbon credit aggregation and management. Delta continues to provide solutions to clients all over the world in sequestering, capturing and reducing CO2, and, through its Carbon RX wholly owned subsidiary, is originating, validating, digitizing and streaming carbon credits.