Mr. Raymond Lai reports

MAPLE LEAF GREEN WORLD INC. HAS APPOINTED GREEN CASTLE ENVIRONMENTAL LTD. AS THE PROJECT MANAGER FOR ITS ZERO-EMISSION AFFORDABLE HOUSING PROJECT IN THE ALBERTA PALLISER REGION

Maple Leaf Green World Inc. has signed a joint venture agreement with Green Castle Environmental Ltd. of Carbon, Alta., to develop a green housing project in the Palliser region of Alberta. Green Castle will be appointed as the project manager.

The housing shortage problem in the Palliser region is serious, especially when various industries are planning to establish operational bases in the region -- they need affordable housing for their employees. Maple Leaf is taking the initiative to provide affordable and energy-efficient housing in the region with the assistance of Green Castle.

Under the JV agreement, Maple Leaf will contribute all the deemed necessary capital and Green Castle will contribute its service, skill, labour and construction expertise for this project. The net profit of this project will be split in certain agreed percentage between the parties.

Green Castle has been building commercial, residential and agricultural buildings in Alberta and British Columbia since 1996. It has been a licensed builder since August, 2022. It is also in the process of building a high-efficiency ready-to-move (HE-RTM) facility in Oyen, Alta., to facilitate the production of prefabricated and ready-to-move (RTM) affordable houses.

In addition, Green Castle has also been involved in assisting renowned Canadian artist Dean Bauche to create a series of woven copper sculptures that were featured in an art exhibit at the Chapel Gallery in North Battleford, Sask., and involved in building solar projects in Diamond Valley, Alta., and Surrey, B.C., as well.

"I am excited to joint hand with Maple Leaf to build energy-efficient affordable houses in the Palliser region as the demand for housing has increased significantly due to the invigoration of the region's economy," said Bryce Brodie, president of Green Castle Environmental.

Green Castle's first task will be to set up a capital budget and to locate suitable sites for building one or two show homes in the Palliser region with the collaboration of the town officials in the Palliser region.

About Maple Leaf Green World Inc.

Maple Leaf is focused on green and environmentally friendly business. It aims to contribute to a greener and more sustainable future.