Mr. Jean-Francois Labbe reports

ECOLOMONDO UPDATES ON THE COMMISSIONING OF ITS NEW MILLING LINE

Ecolomondo Corp. has installed and commissioned its new milling machine.

The technical teams at the plant focused their efforts during the past few months on the installation and commissioning of the new milling machine that processes the recovered carbon black produced at the Hawkesbury plant.

The new milling machine was tested, and the results produced an output of 3,000 pounds per hour, with a particle size distribution of 97 per cent below 15 microns. The rCB throughput achieved more than satisfies the rCB requirements of the total Hawkesbury plant output, and the particle size achieved at D97 below 15 microns should more than satisfy the most stringent demands of the company's offtake customers. The particle size achieved was also independently tested by a third party, Polytechnique de Montreal.

Now that these milestones have been achieved, the technical teams aim to focus on commissioning the downstream equipment, in particular the conveying, pelletizer, dryer and bagging systems. The company expects to complete this commissioning in the coming weeks and begin initial processing of rCB soon thereafter.

The final commissioning of the new milling line is very important to reaching full ramp-up of the Hawkesbury TDP facility, especially since rCB is a very significant revenue driver of the Hawkesbury plant.

"Our clients have informed the company that they are anxiously awaiting regular supply of rCB. The commissioning of the new milling line will be a major achievement that brings the Hawkesbury facility closer to full production," said Jean-Francois Labbe, interim chief executive officer of the company.

The Hawkesbury facility building is 46,200 square feet and has an indoor clearance of 28 feet. It is modern and houses three main production departments: tire shredding, thermal decomposition and recovered carbon black refining. Once fully operational, this facility is expected to process approximately 1.3 million to 1.5 million scrap tires per year and produce an average of approximately 4,000 metric tonnes of recovered carbon black, 5,000 metric tonnes of pyrolysis oil, 2,000 metric tonnes of steel and 1,200 metric tonnes of process gas.

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.