Mr. Aidan Mills reports

NORTHSTAR RECEIVES FIRST DELIVERY OF ASPHALT SHINGLES FROM IKO INDUSTRIES AT EMPOWER CALGARY FACILITY

Northstar Clean Technologies Inc. has received the first delivery of manufacturing waste shingles to its planned asphalt shingle reprocessing facility in Calgary, Alta. (the Empower Calgary facility), as part of the five-year supply agreement with Iko Industries Ltd., Canada's leading asphalt shingle manufacturer. The Iko agreement was previously announced by the company on Jan. 8, 2024.

The company will be paid a tipping fee by Iko on a per-tonne basis for the waste shingles, thus representing the company's first revenue from the Empower Calgary facility.

This first delivery from Iko is part of Northstar's broader 2024 shingle collection plan. Northstar will continue to work with other shingle supply partners to collect sufficient volume for the commissioning of the Empower Calgary facility.

Aidan Mills, president, chief executive officer and director of Northstar, stated: "This feedstock delivery, the first of the year and the first of the five-year agreement with Iko, is significant because it represents the first revenue for our Empower Calgary facility. We expect to continue receiving shingles from Iko and other Calgary area shingle supply sources as we gradually build up inventory for commissioning and future processing for the Empower Calgary facility."

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.

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