EverGen Infrastructure Announces Issuance of Shares to the Company’s Board of Directors

EverGen Infrastructure Corp. (“EverGen” or the “Company”) (TSXV: EVGN) (OTCQX: EVGIF), announces that it has granted a total of 38,930 deferred share units (“DSUs”) and 187,860 stock options to certain members of the Board of Directors of the Company pursuant to the Company’s Equity Incentive Plan.

The grant of 38,930 DSUs represents remuneration for serving on the Board of Directors for the annual period ending December 31, 2023, and the grant of 187,860 stock options represents long-term incentive compensation.

Each stock option is exercisable into one common share of the Company at an exercise price of $2.44 per share for a period of seven years from the date of the grant and vest annually over a three-year period.

Additionally, EverGen announces that it has applied to the TSX Venture Exchange (the “Exchange”) to amend the term of 140,000 performance share units (the “PSUs”) and 92,649 stock options (the “Options”) issued to a consultant to the Company (the “Application”). The Application has been approved and the Exchange has confirmed that shareholder approval of the proposed amendments is not required. The Company has amended the terms of the PSUs and the Options by reducing the expiry date of such PSUs and Options from indefinite to September 22, 2026, and from June 23, 2030, to September 22, 2026, respectively. All other terms of the PSUs and Options remain the same.

Find the latest Corporate Presentation in the Investor Center: https://www.evergeninfra.com/investor-center

About EverGen Infrastructure Corp.

EverGen, Canada’s Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns, and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond.

For more information about EverGen Infrastructure Corp. and our projects, please visit www.evergeninfra.com.

Forward-Looking Information

This news release contains certain forward-looking statements and/or forward-looking information (collectively, “forward looking statements”) within the meaning of applicable securities laws. When used in this release, such words as “would”, “will”, “anticipates”, “believes“, ”explores“, ”expects“ and similar expressions, as they relate to EverGen, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of EverGen with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause EverGen’s actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits EverGen will derive therefrom, and accordingly, readers are cautioned not to put undue reliance on the forward-looking statements contained in this press release.