Ms. Miriam Tuerk reports

CLEAR BLUE TECHNOLOGIES INTERNATIONAL ANNOUNCES CLOSING OF $1.1 MILLION PRIVATE PLACEMENT

Clear Blue Technologies International Inc. has closed the final tranche of its previously announced non-brokered private placement, raising aggregate gross proceeds of $1,096,700.

Pursuant to the closing of the final tranche of the offering, 21,934,000 units of the company were issued, with each unit comprising one common share and one common share purchase warrant at a price per unit of five cents, and each warrant exercisable for a period of 36 months at a strike price of six cents. The net proceeds from the offering are expected to be used for sales and business development, as well as working capital.

In connection with the offering, the company also paid aggregate finders' fees of $36,540 in cash and 730,800 finders' warrants to certain finders. Each finder's warrant will entitle the holder thereof to purchase one common share at a price of six cents for a period of 36 months from the grant date.

The closing of the offering remains subject to the company receiving all necessary regulatory approvals, including the approval of the TSX-V. The securities issued pursuant to the offering are subject to a hold period of four months and one day from the issuance date in accordance with applicable securities laws.

Certain insiders participated in the offering and the participation of such insiders is considered a related party transaction subject to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the transactions by insiders will not exceed 25 per cent of the company's market capitalization.

About Clear Blue Technologies International Inc.

Clear Blue Technologies provides smart off-grid power solutions and services for mission-critical infrastructure such as telecommunications, Internet of Things (IoT) and street lighting. The company's technology enables cost savings, predictive maintenance and reliable power in remote or challenging environments.