Mr. Don Allan reports

CIELO ANNOUNCES U.S. LISTING ON THE OTCQB VENTURE MARKET UNDER SYMBOL CEIWF & PROVIDES OPERATIONAL UPDATE

Cielo Waste Solutions Corp. has been approved to trade on the OTCQB Venture Market. The company will trade on the OTCQB under symbol CEIWF and the company's common shares will continue to trade on the Canadian Securities Exchange under the symbol CMC.

"We anticipate that, in addition to our CSE listing, trading on the OTCQB will raise our visibility within the U.S. investment community and will help us to broaden our shareholder base by facilitating easier access for U.S. investors to acquire shares in Cielo," said Don Allan, president and chief executive officer. The company is in the process of changing its trading symbol and obtaining DTC eligibility, which is expected to occur in the near future.

The OTCQB is recognized as an established public market by the United States Securities and Exchange Commission and is a leading market for United States and international companies in the entrepreneurial and development stage. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. As a verified market with efficient access for United States investors, OTCQB helps companies build shareholder value, with a goal of enhancing liquidity and achieving a fair valuation.

OTC Markets Group is an American financial market, providing price and liquidity information for roughly 10,000 over-the-counter securities. The group has its headquarters in New York. OTC-traded securities are organized into three markets to inform investors of opportunities and risks: OTCQX, OTCQB and Pink. Cielo has now been approved to initially trade on the OTCQB. This is a significant milestone for the company, which it believes should provide current shareholders and prospective investors with greater access and liquidity.

Operational update

On Nov. 28, Cielo announced that it had entered into a supply of services agreement with Canadian Pacific. The agreement entitles Cielo to receive scrap railway ties from CP to use as feedstock in the production of high-grade renewable fuels in one of its future follow-on waste-to-energy green refineries. Over the past approximately 18 months, Cielo has worked with CP to obtain a number of scrap railway ties for due diligence testing and has consistently achieved positive preliminary results.

Since the grand opening of Cielo's refinery in Aldersyde, Alta., the company has made multiple design changes to enhance its operations.

Highlights:

• The instrumentation and software were upgraded to allow for the increased volumes of fuels, resulting from these process improvements.
• The Aldersyde refinery was brought back on line, the newly added grinding equipment was installed, a smaller particle-sized wood waste was produced and the production of distillate increased over twofold, which created a bottleneck in the waste recovery process.
• The electric heat currently in place on the reactor has proven to provide much more control over the chemical reactions and Cielo is now able to produce a much higher-quality distillate.
• By making several modifications to Cielo's process, the company believes the company is able to capture more hydrocarbons and recover more of its proprietary catalyst than previously, which significantly improves feedstock to renewable fuel conversion ratios.
• With an increase in production volumes, Cielo's team has had to find a resolution to a bottleneck in its refining process that occurred, which it has done with the assistance of outside third parties, revising the throughput process design and engaging contractors to fabricate the required new pieces of equipment.
• One of the significant improvements that was also made during this time was the sterilization of the used motor oil that is used as a carrier fluid for blending with the feedstock and catalyst. This improvement has significantly lowered Cielo's carbon intensity number, which makes Cielo's renewable fuels greener and in turn is expected to provide Cielo with even more greenhouse gas (GHG) carbon credits.
• Cielo has been working very hard on the desulphurization process and believes it has made significant advancements. While having hoped to have this completed by now, management believes that it is critical to achieve this aspect of the process precisely and correctly. Allowing the external third parties Cielo has engaged the time to fine-tune their process to meet Cielo's projected production numbers, while keeping the capital expenditure and operational costs in line, it is anticipated to be worth the delay. Cielo has been working on a daily basis with the providers and anticipates being in a position to announce definitive results in the near future.
• Cielo announced on Nov. 18, 2019, that it had received notice from Alberta Environment and Parks (AEP) that the requested improvements to the Aldersyde refinery were approved. The company is still waiting for permission from AEP to process polyethylene terephthalate (PET) plastics and clam shell plastics as a feedstock in its waste to high-grade renewable fuel refinery, which the company is hoping will come shortly.
• Don Allan, president and chief executive officer of Cielo, participated as a speaker at the Energy Disrupters Conference in Calgary, Alta., and the Zero Waste Conference in Newark, N.J. Mr. Allan discussed how Cielo has a game-changing technology in the fastest-growing industry in the world and how the company can improve the worlds waste and greenhouse gas issues.

Mr. Allan stated: "We understand that the delays in getting the Aldersyde refinery operating on a continuous flow basis has been frustrating for our stakeholders, however, during this time, we have made significant design changes that we are confident will result in even greater results than we'd originally believed were achievable. In addition, we are in the process of finalizing the site selection for our joint venture refineries with Renewable U Energy and Seymour Capital. Having the six-year services supply agreement now in place with CP has spurred on other feedstock suppliers into accelerating their discussions with Cielo. We are also focused on increasing our shareholder base and providing additional liquidity for current and prospective investors. We believe Cielo's dual listing in the United States should assist in this regard. These are very exciting times for Cielo as we move ever closer to revenue and advancing the building of our first five joint venture refineries moving forward."

About Cielo Waste Solutions Corp.

Cielo Waste is a publicly traded company with its shares listed to trade on the Canadian Securities Exchange. Cielo is a waste to renewable energy company with a game-changing technology engineered to help solve the world's garbage crisis. Cielo's technology transforms landfill garbage into renewable high-grade diesel, kerosene (aviation jet fuel) and naphtha fuels. Cielo's proven and patent-pending technology is currently being deployed in the company's Aldersyde, Alta., green refinery where wood waste is currently being converted into renewable fuels.

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