Cielo Closes Strategic Asset Acquisition and Announces Intention to Appoint Chief Operating Officer and Chief Development Officer

About this update from Cielo Waste Solutions Corp.

Cielo Closes Strategic Asset Acquisition and Announces Intention to Appoint Chief Operating Officer and Chief Development Officer THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, April 16, 2026 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV: CMC; OTCQB: CWSFF) (“Cielo” or the “Company”) is pleased to announce that it has closed the previously announced acquisition (the “Acquisition”) of certain proprietary project development and evaluation assets from CDL Biofuels Ltd. (“CDL Biofuels”), a subsidiary of Canadian Discovery Ltd. (“CDL”), pursuant to an asset purchase agreement dated April 15, 2026 (the “APA”). Transaction Overview Pursuant to the APA, Cielo acquired from CDL Biofuels a suite of proprietary, non-public project development and evaluation assets, including databases, data sets, models, analytical tools, technical reviews, and related intellectual property relating to renewable fuels and low-carbon fuels production (the “Assets”). The Assets are expected to be integrated into the Company’s “Nexus Platform”, an internal project development and evaluation framework intended to support the assessment, design, and advancement of future clean fuels projects and development initiatives, with technology selection occurring at the project level based on commercial, technical, and execution considerations. Strategic Rationale Cielo believes the closing of the Acquisition represents a significant milestone in Cielo’s continued evolution into a disciplined, scalable clean fuels project development company. The Assets are expected to enhance the Company’s internal technical, economic modeling, and project evaluation capabilities and to support more efficient project screening and development through the Nexus Platform as the Company evaluates and advances future clean fuels opportunities, in addition to its previously announced “Project Nexus”. Consideration As consideration for the Assets, Cielo has issued to CDL Biofuels an aggregate 17,333,333 common shares of the Company (the “Consideration Shares”) at a deemed price of $0.15 per share, representing total consideration of $2.6 million (the &#...

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