Cielo Provides Update on Purchase of Land in Dunmore - Seite 2

The Payment Shares, if approved and once issued, will be subject to a hold period of four months and one day from the date of issuance.

For additional information on the proposed transactions between Cielo and Renewable U, which remain subject to the approval of the Exchange, see Cielo’s news releases dated May 1^st, 2023 and May 17^th, 2023.

Correction Regarding Share Consolidation

On January 16, 2024, the Company had announced that it is proceeding with a share consolidation (the “Consolidation”) on the basis of one pre-Consolidation common share of Cielo for every fifteen post-Consolidation common shares of Cielo, which should read “…one post-Consolidation common share of Cielo for every fifteen pre-Consolidation common shares of Cielo”.

ABOUT CIELO

Cielo Waste Solutions Corp. is fueling renewable change with a mission to be a leader in the wood waste-to-fuels industry by using environmentally friendly, economically sustainable and market-ready technologies. Our process and technology do 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 waste that contribute to a cleaner fuel source and generating positive returns for our shareholders. The Company’s 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]

RB Milestone Group LLC
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.