Mr. Jean-Philippe Mai reports

DST ANNOUNCES MILESTONE ACHIEVEMENTS IN ELECTRONIC MATERIAL TREATMENT PROJECT

Dundee Sustainable Technologies Inc. has made significant progress in its participation in the project aimed at transforming the treatment of electronic waste material (e-waste).

Following the initial announcement on June 23, 2023, Dundee Sustainable Technologies has fulfilled its cash and in-kind contribution commitment in the newly formed company, now officially named Enim Technologies Inc. This achievement was a crucial step forward in the objective to deploy Dundee Sustainable Technologies' proprietary gold extraction Clevr process for the sustainable management of e-waste.

The Enim plant, situated in Thetford Mines at Dundee Sustainable Technologies' technical facilities, began operating in April, 2024, marking the commencement of the operating phase of the project. The primary objective of this phase is to demonstrate the integrated hydrometallurgical treatment of electronic material, with a focus on the recovery of gold, copper, silver and palladium.

"The commencement of the Enim operations represents a significant milestone not only for DST but also for the broader industry seeking sustainable solutions for e-waste management," remarked Jean-Philippe Mai, president and chief executive officer of Dundee Sustainable Technologies. "With the support of our dedicated team and strategic partners, we are poised to drive meaningful change and create lasting value for stakeholders and the environment alike."

Dundee Sustainable Technologies' board of directors has approved the granting of options for 3.65 million subordinate voting shares of the corporation to directors and officers. The options are exercisable at 13 cents per share vesting immediately. The options expire on the fifth anniversary of their grant date. The directors were granted an aggregate of 600,000 stock options. The options granted to officers totalled 3.05 million stock options. Following the grant, the total number of outstanding options under the corporation's plan is 5.9 million, or approximately 9.19 per cent of the subordinate voting shares issued and outstanding.

About Dundee Sustainable Technologies Inc.

Dundee Sustainable Technologies is engaged in the development and commercialization of environment-friendly technologies for the treatment of materials in the mining industry. Through the development of patented, proprietary processes, Dundee Sustainable Technologies extracts precious metals and base metals from mineralized material, concentrates and tailings while stabilizing contaminants (such as arsenic) that could not otherwise be extracted or stabilized with conventional processes because of metallurgical issues or environmental considerations.

Dundee Sustainable Technologies has filed and published and was granted patents for the GlassLock process and the Clevr process in numerous countries.

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