Mr. Steve Harpur reports

PROGRESSIVE PLANET FINALIZES PURCHASE AGREEMENT WITH LAFARGE CANADA

Progressive Planet Solutions Inc. has signed a purchase agreement with Lafarge Canada Inc. agreeing to purchase all the PozGlass 100G produced by the company's pilot plant up to a maximum of 3,500 metric tonnes per year.

The purchase agreement follows the non-binding MOU (memorandum of understanding) with Lafarge announced March 13, 2023, and allows Progressive Planet to now focus on proving the patent-pending PozGlass technology as a bolt-on solution for existing cement plants in North America and around the globe.

"The purchase agreement is an enormous accomplishment," says Progressive Planet vice-president of strategy and investor relations Ian Grant. "It positions us for global licensing and royalties, which will be an important revenue driver for our company."

Added Mr. Grant, "Glass has virtually the same chemical composition worldwide, which lends itself to rapid scalability for cement manufacturers utilizing PozGlass technology."

The Kamloops-based pilot plant, the final step to validate this technology, begins construction in 2023 and will be operational in 2024. Lafarge provides technical guidance and support to Progressive Planet in advancing the proprietary PozGlass technology through design, construction and operation of the pilot plant.

Progressive Planet provides regular information for investors on its website. This includes press releases and other information about financial performance, patents filed and information on corporate governance.

About Progressive Planet Solutions Inc.

Progressive Planet is a clean technology company and manufacturing company based in Kamloops, B.C., in the heart of some of Canada's richest volcanic fields, which are the prime ingredient of its innovations. Its expertise lies in merging clean technology with ancient volcanic ash and recycled minerals to create planet-friendly products that fight climate change and protect the planet's health.

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