Mr. Jeff Ciachurski reports

GREENBRIAR HAS AN ARRANGEMENT TO SATISFY WATER RIGHTS AND WATER DEMAND

Greenbriar Sustainable Living Inc. has reached an agreement in securing all of the water rights needed for its 995-home Sage Ranch development in Tehachapi, Calif. This update highlights Greenbriar's advancements in moving to the final steps of filing the revised WSA (water supply assessment) and EIR (environmental impact report). The company has the support from senior staff of the City of Tehachapi to reapprove this project regardless of any other actions. Its legal counsel believes and has advised the company of its opinion of between 3.5 to 5.5 months to break ground.

Significant step in water usage

Greenbriar is pleased to announce that the city has agreed to allow turf that eliminates about 70 net acre-feet of demand by replacing the entire parks, soccer fields, landscaping and common areas with artificial turf. Since the company has secured 188 net acre-feet (282 base acre-feet) of adjudicated water rights in the Tehachapi basin, either through direct ownership or binding option agreements, the remaining 109 net acre-feet (164 base acre-feet) needed, is now reduced to 39 net acre-feet needed and the city has agreed to provide Sage Ranch the remaining 39 net acre-feet needed from their surplus adjudicated deeded water rights. The revised water now needed is 227 net acre-feet total required for the company's WSA. The company plans to complete these milestones in 3.5 to 5.5 months to break ground. From a 2024 court filing using excerpts from the Tehachapi Cummings County Water District, the Tehachapi basin has a robust surplus, including over 2,400 adjudicated acre-feet of unused water annually from an 8,020 base acre-feet allocation and a court filed 23,000-plus acre-feet of state surplus water, ensuring ample supply to support the local community. The adjudicated Tehachapi basin contains 370,000 acre-feet.

Greenbriar views this as a very positive step toward.

A sustainable future for Sage Ranch and Tehachapi

Greenbriar's progress in securing water rights reflects the company's unwavering commitment to delivering Sage Ranch as a beacon of sustainable living. With strong committed financing from Voya, a path to meeting water needs and collaborative partnerships, Greenbriar is poised to create a vibrant community that enhances Tehachapi's economic and environmental landscape. The company in its opinion believes an anticipated softening of water prices postacquisition will further support sustainable development in the region, creating opportunities for all stakeholders. Greenbriar extends its gratitude to its shareholders, water rights holders and the City of Tehachapi for their support, and looks forward to sharing further milestones as it brings Sage Ranch to fruition.

Cordero Ranch

The company's independent professional engineers are replotting the 6,726 approved lots (67 pepr cent of that belong to the company's property) to better connect the first 400 units to the existing water and sewage lines.

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.