Mr. Jean-Francois Labbe reports

ECOLOMONDO REACHES AGREEMENT IN PRINCIPLE FOR FINANCING OF $2.7 MILLION

Ecolomondo Corp. has reached an agreement in principle for financing of $2.7-million with Export Development Canada to finance additional capital investments and working capital needed to achieve ramp-up of the company's Hawkesbury TDP facility.

Ecolomondo and EDC have been in negotiations for several months and recently agreed in principle to acceptable loan conditions to obtain funds to ensure that the Hawkesbury TDP facility has enough liquidity available to finance capital investments and working capital, projected to get to full ramp-up of operations.

Subject to final documentation, the commitment amount on the company's subsidiary Ecolomondo Environmental (Hawkesbury) Inc.'s existing $2-million loan, signed in January, 2025, will be increased by $2.7-million. In addition to the financing, EDC has agreed in principle to a temporary principal and interest holiday during the 2026 ramp-up period for loans signed in January, 2025, and July, 2024.

"We have been working steadily in Hawkesbury, hiring, training increasing production, increasing sales and, most of all, improving efficiency. This additional financing from EDC is greatly appreciated and should allow the Hawkesbury TDP facility to achieve its full potential," said Jean-Francois Labbe, interim chief executive officer of the company.

About Ecolomondo Corp.

Ecolomondo is a Canadian cleantech company that prides itself after its proprietary thermal decomposition technology, which is headquartered in Quebec, Canada. It has a 25-year history and, during this time, has been focused on its development of its technology and the deployment of TDP turnkey facilities. TDP recovers high-value reusable commodities from scrap tire waste, notably rCB, oil, syngas, fibre and steel. Ecolomondo expects to be a leading player in the cleantech space and be an active contributor to the global circular economy. Ecolomondo trades in Canada on the TSX Venture Exchange under the symbol and in the United States under the symbol ECLMF.

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