Mr. J.F. Labbe reports

ECOLOMONDO ISSUES STOCK OPTIONS

Ecolomondo Corp. has issued stock options to several groups, consisting of employees, board members and consultants, to purchase 3.95 million common shares of the company at an exercise price of 17 cents per share for a period of 10 years from the date of the grant.

The options issued to directors and officers will vest over a period of one year (one-half on the date that is six months from the date of grant, and one-half based on performance, attendance and participation on the date that is 12 months from the date of grant), and the options issued to employees and consultants will vest over a period of three years (one-third on each anniversary of the date of grant), subject to earlier vesting or termination in accordance with the stock option plan of the company.

The options are subject to the approval of the TSX Venture Exchange.

The stock options are issued to Eliot Sorella, executive chairman and director (400,000), Donald Prinsky, CFO and director (300,000), Michael Frankel, director, chairman of the audit committee (200,000), Mathieu Couillard, director, (100,000), Brigitte Gauthier, director, (100,000), Lynn Cote, director (100,000), Michelle Rosa, director (100,000), Christian Paradis, director (100,000), J.F. Labbe, interim chief executive officer (150,000), Aarian Hosein, Hawkesbury's director of operations (200,000), David Hartwell, Hawkesbury's combustion engineer (200,000), and Louis Tourillon, business development consultant (two million).

The company granted two million stock options to Mr. Tourillon, a business development consultant mandated by the company to identify and initiate discussions with potential strategic joint venture partners. Mr. Tourillon is a business consultant with extensive background and experience in the Canadian and international financial communities, and is expected to contribute immensely to help the company achieve its strategic objectives.

The company also issued 200,000 stock options to Mr. Hosein, recently appointed as the director of operations of the Hawkesbury facility.

Mr. Hosein joined the company's operations in 2023, and has already contributed significantly to the facility's management team and overall efficiency of the plant.

In addition, the company issued 200,000 stock options to Mr. Hartwell, Ecolomondo's combustion engineer and gas specialist for the Hawkesbury TDP (thermal decomposition platform) facility. Mr. Hartwell joined the company in August, 2023, after he successfully designed and installed the Hawkesbury burner systems and controls. In the last year, he was instrumental in spearheading the preparation, installation and commissioning of the new milling line.

About Ecolomondo Corp.

Ecolomondo, headquartered in Quebec, is a Canadian cleantech company that takes pride in its proprietary 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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