Cielo Provides Update on its British Columbia SAF Project, Now Named Project Nahoonai, and Announces Early Warrant Exercise Incentive Program

About this update from Cielo Waste Solutions Corp.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, May 28, 2026 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV: CMC; OTCQB: CWSFF) (“Cielo” or the “Company”) is pleased to provide an update on its flagship sustainable aviation fuel (“SAF”) project located in British Columbia, which has been renamed Project Nahoonai, and to confirm the integration of carbon capture and storage (“CCS”) into the project design to deliver a SAF product with what the Company expects to be the lowest carbon intensity profile of any commercial-scale SAF project currently advancing in North America. The Company is also pleased to announce that, subject to approval of the TSX Venture Exchange (the “Exchange”), it intends to implement an early warrant exercise incentive program (the “Incentive Program”) to encourage the exercise of certain outstanding common share purchase warrants by offering participating holders one additional common share purchase warrant for each eligible warrant exercised during the incentive period.. Project Name Change The Company’s British Columbia SAF project, previously referred to as Project Nexus, has been renamed Project Nahoonai. The name is a Dakelh word selected in consultation with, and approved by, the Lheidli T’enneh First Nation, on whose traditional territory the project is being developed. Cielo acknowledges and thanks the Lheidli T’enneh First Nation for permitting the use of a Dakelh name for this project. Cielo’s CEO, Ryan C. Jackson, stated “Naming this project Nahoonai is more than a branding exercise; it is a recognition that this project is being built in partnership with the Lheidli T’enneh First Nation, on their territory, and with their support. We are grateful for the Nation’s openness to a Dakelh name, and we look forward to continuing to build the relationship as the project moves forward.” Evan Salter, CEO of Tano T’enneh Enterprises, the economic and business development arm of the Lheidli T'enneh First Nation, added “Carrying a Dakelh name reflects what this project is meant to be, a development rooted in Lheidli T’enneh territory and shaped by the Nation’s participation from the ground up. Project Nahoonai demonstrates what Indigenous-led clean energy development can look like when partnership, ownership, and stewardship are a...

View stock analysis, news, and events for Cielo Waste Solutions Corp.