Mr. Jean-Francois Labbe reports

ECOLOMONDO ANNOUNCES AMENDMENTS TO LOAN AGREEMENTS WITH EXPORT DEVELOPMENT CANADA (EDC)

Ecolomondo Corp. has reached an agreement in principle to amend certain terms under its loan agreements with Export Development Canada (EDC).

Strategic discussions between the company and EDC have led to this very important development that should allow the company to benefit from improved working capital and give investors a higher level of confidence.

As announced in previous press releases, the company has focused its recent efforts and invested substantial resources in the past year to replace its milling and conveying equipment at the Hawkesbury facility's recovered carbon black (rCB) department. The successful commissioning of this new equipment is expected to allow the Hawkesbury facility to have the capacity to process up to 2,200 pounds of rCB per hour with a particle size distribution of 90 per cent between 10 to 15 micrometres, specifications required by most of the company's rCB offtake customers.

The original loan of $32.5-million was used to finance the construction of the company's first of its kind new turnkey thermal decomposition facility in the town of Hawkesbury, Ontario, that will process end-of-life tires to produce reusable resources. In the revised terms, EDC agreed, subject to final documentation, to a temporary principal and interest holiday.

Two other loans were extended to the company's subsidiary, Ecolomondo Environmental (Hawkesbury) Inc., owner of the Hawkesbury facility, one for $3-million, announced in May, 2024, and the second for $2-million, announced in November, 2024.

EDC has also agreed, subject to final documentation, to a temporary interest and capital payment holiday on these loans.

"EDC has partnered with Ecolomondo since day one of the Hawkesbury TDP project, and these new loan conditions are a clear demonstration that key stakeholders strongly believe in the success of the TDP technology," 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 (TDP). 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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