Mr. Jeffrey Ciachurski reports

GREENBRIAR ANNOUNCES THE CLOSING STAGE FOR SAGE RANCH

Greenbriar Sustainable Living Inc. has commenced the following preclosing activities.

Greenbriar is pleased to announce that it has acquired the 267 acre-feet of deeded water rights needed for Sage Ranch. In addition to the water being directly owned by Greenbriar, Paul Morris has just placed his 76 acre-feet of deeded water in an irrevocable escrow account, and Ronnie Strasser, who is under a binding contract with the company, will soon enter into an irrevocable escrow account.

Water usage demand for Sage Ranch has significantly declined as a result of a recent and accurate water consumption analysis, performed by the city over the last two years. These data accurately reflect the much smaller individual unit footprint of the 995 homes at Sage Ranch, compared with an earlier outdated analysis, based on much larger older homes in the community, prior to 2021. In addition, Sage Ranch has adapted to more drought-resistant native landscaping, providing an overall substantial water use reduction.

Sage Ranch allows the city to provide new housing inventory to the badly needed affordable new home shortage plaguing the Southern California region. The market for Sage Ranch not only includes the immediate local area market, which traded more than 600 homes in fiscal 2025, but also includes the large aerospace and industrial community of nearby Antelope Valley in Los Angeles county, 33 miles away. Sage Ranch is a 20-to-45-minute drive from major employers such as Edwards Air Force Base, the U.S. Air Force Test Center, Northrop Plant 42, (the new B-21 Raider) Space X, Mojave Air and Spaceport, Pacific Steel Group (first new steel furnace in California in 80 years), Hydro-Store, Terra Gen's new 5,000-megawatt solar farm with 8,000 megawatt-hours of new battery storage, and numerous other local industries. Thirty-five miles to the west lies the Greater Bakersfield area, which is in the heart of the California agriculture and petrochemical industries. The city provides new homes to these dynamic employers, and Sage is at the centrepiece of this effort, both literally and figuratively.

Sage Ranch is an environmental showcase due to its specific location. No automobile is required for any travel to and from school (all three schools (high, middle and elementary schools) are all immediately bordering Sage Ranch on three sides) and the downtown retail and tourism centre is a five-block walk.

Sage Ranch will bring over $260-million of new construction work to the city over seven years, provide millions of dollars of taxes plus city fees over the life of the project. Its impact is substantial, and its importance is significant.

Greenbriar will now undertake work to concurrently close the construction loan to finance all of the improvements and the first-phase construction of the first 144 homes; solicit the best-quality final bids from subtrades through its general contractor, Richard Phillips Homes Inc., to commence the physical improvements; and apply to the city for the full suite of permits required to build the improvements, starting with grading, curb and gutter, wet and dry utilities, sidewalks, and roads. Greenbriar provided the city with extensive engineering documentation in 2024.

On July 7, 2026, the company re-executed the mandate agreement with its project finance lender to finance construction, subject to industry-standard and customary closing conditions.

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.