Cielo Announces Corporate Change and Provides Operational Update - Seite 4

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.

Forward-looking statements are subject to both known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Cielo is making forward-looking statements with respect to, and not limited to: changes to its management team and board of directors, current and future; the filing of amended and restated Proxy Materials and the information therein; the implementation of improved health and safety policies and procedures; the desulfurization process, including the timing for warm-up and start-up; continued operation of the desulfurization unit and the lack of need of continual operation; design enhancement and system modifications at the Company's facility in Aldersyde, Alberta, and the Company's ability to make future updates related thereto; the design of a scaled-down version of a complete process system and the anticipated timing for fabrication and construction, as well as location thereof and the purposes and anticipated results and implications thereof; the Company's engineering team, the changes thereto and the anticipated implications thereof; the ability to attract additional professionals as a result of the Calgary office; the filing of the financial statements and management's discussion and analysis for the three-months ended July 31, 2021; and the webinar to be held thereafter. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.