Mr. Jean-Francois Labbe reports

ECOLOMONDO CONCLUDES AMENDING AGREEMENTS WITH EXPORT DEVELOPMENT CANADA

Ecolomondo Corp. has concluded amending agreements to loans with Export Development Canada.

The conclusion with EDC of these amending agreements is an extremely important step forward that should allow the company to not only benefit from improved working capital but also give investors a higher level of confidence, which is pivotal for the company to achieve its strategic goals.

The successful commissioning of the new milling line, which is nearing completion, 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 96 per cent between 10 and 15 microns, enough capacity to allow both thermal decomposition technology reactors and shredding line to operate at full capacity.

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, Ont., that will process end-of-life tires to produce reusable resources. In the revised terms, EDC agreed to a temporary principal and interest payment 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 to a temporary principal and interest payment holiday.

"The conclusion of these agreements to allow principal and interest payment holidays is a major step forward for Ecolomondo. It should allow the company to fully ramp up Hawkesbury and to begin to focus on its global expansion, beginning with the construction of the Shamrock (Texas) facility," said Jean-Francois Labbe, interim chief executive officer of the company.

Current events

Webinar on May, 2025

Discover Ecolomondo's path forward in Journey to Profitability, an insightful webinar on May 5, 2025, at 4 p.m. ET, exploring the company's progress and future direction. Executive chairman Eliot Sorella will discuss the impact of last year's production challenges and how the new milling line installation at the Hawkesbury facility in Canada marks a turning point for production.

Nominated for the 2025 Recircle Awards

Ecolomondo has been nominated as finalist at the 2025 Recircle Awards for the tire pyrolysis award. The Recircle Awards is a global event designed to recognize the contribution of companies and individuals within the tire manufacturing, retreading and recycling industries toward the circular economy. The winners of the fourth Recircle Awards will be announced in a live ceremony on May 22, 2025, at the Future of Retreading and Recycling Conference, in Italy.

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.

We seek Safe Harbor.