Mr. Aidan Mills reports

NORTHSTAR RECEIVES ERA APPROVAL FOR GRANT FUNDING MILESTONE FOLLOWING COMPLETION OF DETAILED ENGINEERING DESIGN

Northstar Clean Technologies Inc. has received the government of Alberta's Tier Fund approval through Emissions Reduction Alberta (ERA) for the company's formal submission related to the first milestone for the government grant, following the completion of detailed engineering design for its planned asphalt shingle reprocessing facility in Calgary, Alta. (the Empower Calgary facility). This is the first of four funding milestones for the Empower Calgary facility as part of the executed contribution agreement, previously announced by the company on July 31, 2023, of up to approximately $7.1-million.

The first milestone of the ERA grant required the company to meet the following requirements:

• Complete detailed design basis, process flow diagrams (PFD), piping and instrumentation diagrams (P&ID), and heat and material (H&M) balance;
• Detailed drawings, data sheets and specifications 75 per cent at issued for construction (IFC) or issued for procurement (IFP) stage;
• Detailed definition of required greenhouse gas measurement, monitoring and verifications (MMV) required to ensure they are included in detailed design;
• Technical transfer and commercialization plan to provide line of sight to path to commercialization and knowledge transfer;
• List of procurement packages; and
• Deposits placed on the critical project long-lead items.

As a result of ERA's approval, the payment for the first milestone has been submitted for processing and the company expects to receive payment from ERA in the near future.

Aidan Mills, president, chief executive officer and director of Northstar, stated: "Thanks to our partners, offtakers, vendors, our lead engineering contractor BBA Engineering and the Northstar team, we now have a fully designed facility, and have moved the project into the fabrication stage. Completion of detailed design was a significant milestone for the project and delivering the additional requirements of the greenhouse gas MMV, and the technical transfer and commercialization plan are important fundamental building blocks of the Northstar strategy.

"The independent approval by ERA on these important requirements is a tremendous vote of confidence by a world-class institution that is at the forefront of funding clean-technology solutions," continued Mr. Mills. "It is an exceptionally exciting time for our company as we move forward with our first commercial facility."

About Northstar Clean Technologies Inc.

Northstar Clean Technologies is a Canadian-based clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already-overcrowded landfills, and extracting the liquid asphalt for use in new hot-mix asphalt, shingle manufacturing and asphalt flat-roof systems, and aggregate and fibre for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale at its first commercial scale-up facility in Calgary, Alta. As an emerging innovator in sustainable processing, Northstar's mission is to be the leader in the recovery and reprocessing of asphalt shingles in North America, extracting the recovered components from asphalt shingles that would otherwise be sent to landfills.

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