Mr Jesse Douglas reports

GREEN IMPACT PARTNERS COMMENCES COURT-SUPERVISED PROCESS TO FACILITATE REFINANCING AND STRATEGIC TRANSACTIONS

The Court of King's Bench of Alberta has issued an initial order under the Companies' Creditors Arrangement Act (Canada) in respect of Green Impact Partners Inc. and certain of its subsidiaries.

The initial order provides a stay of proceedings to allow GIP to continue operating its business while it works with its stakeholders to implement a restructuring solution intended to preserve enterprise value and maximize outcomes for stakeholders.

Ernst & Young Inc. has been appointed by the court as monitor to oversee the process.

The court-supervised process permits the company to:

• Remain in possession and control of its assets and operations;
• Continue paying employees and ordinary course operating expenses;
• Continue supplying customers and operating projects;
• Maintain relationships with key suppliers and counterparties;
• Develop a plan of compromise or arrangement with creditors.

The company intends to work co-operatively with the monitor, its lender and other stakeholders to evaluate alternatives, including a potential recapitalization and/or transaction process, as has been previously announced and is continuing. All staff and Green Impact's current directors, Alex, Ahmed and Jesse, will remain on, operations will continue in the ordinary course during this period, and the company does not anticipate interruption to continuing projects or customer service.

The initial order includes a stay of proceedings preventing creditors from enforcing remedies during the stay period while the transactions are being finalized.

About Green Impact Partners Inc.

Green Impact is forging a path toward a sustainable future by turning waste into energy. With a focus on renewable natural gas and bioenergy projects, its mission is to acquire, develop, construct and operate facilities that not only produce energy but also play an important role in waste reduction and lowering emissions. Its comprehensive approach spans the entire project life cycle, from idea generation through construction to continuing operations. In addition to its RNG and bioenergy projects, Green Impact maintains a current portfolio of water and solid treatment and recycling facilities in Canada, alongside a solid recycling business in the United States.

We seek Safe Harbor.