Subject: Greenbriar Sustainable Living Inc. - News Release (December 23, 2024)
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File: Attachment GRB December 23, 2024.pdf
Greenbriar Sustainable Living Inc.
Greenbriar Capital Holdco Inc.
Greenbriar Capital (US) LLC
632 Foster Avenue, Coquitlam,
British Columbia, Canada V3J 2L7
Phone: 949.903.5906 Fax: 604.608.9572
greenbriarliving.com
NEWS RELEASE
Puerto Rico Energy Bureau accepts dismissal of the Greenbriar PREPA case
and retains jurisdiction for enforcement of the settlement agreement
.
December 23, 2024 Trading Symbol:
TSX Venture Exchange: GRB
US OTC Market: GEBRF
Scottsdale, Arizona, December 23, 2024 - Greenbriar Sustainable Living Inc. (TSXV: GRB) (OTC:
GEBRF) ("Greenbriar" or the "Company") is pleased to announce that both PREPA and Greenbriar filed a
Joint Motion to Submit Settlement Agreement to the Puerto Rico Energy Bureau (PREB). In the motion, the
Parties submitted the Settlement Agreement between PREPA and PBJL (Greenbriar) requesting that
judgment be entered pursuant to the Settlement Agreement, and that the above-mentioned case be closed
with prejudice and for the Energy Bureau to retain jurisdiction for the enforcement of the settlement
agreement. On December 19, 2024 PREB accepted the voluntary dismissal and ORDERS the closing of this
case, with prejudice.
Of special note is the fact the PREB will enforce the settlement agreement.
The Company is thrilled that the Puerto Rico Energy Bureau will enforce our Settlement Agreement and
any amendments requiring commercial adjustments reside within the discretion of Cliff Webb and Luis
Baco to file from time to time the modifications as required.
As previously disclosed, Luis Baco, our legal counsel in both Puerto Rico and Washington DC, has served
for many years as the Chief of Staff to the incoming new Governor of Puerto Rico. We expect a successful
closing.
About Greenbriar Sustainable Living:
Greenbriar is a developer of sustainable real estate and renewable energy. With long-term, high impact
projects and led by a successful industry-recognized operating and development team, Greenbriar targets
deep valued sustainable assets directed at accretive shareholder value.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
Chief Executive Officer and Director
"Greenbriar Sustainable Living Inc. was recognized as a TSX Venture 50trademark company in 2014 and 2023.
TSX Venture 50 is a trademark of TSX Inc. and is used under license."
TSX Venture Exchange Symbol: GRB | US OTC Symbol: GEBRF
Ph.: +1 (949) 903-5906
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX
Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities laws
and United States securities laws (together, "forward-looking statements"). All statements included in this news release, other than
statements of historical fact, are forward-looking statements including, without limitation, statements relating to the Amended MD&As and
the 2024 Annual Financial Statements, including the anticipated adjustments to be reflected in the 2024 Annual Financial Statements and
the expected filing thereof. Forward-looking statements include predictions, projections and forecasts and are often, but not always,
identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget", "propose" and
"intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions
and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based
on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive
uncertainties, risks and contingencies. These include assumptions regarding, among other things: market prices, continued availability of
capital financing and general economic, market or business conditions. Market conditions could alter the projects of Greenbriar and such
potential events like bad credit markets, worldwide economic depression, unforeseen regulatory hurdles or acts of God, could inhibit or
prevent some or all of the Greenbriar projects from materializing or completing. There can be no assurance that forward-looking statements
will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. For more
information on the Company and important factors that could cause actual results to differ materially from the Company's expectations,
investors should review the Company's continuous disclosure filings that are available on SEDAR+ at www.sedarplus.ca. Forward-looking
statements contained herein are made as of the date hereof. No obligation is undertaken to update publicly or otherwise revise any forward-
looking statements or the foregoing lists of factors and assumptions, whether as a result of new information, future events or results or
otherwise, except as required by law.
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"Greenbriar Sustainable Living Inc. was recognized as a TSX Venture 50trademark company in 2014 and 2023.
TSX Venture 50 is a trademark of TSX Inc. and is used under license."
TSX Venture Exchange Symbol: GRB | US OTC Symbol: GEBRF
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