Mr. Ford Nicholson reports

EVERGEN INFRASTRUCTURE ANNOUNCES CEO TRANSITION, NAMES FORD NICHOLSON AS INTERIM EXECUTIVE CHAIR AND MISCHA ZAJTMANN AS INTERIM CEO

Evergen Infrastructure Corp. has appointed Ford Nicholson as interim executive chair and Mischa Zajtmann as interim chief executive officer and a director of the company. Chase Edgelow, who co-founded the company and has led Evergen from inception as chief executive officer and a member of the board of directors of the company, will step down from his management and board roles to pursue other opportunities effective Sept. 22, 2023. Mr. Edgelow will stay on as a strategic adviser to the company providing organizational support and continuity.

Mr. Nicholson, current chair of the board and co-founder of Evergen as a leading platform to acquire and aggregate operating and development assets in the renewable natural gas (RNG) space, has extensive experience in building and monetizing public energy companies. He is the former deputy chairman of InterOil Corp., a fully integrated company developing liquefied natural gas (LNG) for Asian markets formerly listed on the New York Stock Exchange before its sale to ExxonMobil. He has also co-founded and served on the board of numerous other energy companies and is an active and respected global player in the private equity space.

Mr. Nicholson is stepping up from his current chair role, to dedicate his attention and focus to several near-term opportunities where Evergen is seeking to unlock value through accretive growth while Mr. Zajtmann will focus on execution of a set of near-term milestones, such as completing the RNG expansion at Fraser Valley biogas and advancing the company's core projects.

Mr. Zajtmann, who also serves as president of the company, brings extensive public company leadership experience and an integrated legal, financial and strategic skill set with a focus on project delivery and operational discipline. His appointment will ensure a smooth transition and operational continuity while the executive chair and board engage in activating their strategy to unlock value for the company.

The board has also promoted Jamie Betts to the role of chief operating officer of the company effective immediately. Mr. Betts brings over 35 years of experience with multinational energy and waste management companies and previously served as the vice-president of operations and has been instrumental in advancing the Fraser Valley biogas RNG expansion project as well as instilling a culture of operational excellence and safety across all of the company's facilities.

"I am proud of the platform we have built here at Evergen as we have expanded our core asset base across Canada with a strong foundation for growth and value accretion," said Mr. Nicholson. "As we move to our next phase in our evolution, we are well positioned to deliver milestones and add to our foundational base. We are at a critical juncture and are poised to create long-term value for all our stakeholders. The anticipated completion of our Fraser Valley biogas expansion in the fourth quarter of 2023 will represent a huge achievement which our team is fully committed to delivering on budget."

"On behalf of the board of directors and the team at Evergen, I would like to thank Chase Edgelow for his leadership, vision and dedication in building Evergen," said Mr. Nicholson. "We wish him the very best going forward."

About Evergen Infrastructure Corp.

Evergen, Canada's renewable natural gas infrastructure platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, Evergen is an established independent renewable energy producer which acquires, develops, builds, owns and operates a portfolio of renewable natural gas, waste to energy and related infrastructure projects. Evergen is focused on Canada, with continued growth expected across other regions in North America and beyond.

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