Cielo Confirms Key Equipment Order and Environmental Permit Application, Advancing the Company’s Carseland Bio-SynDiesel Project Towards Commercialization and Shares for Debt Transaction - Seite 2

“We are very pleased to announce these key milestones as Cielo continues the advancement of our Carseland Project with the order of this Gasifier and the submission of the environmental permit application,” said Ryan Jackson, Cielo’s CEO.

Shares for Debt

Furthermore, Cielo has agreed to settle approximately $25,184 (the “Debt Amount”) in debt by way of share issuance (the “Shares for Debt Transaction”), subject to the approval of the TSX Venture Exchange (the “Exchange”).

As full and final repayment of the Debt Amount, the Company has agreed to issue 75,577 (subject to rounding) common shares (the “Repayment Shares”) at a price of $0.32 per share. The Shares for Debt Transaction is subject to the approval of the Exchange. Upon approval and issuance, the Repayment Shares will be subject to a hold period of 4 months.

Cielo looks forward to providing continued updates as further progress is made and milestones are achieved.

ABOUT CIELO

Cielo Waste Solutions Corp. is fueling renewable change with a mission to be a leader in the wood by-product-to-fuels industry by using environmentally friendly, economically sustainable and market-ready technologies. The process and technology does not use food as feedstock as we are proudly advancing our non-food derived model based on our exclusive licence in Canada for patented Enhanced Biomass to Liquids (EBTL) and Biomass Gas to Liquids (BGTL) technologies and related intellectual property, along with an exclusive licence in the US for creosote and treated wood waste, including abundant railway tie feedstock. We have assembled a diverse portfolio of projects across geographic regions and secured the ability to leverage the expertise of proven industry leaders. Cielo is committed to the goal of producing renewable fuels from wood by-products that contribute to a cleaner fuel source and generating positive returns for our shareholders. Cielo shares are listed on the TSX Venture Exchange (“TSXV”) under the symbol “CMC,” as well as on the OTC Markets under the symbol “CWSFF.”

For further information please contact:

Cielo Investor Relations

Ryan Jackson, CEO
Phone: [phone]
Email: [e-mail]

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.