Mr. Eliot Sorella reports

ECOLOMONDO REPLACES A MEMBER ON ITS BOARD OF DIRECTORS

Alain Denis has resigned from the Ecolomondo Corp. board of directors and will be replaced by Mathieu Couillard.

Mr. Denis joined the company as director in October, 2017, lately he was a member of the compensation committee and chair of the audit committee. It is with regret that the company must accept his resignation from the board, motivated by personal and professional reasons.

The board of directors decided to fill the vacancy immediately with Mr. Couillard, as allowed by its bylaws, and subject to final approval by the authorities. Mr. Couillard is a financial consultant, advising management and boards of directors on capital market matters. Mr. Couillard served as managing director of investment banking at Haywood Securities in Toronto, leading the special situations team from 2016 to 2022. Mr. Couillard is an experienced investment banker with extensive experience in capital markets. He participated in over $1-billion in capital raises for private and public companies and is the architect of numerous mergers and acquisitions. Prior to joining Haywood Securities, Mr. Couillard was part of the risk management solutions group specializing in the sales and structuring of derivative products at National Bank of Canada in Toronto. From 2006 to 2014, Mr. Couillard was part of National Bank's investment banking group in Montreal. Mr. Couillard is a fellow of the Society of Actuaries.

"Alain has been a respected member of our board of directors for many years. We thank him for his involvement and his guidance. On the other hand, I look forward to work with Mathieu. His extensive experience in the capital markets will definitely add value and bring a different perspective to our team," commented Eliot Sorella, chief executive officer and chairman of Ecolomondo.

About Ecolomondo Corp.

Ecolomondo is a Canadian cleantech company that prides itself after its proprietary thermal decomposition (TDP) technology which is headquartered in Quebec, Canada. It has a 25-year history and during this time has been focused on its development of its technology and the deployment of TDP turnkey facilities. TDP recovers high-value reusable commodities from scrap tire waste, notably rCB, oil, syngas, fibre and steel. Ecolomondo expects to be a leading player in the cleantech space and be an active contributor to the global circular economy. Ecolomondo trades in Canada on the TSX Venture Exchange under the symbol ECM and in the United States under the symbol ECLMF.

We seek Safe Harbor.