Mr. Jeffrey Ciachurski reports

GREENBRIAR ANNOUNCES CONSTRUCTION PERMIT AND FEASIBILITY STUDY UPDATE FOR SAGE RANCH

Altus Group has updated the pro forma review of Greenbriar Sustainable Living Inc.'s Sage Ranch dated effectively Nov. 27, 2023.

"The purpose of the Altus Group analysis is to assist in benchmarking the relative profitability of the development to facilitate obtaining financing for which Greenbriar has executed a previously disclosed and current $40-million (U.S.) construction loan mandate with Voya Financial.

"At this stage, you have not requested we provide you with an independent appraisal report estimating the current market value of the subject property as is nor have you requested we provide you with an independent appraisal indicating the market value of the subject property in the developed scenario. It is stressed that this is not an appraisal report."

The executive summary reads as noted herein.

Sage Ranch construction permit filing

The Greenbriar professional engineering team will be filing all of the completed engineering construction plans for all of the improvements for phase I construction within the next 10 days for the purpose of obtaining the construction permits.

About Greenbriar Sustainable Living Inc.

Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high-impact projects and led by a successful industry-recognized operating and development team, Greenbriar targets deep-valued assets directed at accretive shareholder value.

We seek Safe Harbor.