Clearford Water Systems Inc. announced that it has entered into an additional new loan agreements for $195,000. The proceeds of the financing will be used to fund working capital requirements for the Company. The loans bear interest rate 9.75% per annum and matures on December 23rd, 2031.

The new loan is valued at $195,000 and bears an interest rate of 9.75% payable semi-annually in May and November of each year. The Company provided a general security agreement over the assets of its subsidiary Clearford Koester Canada Inc. The funds have been fully advanced to the Company. As the Company previously announced, its Board of Directors has initiated a formal process to review potential strategic alternatives available to the Company.

This process is continuing and there is no additional new information currently available.