Cielo Announces Change of Management, Engagement of Echelon Wealth Partners, and Provides Production Update

VANCOUVER, BC / ACCESSWIRE / June 13, 2022 / Cielo Waste Solutions Corp. (TSXV:CMC)(OTCQB:CWSFF) ("Cielo" or the "Company"), a waste-to-fuel environmental technology company, today announced the resignations of Mr. Gregg Gegunde as Chief Executive Officer and Operating Officer and Mr. Chris Sabat as Chief Legal Officer and Corporate Secretary. Ms. Anna Cheong, who was acting as interim Chief Financial Officer, has returned to her position as Controller. The Board has appointed Mr. Ryan Jackson as interim Chief Executive Officer and Ms. Jasdeep K. Dhaliwal, a Chartered Professional Accountant, as interim Chief Financial Officer.

On behalf of the Board of Directors (the "Board") of the Company, Mr. Larry Schafran, Board Chair, stated: "We thank Gregg and Chris for their dedication since Q3 of 2021 in strengthening Cielo's engineering and corporate governance foundations. Their leadership and contributions have been transformational for Cielo in working towards its vision of aspiring to lead the waste-to-fuels industry using environmentally friendly, economically sustainable technology. The Board also expresses its appreciation to Ms. Cheong for her ongoing commitment to the organization."

Ryan Jackson, a seasoned business executive with over 30 years of experience and a member of the Institute of Certified Management Consultants of Alberta, has been a director of Cielo since May of 2021. Mr. Jackson goes on to say: "The strong foundation that has been built by Gregg and Chris has positioned Cielo for success well into the future. I am excited to continue to lead the execution of the strategy with the extremely strong team that Gregg has built during his time with the Company."

Ms. Jasdeep K. Dhaliwal has extensive experience in risk management, financial reporting process and internal controls and has been a director of Cielo since April 2021 and formerly the Audit Committee Chair. Together both Ms. Dhaliwal and Mr. Jackson bring a deep knowledge of building businesses and capital markets experience as well as the strategic leadership skills required for the next stage of the Company's development. The Audit Committee has also appointed director Ms. Sheila Leggett to replace Ms. Dhaliwal as Audit Committee Chair.