Prospera Energy Inc. provided an update on progress made on the Pilot Project for Partial Upgrading of Bitumen, in collaboration with Aduro Clean Technologies Inc. (?Aduro?). Restructured Prospera continues to increase its asset value by executing its development program to capture the significant remaining reserves. While, engaging in innovative ESG methods to diversify product mix and to improve profit margin, such as Aduro collaboration.

In parallel to PEI development program execution, Aduro and Prospera are proceeding with Phase 1 of the Aduro experience, with completion targeted for December 2023. This five-month initiative centers on the testing and evaluation of Hydrochemolytic Bitumen Upgrading (HBU) technology, applied to Prospera's specific 6 barrels of low API crude oil obtained from its heavy oil reserves. On September 12, 2022, Prospera and Aduro signed a Letter of Intent (LOI) for a three-phase project to investigate, develop, and pilot the partial upgrading of bitumen using Aduro's Hydrochemolytic?

Bitumen Upgrading (HBU) technology. Phase 1 involves lab and continuous flow work with Prospera's bitumen and Aduro's HBU technology. Phase 2 covers preliminary engineering, site identification, permits, budgeting, and construction agreement.

Phase 3 includes procurement, fabrication, construction, commissioning, and operation of a 50 bbl./day pilot plant. Aduro plans to commission the pilot-scale continuous flow reactor in Third Quarter 2023, advancing Phase 1 of the collaboration. During this collaboration, Aduro will carry out a series of experimental designs using their laboratory facilities, including the continuous flow Bitumen Reactor known as ?R2 Bitumen,?

and a Flash Drum. The purpose of these experiments is to explore the application of HBU technology to various feedstocks provided by Prospera. The experiments will conclude with Aduro delivering a comprehensive report, detailing the improvements in the quality of the oil samples, the final proportions of the samples tested, and the specific flow parameters that led to these quality enhancements.

These insights are intended to pave the way for future advancements in bitumen upgrading technology, a vital aspect of the petroleum industry. As Phase 1 concludes, a comprehensive summary of results and expert recommendations will provide a solid foundation for subsequent phases, setting the stage for further progress and success.