Mr. Akshay Dubey reports

CVW SUSTAINABLE ROYALTIES ANNOUNCES FULL YEAR 2025 RESULTS

CVW Sustainable Royalties Inc. has released its operating and financial results for the year ended Dec. 31, 2025. For complete details, please refer to the fiscal year 2025 annual audited financial statements and associated management's discussion and analysis, available on SEDAR+ or on the company's website.

2025 highlights:

• Cash on hand as at Dec. 31, 2025, was $4.0-million. The company continues to deploy capital strategically, targeting initiatives that deliver value through the growth of its royalty portfolio and the advancement of its Creating Value From Waste (CVW) technology.
• The company recorded total revenue of $1.5-million for the year ended Dec. 31, 2025, resulting from the change in fair value of its royalty debenture with Northstar Clean Technologies Inc.
• Net loss for the year ended Dec. 31, 2025, was $1.2-million and the net loss per share was one cent (basic and diluted) for the same year.

Year-to-date 2026 highlights:

• The company successfully completed a $100.0-million financing, including a $50.0-million strategic investment from Fairfax Financial Holdings Ltd., significantly strengthening the company's balance sheet and positioning it to execute on larger-scale royalty opportunities.
• It closed a royalty transaction with Relocalize Inc. for total capital of up to $26.5-million, including $4.0-million of upfront capital and an option to invest an additional $22.5-million.

The company is pleased with the progress made by Northstar in 2025 and early 2026. Northstar successfully produced liquid asphalt at its Calgary facility that exceeded commercial specifications, achieved its first major operational milestone of processing over 80 tonnes of shingle feedstock per day and completed its first commercial sale of liquid asphalt to McAsphalt Industries under its offtake agreement. Northstar also received a non-binding letter of intent from Export Development Canada for potential project financing of up to four U.S. facilities, secured a non-binding agreement to lease its first U.S. commercial facility in Baltimore, Md., and closed a $10.0-million (U.S.) financing to support continued ramp-up in Calgary and future business development. Northstar is now focused on increasing production volumes as it progresses toward commercial operations in Calgary and continues to execute its expansion strategy.

Akshay Dubey, chief executive officer of CVW Royalties, stated: "Two thousand twenty-five was another year of meaningful progress for the business, highlighted by strong operational momentum at Northstar's Calgary facility, including first commercial production and sale of liquid asphalt. This progress brings us closer to generating value for our shareholders through our royalty agreement with Northstar."

Subsequent to Dec. 31, 2025, the company executed on several strategic priorities. On Feb. 3, 2026, the company entered into a royalty agreement with Relocalize for total capital of up to $26.5-million, which included $4.0-million of upfront capital and an option for an additional $22.5-million. On Feb. 4, 2026, the company announced a brokered private placement for up to $25.0-million, which was subsequently upsized on Feb. 24, 2026, for up to $100.0-million due to very strong investor demand, including a $50.0-million strategic investment from Fairfax. On March 2, 2026, the company closed the brokered portion of the offering and, on April 16, 2026, the company closed the transaction with Fairfax.

"Early 2026 has also been a period of significant growth for the business, with the addition of Relocalize as our second royalty partner. Commercial operations are now under way at their Florida facility as they enter a period of growth. The strategic investment from Fairfax and the upsized financing also provide us with the capital and partnership to accelerate the growth of our royalty platform. We remain focused on disciplined capital deployment and identifying additional high-quality royalty opportunities that create shareholder value," added Mr. Dubey.

About CVW Sustainable Royalties Inc.

CVW Sustainable Royalties invests in sustainability-focused technologies and operations providing returns linked to commodities and commodity-like products. CVW Sustainable Royalties is building a portfolio of royalty-based cash flow streams by partnering with clean technology innovators and operators in the commodity space. CVW Sustainable Royalties' current portfolio includes: its proprietary CVW technology, which is designed to recover bitumen, solvents, critical minerals and water from oil sands froth treatment tailings with significant environmental benefits; an interest in two future Northstar Clean Technologies facilities, which reprocess waste shingles to produce liquid asphalt, aggregate, fibre and limestone; and a royalty interest in Relocalize microfactories, which produce packaged ice and cold packs in a more sustainable manner.

CVW Sustainable Royalties trades on the TSX Venture Exchange under the symbol CVW, and is quoted on the OTCQX under the symbol CVWFF and on the Frankfurt Stock Exchange under the symbol TMD.

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