Mr. James Bond reports

KELSO TECHNOLOGIES INC. ANNOUNCES IT HAS RECEIVED FINAL ARBITRATION JUDGEMENT

Kelso Technologies Inc. has received the final arbitration decision in the arbitration proceeding relating to a dispute with G&J Technologies Inc. et al., which started in March, 2021. The dispute was with respect to the termination of a technology development agreement (TDA) dated Nov. 10, 2016, between the company and the claimants. The above dispute proceeded to a formal arbitration hearing in September, 2022. The company and the claimants have received the arbitrator's final award that determined all the disputed issues between the parties. The award is binding on all parties and requires Kelso to provide a final financial payout of $465,360 (U.S.) to the claimants for termination fees, asset payment issues and legal fees.

The arbitrator's ruling in no way affects the company's ability to continue with the KXI Wildertec heavy-duty suspension program, which is progressing under the guidance of professional engineers, wilderness experts and software specialists. The KXI technologies will remain unencumbered by the arbitration ruling.

About Kelso Technologies Inc.

Kelso is a diverse product development company that specializes in the design, engineering, production and distribution of proprietary service equipment used in transportation applications. The company's reputation has been earned as a designer and reliable supplier of unique, high-quality rail tank car valve equipment that provides for the safe handling and containment of hazardous and non-hazardous commodities during transport. All Kelso products are specifically designed to provide economic and operational advantages to customers while reducing the potential effects of human error and environmental harm.

We seek Safe Harbor.