Cielo Provides Update on Corporate Matters – Focus on Green Hydrogen

Cielo Provides Update on Corporate Matters – Focus on Green Hydrogen

CALGARY, Alberta, April 14, 2025 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV: CMC; OTC PINK: CWSFF) (“Cielo” or the “Company”) today provides an update on certain business and corporate matters.

Corporate Update Webinar

Cielo is pleased to announce that the corporate update webinar (the “Webinar”) with CEO Ryan C. Jackson and CFO Jasdeep K. B. Dhaliwal, as previously announced on April 1, 2025, and re-scheduled on April 9, 2025, will now take place on April 17, 2025. The Webinar will provide Cielo’s shareholders and stakeholders with updates on the Company’s strategic initiatives and future outlook.

Webinar Details

Date: Thursday, April 17, 2025
Time: 2:00PM Mountain Standard Time
Registration Link: Cielo Webinar (Posted on the Cielo Website under News and Media)

Duration: 1 Hour

A recording of the Webinar will be made available on Cielo’s website following the event.

Corporate Strategy

As previously announced on April 1, 2025, Cielo intends to relocate its first planned commercial waste-to-fuel facility for the processing of scrap railway ties from Carseland, Alberta to British Columbia, and transition fuel to be produced from renewable diesel to green hydrogen. This strategic pivot allows Cielo to explore funding opportunities through the British Columbia Low Carbon Fuel Standard (BCLCFS) credit program as well as revises the Company’s approach as the demand for renewable fuels changes to better meet market demand.

Cielo continues to be engaged in advanced discussions with a technology provider on a project in British Columbia that will utilize scrap railway ties as feedstock to produce green hydrogen for use in the British Columbia market and is pleased to announce that it has also identified two proposed additional projects for development in the United States.

Cielo is excited to continue executing its broader strategy of providing solutions that address processing waste into useful products, including in green hydrogen, renewable natural gas and other low-carbon initiatives. Cielo continues to explore other projects and funding partners to drive its commitment to innovation and environmental sustainability and achieve success in the short-term and sustainable profitable growth in the long-term. Further updates will be provided in the Webinar.

Dispute Resolution

As previously announced on April 1, 2025, as a result of recent disagreements between Cielo and Expander Energy Inc. (“Expander”) on various matters, the Company notified Expander of the Company’s intentions to initiate a dispute resolution process in accordance with a licence agreement (“License Agreement”) between the Company and Expander. Cielo had previously received notices of breach from Expander with regard to the License Agreement as well as an asset purchase agreement and a management services agreement (“Management Services Agreement”), each between the Company and Expander, which notices had, among other things, announced Expander’s intentions to terminate the License Agreement.

On April 11, 2025, Cielo received termination notices (“Termination Notices”) from Expander terminating both the License Agreement and the Management Services Agreement, effective immediately. Concurrently, Cielo also received statements of claim (“Statements of Claim”) from Expander in connection with the License Agreement, the Management Services Agreement and a supply and services agreement between the Company and Expander. Cielo is in the process of reviewing the contents of the Termination Notices and the Statements of Claim and is working diligently with legal and other professional advisors with respect to same to ensure the interests of shareholders are protected.

Cielo will continue to provide material updates as they become available. As previously announced on April 9, 2025, Cielo has retained Norton Rose Fulbright Canada LLP as legal advisor.

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