Mr. Jean-Francois Labbe reports

INITIAL ORDER FOR CREDITOR PROTECTION FILING UNDER THE CCAA

Ecolomondo Corp. has sought the issuance of an initial order from the Superior Court of Quebec (commercial division) to grant the company and its wholly owned subsidiaries, Ecolomondo Environmental (Hawkesbury) Inc., Ecolomondo Environmental (Contrecoeur) Inc., 9083-5018 Quebec Inc. and Ecolomondo Advanced Carbon Technologies Inc., protection under the Companies' Creditors Arrangement Act. This application is supported by the company's principal creditor, Export Developpement Canada. KPMG Inc. has been appointed pursuant to the initial order as monitor of Ecolomondo and its subsidiaries to assist the company and its subsidiaries with their restructuring efforts and to report to the court.

The initial order also provides for, among other things, a stay of all proceedings and all enforcement actions taken or that may be taken against the company, its subsidiaries and their respective property for an initial period of 10 days following the date of issuance of the initial order, and the establishment of temporary financing, necessary to carry out these CCAA proceedings, as well as the contemplated restructuring plan.

A copy of the initial order, along with additional information in respect of the CCAA proceedings, will be available shortly on the monitor's website. Readers are urged to consult the full text of the documents for further details. Further news releases will be provided during the CCAA proceedings as required by law and applicable securities regulations, or as determined necessary by the company or the court.

The company also announces that Mathieu Couillard, Michael Frankel, Frank Kelly, Veronique Laberge, Christian Paradis, Donald Prinsky and Elio Sorella have resigned from the company's board of directors, effective May 21, 2026, with Lynn Cote remaining as sole director. Donald Prinsky has resigned as chief financial officer of the company, effective May 21, 2026, and Jean-Francois Labbe remains as interim chief executive officer of the company.

About Ecolomondo Corp.

Ecolomondo, headquartered in Quebec, is a Canadian cleantech company focused on its proprietary thermal decomposition process technology, which recovers high-value commodities from scrap tire waste, including recovered carbon black, tire-derived oil, syngas, fibre and steel.

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