Mr. Eliot Sorella reports

ECOLOMONDO PERFORMS ANOTHER MILESTONE WITH TWO SIMULTANEOUS BATCHES IN FULL AUTOMATIC MODE AT ITS HAWKESBURY TDP FACILITY

Ecolomondo Corp. has reached another milestone when it recently performed simultaneous batches of 16,000 pounds in each of its two reactors and in full automatic mode. This important step in the ramp-up of the Hawkesbury TDP (thermal decomposition process) facility confirms many key elements of Ecolomondo's technology, in particular: The company's investments in the automation have led to process efficiency and ensure output optimization. The control system allows for the least amount of human interface and the total supervision of the entire TDP process and all process parameters of both reactors to produce batches of 16,000 pounds each, within the expected process time frame of eight hours.

Since initial tests of reactors in January, 2023, the company continued to make extensive improvements and capital expenditures, all leading to greater efficiency of the plant over all. The company improved the throughput of the tire shredding line, reactor evacuation and reactor loading, achieving the desired thresholds.

Most capital upgrades have now been completed and the company is now focusing on improving the recovered carbon black postprocessing systems and its efficiency, working to achieve the required quality and output.

The company believes that the Hawkesbury plant is nearing the threshold of sophistication to process large quantities of end-of-life tires efficiently to produce large quantities of sustainable recovered products (oil, gas, steel and recovered carbon black).

The company believes that its recovered end products will be widely accepted by industry, in particular since its products have been ISCC (International Sustainability and Carbon Certification) certified.

The company believes that once fully ramped up and commercially operational, the Hawkesbury plant will be a testimonial to an efficient and commercial TDP turnkey facility that the company believes will bring more viability to TDP technology and help ramp up the company's global expansion agenda.

About Ecolomondo Corp.

Ecolomondo is a Canadian clean technology company, which prides itself after its proprietary thermal decomposition technology, that 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 (recovered carbon black), oil, syngas, fibre and steel. Ecolomondo expects to be a leading player in the clean technology 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 on the OTCQB under the symbol ECLMF.

About the Hawkesbury plant -- a two-reactor TDP facility

The Hawkesbury facility building is 46,200 square feet and has an impressive indoor clearance of 28 feet. It is state of the art and houses four main production departments: tire shredding, thermal decomposition, recycled carbon black refining and oil fractionation. Once fully operational, this facility is expected to process 1.3 million of scrap tires per year and produce 8.7 million pounds of recovered carbon black, 34,608 barrels of oil, 2.9 million pounds of steel and 2.6 million pounds of process gas.

About the Shamrock project -- a six-reactor TDP facility

Processing capabilities for the Shamrock facility are projected at 5.5 million end-of-life tires per year, yielding approximately 35.1 million pounds of recovered carbon black, 128,100 barrels of oil, 11.9 million pounds of steel and 10.6 million pounds of syngas; this is roughly three times the size of the company's Hawkesbury (Ontario) plant output. Facility construction is expected to begin by the third quarter of 2024, with completion expected by the end of the fourth quarter of 2025. Projected cost to build is approximately $93-million (U.S.).

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