Mr. Aidan Mills reports

NORTHSTAR REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS

Northstar Clean Technologies Inc. has filed its third quarter 2023 unaudited financial statements and management's discussion and analysis (MD&A) on SEDAR+ for the nine months ended Sept. 30, 2023. These documents are also available on the company's website.

Aidan Mills, president, chief executive officer and a director of Northstar, stated: "The third quarter was a monumental quarter for the company, as we secured over $16-million in non-dilutive funding for the Empower Calgary facility as well as a $10-million (U.S.) strategic investment from Tamko Building Products, one of America's largest asphalt shingle manufacturers. With four major, reputable partners in Tamko, McAsphalt, BDC and ERA, we are well positioned to continue to drive the business forward. The year ahead in 2024 is now all about bringing the Empower Calgary facility on line and we look forward to delivering on our objectives for our shareholders."

Q3 2023 highlights:

• July, 2023 -- executed a binding credit agreement for $8.75-million in debt with Business Development Bank of Canada (BDC);
• July, 2023 -- announced a $10-million (U.S.) strategic investment from Allmine Paving, a subsidiary of Tamko Building Products LLC;
• July, 2023 -- entered into a contribution agreement with Emissions Reduction Alberta (ERA) for a government grant of $7,088,000;
• August, 2023 -- announced the 2023 annual general and special meeting (AGSM) results and subsequently appointed the Tamko nominee, Jeffrey Beyer, to the Northstar board of directors;
• September, 2023 -- completed site development work at the Empower Calgary facility;
• September, 2023 -- hosted a site opening event at the Empower Calgary facility, attended by government representatives, members of industry and Northstar executives.

Subsequent to Q3 2023:

• October, 2023 -- commenced detailed engineering design for the Empower Calgary facility alongside its engineering contractor BBA Engineering Ltd.;
• November, 2023 -- placed orders for three major pieces of equipment identified as long-lead items for the Empower Calgary facility, of which the total value was approximately $3.3-million (Canadian);
• November, 2023 -- announced private placement of up to $3.5-million in convertible debenture units.

The company will host a virtual investor webcast to discuss these financial results and to provide a business update to the investment community later today, Wednesday, Nov. 29, 2023, at 2 p.m. PDT (5 p.m. EDT). Details are provided below.

Topic:  Northstar Clean Technologies third quarter financial results webcast

Date:  Nov. 29, 2023

Time:  2 p.m. PDT (5 p.m. EDT)

Approximately two hours after the question-and-answer session has ended, an archived version of the webcast will be available.

About Northstar Clean Technologies Inc.

Northstar is a Canadian-based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already overcrowded landfills, and extracting the liquid asphalt for use in new hot mix asphalt, shingle manufacturing and asphalt flat roof systems, and aggregate and fibre for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at its first commercial-scale-up facility in Calgary, Alta. As an emerging innovator in sustainable processing, Northstar's mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America, extracting the recovered components from asphalt shingles that would otherwise be sent to landfill.