Mr. Jean-Francois Labbe reports

ECOLOMONDO PROVIDES UPDATE ON INSTALLATION OF ITS NEW MILLING LINE AND PROGRESS AT THE HAWKESBURY TDP FACILITY

Ecolomondo Corp. has provided an update on the installation of the new milling line and progress at its Hawkesbury thermal decomposition technology facility.

The company recently announced that it received delivery in late January, 2025, of its new milling line previously purchased in August, 2024. Preparation for the installation of the new milling line began in October, 2024, to receive and ensure that the installation would be seamless and take the least amount of time to install. The company announces today that the installation is progressing well, and is on schedule and on budget.

Installation requires fine positioning, connection to power distribution, to dust collection system and to air compression systems. It requires the installation of magnetic separators, a conveying system and other supporting equipment. It also involves the connection to Ecolomondo's control network that ensures the efficiency of the entire TDP facility and the consistent quality of the end products.

The company further reports substantial progress has been made in all departments of the facility and expects that installation of the new mill will be completed in March, 2025, while commissioning will start soon thereafter. The company expects to begin recovered carbon black production in April, 2025, and expects to gradually ramp up its production by the fourth quarter of 2025.

Once installed, this new milling line will be fully automated using HMI technology. As previously announced, the milling line is expected to have a capacity to process 2,200 pounds per hour of recovered carbon black with a particle size distribution of 90 per cent between 10 and 15 microns, specifications required by most of the Hawkesbury plant's rCB offtake customers. The processing capacity of the new milling line should more than satisfy the production capacity of rCB produced at the Hawkesbury plant.

The current output from the Hawkesbury facility reaffirms the efficiency and safety of the process, the effectiveness of the control system, and the quality and consistency of its end products, a formula needed for commercial success.

In January, 2025, the company performed its 100th batch at full capacity of 15,000 pounds each, processing approximately 130,000 end-of-life tires, production of approximately 900,000 gallons of tire-derived oil, 460,000 lb of recovered carbon black and 200,000 lb of steel.

In anticipation of the commissioning of the new mill and in preparation of the final ramp-up of the Hawkesbury TDP facility, the company recently bolstered its Hawkesbury staff to 27 employees. It is also preparing to soon implement double work shifts while training and giving safety training to all new hires.

Middle management at the Hawkesbury TDP facility is also taking shape. Effective immediately, Aarian Hosein has been appointed director of operations, Steve Rampersad has been promoted to facility maintenance lead and Yash Gajjar has been promoted to site production engineer.

Mr. Hosein is a versatile individual with natural abilities for problem solving and leadership. He has a proven record for developing effective teams and achieving cultural transformation for Ecolomondo in safety, quality and operational efficiency. He brings a fine blend of technocommercial experience, supported by a bachelor's degree in mechanical engineering, an MBA in human resource and general management, and over 20 years of experience in technical oil and gas.

Mr. Rampersad is a highly motivated and competent individual with strong technical background and experience in the industrial mechanical and operations field, with engineering technical diplomas and over 20 years of field experience. He has proved to be instrumental in scaling up and performing much needed upgrades in the company's tire shredding operations.

Mr. Gajjar, a hard-working and committed employee since June, 2022, is not afraid to take on challenges. Backed by a bachelor's degree in power electronics engineering, eight years of professional experience and strong understanding of process operations, he has proved to be a valuable asset to the company's progress in the commissioning and overall performance particularly in the TDP department.

Hari Mynampati will retain his role as global sales director end products, and his role will be expanded to global TDP sales.

"We expect that achieving this new milestone of processing the recovered carbon black with the new mill will finally bring the company to final commissioning of the Hawkesbury TDP facility and its commercialization," said Jean-Francois Labbe, interim chief executive officer of the company.

About Ecolomondo Corp.

Ecolomondo, headquartered in Quebec, is a Canadian cleantech company that takes pride in its proprietary thermal decomposition technology. 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.

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