Cielo Waste Solutions Corp. updated on its Carseland, Alberta Bio-SynDiesel Project. Once completed, the Carseland Project represents Cielo's first commercial by-product-to-fuels facility designed to convert wood by-products into low carbon intensity renewable Bio-SynDiesel fuel.

The Carseland Project will be situated adjacent to an existing synthetic fuel facility owned and operated by Rocky Mountain Clean Fuels Inc. (RMCFI) which deploys patented technology developed by Expander Energy Inc. (Expander). The Bio-SynDiesel fuel produced at the Carseland Project will meet current specifications for RD100 Renewable Diesel fuel that is compatible with today's existing diesel engines. Cielo is proud to use Expander's patented Biomass to Liquids technology which uses wood and agricultural by-products or Municipal Solid Waste (MSW) and does not rely on food competitive feedstock.

Carseland Project Recent Progress & Milestones: The engineering and technical teams at Expander continue to make progress and expect to be in a position to submit a new permit application to Alberta Environment and Protected Areas in the coming weeks. Several existing critical commercial and business agreements underpin the progress that has been achieved to date. These agreements are noted below and were acquired under the terms of the acquisition transaction with Expander, completed and announced in November 2023.

Biomass Feedstock: Cielo has secured a long-term contract with an established local biomass supply company, ECCO Recycling & Energy Corporation. This contract provides Cielo with an ongoing and cost-effective supply of the requisite biomass feedstock for the Carseland Project. Site Location: As a core component of the Carseland Project, and as previously disclosed, Cielo has secured approval for a long-term lease on a parcel of land totaling 25 acres, situated immediately adjacent to the existing and operational RMCFI synthetic fuel facility in Carseland.

This enables Cielo to leverage existing infrastructure and operational capabilities to accelerate commercial production of Bio-SynDiesel fuel. Syngas Processing Agreement: The transaction with Expander allowed Cielo to secure a long-term syngas processing agreement with RMCFI. Through this agreement, Bio-Syngas produced at the Carseland Project will be converted into 8.2 million litres per year of renewable Bio-SynDiesel fuel at the existing, operational and adjacent synthetic fuel facility.

Cielo looks forward to providing continued updates as further progress is made and milestones are achieved.