Ecolomondo Corporation announces that Alain Denis resigned from the Board of Directors and will be replaced by Mathieu Couillard. Mr. Alain Denis joined the Company as Director in October 2017, lately he was a member of the Compensation Committee and Chair of the Audit Committee. It is with regret that the Company must accept his resignation from the Board, motivated by personal and professional reasons.

The Board of Directors decided to fill the vacancy immediately with Mr. Mathieu Couillard, as allowed by its by-laws, and subject to final approval by the authorities. Mr. Couillard is a financial consultant, advising management and board of directors on capital market matters. Mr. Couillard served as Managing Director of investment banking at Haywood Securities in Toronto, leading the Special Situations team from 2016 to 2022.

Mr. Couillard is an experienced investment banker with extensive experience in capital markets. He participated in over $1 Billion in capital raises for private and public companies and is the architect of numerous mergers and acquisitions. Prior to joining Haywood Securities.

Mr. Couillard was part of the Risk Management Solutions group specializing in the sales and structuring of derivative products at National Bank of Canada in Toronto. From 2006 to 2014, Mr. Couillard was part of National Bank's investment banking group in Montreal. Mr. Couillard is a Fellow of the Society of Actuaries.