Mr. Jeff Ciachurski reports

GREENBRIAR PROVIDES UPDATE WITH RESPECT TO DEBT SETTLEMENT WITH CAPTIVA VERDE WELLNESS CORP.

Further to Greenbriar Sustainable Living Inc.'s news release of Aug. 30, 2024, the company is proceeding with its previously announced debt settlement agreement with Captiva Verde Wellness Corp.

Pursuant to the debt settlement, Greenbriar is settling $1-million of debt owed by Greenbriar to Captiva by issuing Captiva 2,197,802 common shares of Greenbriar at a deemed price of 45.5 cents per common share.

Details of the indebtedness

Pursuant to an agreement entered into during the year ended Dec. 31, 2023, Greenbriar's wholly owned subsidiary, Greenbriar Capital (U.S.) LLC (Greenbriar USA), is required to pay Captiva $5,591,588 in 48 equal instalments of $116,491 beginning July 1, 2024, and ending on June 1, 2028 (as disclosed in Note 16 of Greenbriar's condensed consolidated interim financial statements for the three and six months ended June 30, 2024, and 2024). Greenbriar assumed $1-million of this debt from Greenbriar USA.

The debt settlement represents a non-arm's-length transaction as the chief executive officer of the company, Jeffrey Ciachurski, is also the chief executive officer of Captiva, the chief financial officer of the company, Anthony Balic is also the chief financial officer of Captiva, and Michael Boyd, a director of the company, is also a director of Captiva.

The completion of the debt settlement remains subject to acceptance by the TSX Venture Exchange.

All securities issued pursuant to the debt settlement will be issued pursuant to a prospectus exemption and are subject to a four-month-and-one-day hold period from the date of issuance.

About Greenbriar Sustainable Living Inc.

Greenbriar is a leading 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 assets directed at accretive shareholder value.

We seek Safe Harbor.