Cielo Announces Executive Changes and Stock Option Grants

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Building for the Next Stage of Development

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Commercial clean fuels projects require expertise spanning project development, engineering, environmental stewardship, commercial planning and operations. As projects progress through successive stages of development, the breadth of leadership and technical experience required to support them also expands.

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The appointments announced today reflect Cielo’s continued commitment to building an experienced leadership team capable of supporting the advancement of Project Nahoonai while positioning the Company for future development opportunities.

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CFO Transition

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The Company also announced that Jasdeep K. B. Dhaliwal will be leaving her role as Chief Financial Officer effective September 1, 2026. The Company is focused on identifying a candidate to support its next stage of growth and will provide a further update when appropriate.

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The Company thanks Ms. Dhaliwal for her contributions and support and wishes her well in her future endeavours.

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Stock Option Grants

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The Company has granted an aggregate of 4,000,000 stock options to Mr. Pockar and Mr. Scorah under Cielo’s stock option plan, with each receiving 2,000,000 stock options. The options have an exercise price of $0.07 per common share, were granted effective July 24, 2026, and expire on July 24, 2029, subject to earlier termination in accordance with the Company’s stock option plan.

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Subject to the applicable grantee remaining employed or engaged by the Company or its applicable affiliate, 1,000,000 of each grantee’s options will vest on July 24, 2027, and the remaining 1,000,000 options will vest in equal quarterly installments of 250,000 options on each of October 24, 2027, January 24, 2028, April 24, 2028 and July 24, 2028.

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Warrant Incentive Program

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The early warrant exercise incentive program (the “Incentive Program”) previously disclosed has closed. No eligible warrants were exercised under the Incentive Program and, accordingly, no incentive warrants were issued.

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ABOUT CIELO

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Cielo Waste Solutions Corp. is a clean fuels project development company advancing sustainable aviation fuel and other low-carbon energy projects across North America. Through the Nexus Platform, Cielo combines strategic feedstock partnerships with proven third-party technologies to develop a scalable pipeline of waste-to-fuels projects, anchored by its flagship Project Nahoonai in Prince George, British Columbia.

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Cielo’s shares are listed on the TSX Venture Exchange under the symbol CMC and on the OTCQB under the symbol CWSFF.

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For further information, please contact:
Cielo Investor Relations
Ryan C. Jackson, President & CEO
Phone: (403) 348-2972
Email: [email protected]

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

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This news release may contain certain forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the anticipated roles, responsibilities, contributions and benefits of the appointments of Mr. Pockar and Mr. Scorah, the Company’s expectations regarding the advancement of Project Nahoonai and its broader clean fuels project development pipeline, the anticipated departure of Ms. Dhaliwal as Chief Financial Officer effective September 1, 2026, and the vesting and potential exercise of the stock options granted to Mr. Pockar and Mr. Scorah.

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Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors, many of which are beyond the control of Cielo, that may cause actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements, including risks relating to the advancement of Project Nahoonai and the Company’s clean fuels project development activities. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent events or otherwise.

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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