Cielo Provides Update on Corporate Matters

Core Viewpoint - Cielo Waste Solutions Corp. is undergoing strategic changes, including relocating its waste-to-fuel facility and shifting focus from renewable diesel to green hydrogen, while also addressing a dispute with Expander Energy Inc. [4][7][8] Corporate Update - A corporate update webinar is scheduled for April 17, 2025, to discuss strategic initiatives and future outlook [2][3] - The webinar will be led by CEO Ryan C. Jackson and CFO Jasdeep K. B. Dhaliwal [2] Corporate Strategy - Cielo plans to relocate its first commercial waste-to-fuel facility from Carseland, Alberta to British Columbia [4] - The company is transitioning its fuel production focus from renewable diesel to green hydrogen to align with market demand [4] - Cielo is exploring funding opportunities through the British Columbia Low Carbon Fuel Standard credit program [4] Project Development - Cielo is in advanced discussions with a technology provider for a project in British Columbia that will use scrap railway ties to produce green hydrogen [5] - The company has identified two additional projects for development in the United States [5] Environmental Commitment - Cielo aims to provide solutions for processing waste into useful products, including green hydrogen and renewable natural gas [6] - The company is committed to innovation and environmental sustainability for short-term success and long-term profitable growth [6] Dispute Resolution - Cielo has initiated a dispute resolution process with Expander Energy Inc. due to disagreements over various agreements [7] - On April 11, 2025, Cielo received termination notices from Expander regarding the License Agreement and Management Services Agreement [8] - The company is reviewing the termination notices and statements of claim from Expander to protect shareholder interests [8][9]