Earthworks Industries Inc. - CORTINA UPDATE

TSX-V: EWK

VANCOUVER, BC, Feb. 27, 2024 /CNW/ - Earthworks Industries Inc. (the "Company") hereby updates the status of its integrated waste handling project at the Cortina Rancheria in Colusa County, California. The project is being developed by the company's wholly owned U.S subsidiary, Cortina Integrated Waste Management Inc. (CIWM).

CIWM is currently awaiting a comprehensive report that the U.S Environmental Protection Agency (EPA), Region 9 is completing for tentative approval of the remaining site-specific flexibility requests (SSFRs) pursuant to the EPA's Draft Guidance for Municipal Waste Landfills in Indian Country.

In a previous news release dated August 16, 2023, the Company reported that it had received a letter from the EPA stating it was completing the review and that it would be issued by year end, 2023. The Company acknowledged the additional time required by EPA, due to the significance and scope of the review.

Shortly after the beginning of the New Year 2024, having not heard from EPA, CIWM reached out to EPA on the timing of the report to address critical path timeline planning concerns in order to keep the project moving forward. EPA has advised that the report will be issued prior to the end of March 2024.

Mr. David Atkinson commented, "We are pleased to hear that the report is in final preparation and have been preparing the Company from both a project planning and social media perspective. The Company has attracted significant interest from both institutional and public investors over the past year and we expect this interest to continue to grow as our project moves forward."

Forward Looking Statements:

The news release contains "forward-looking information" and "forward-looking statements" (collectively 'forward-looking statements") within the meaning of the applicable Canadian securities regulations. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objective assumptions, future events or performance  (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company or CIWM to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the "Risks and Uncertainties Statement" attached to this news release. Forward- looking statements contained herein are made as of the date of this news release. The Company will update these forward-looking statement and Risks and Uncertainties as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on the forward-looking statements.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.

SOURCE Earthworks Industries Inc.

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