Mr. Aidan Mills reports

NORTHSTAR EXTENDS MATURING CONVERTIBLE DEBENTURES

Northstar Clean Technologies Inc. intends to enter into agreements to extend the maturity date of $425,000 in convertible debentures from the original maturity date of Feb. 28, 2026, to Feb. 28, 2027, with all terms associated with the February, 2026, tranche remaining unchanged. Under the February, 2026, tranche, the company originally raised $625,000.

"Of the total $2.1-million in convertible debentures issued between December, 2022, and February, 2023, 98 per cent have either been converted to common shares or will be extended in this restructuring," commented Greg Phaneuf, vice-president, corporate development, and chief financial officer. "The extension of these debentures supports our balance sheet while we drive towards our production goals at the Empower Calgary facility and profitable operations. We look forward to providing a comprehensive operational update in the coming weeks."

Pursuant to prior conversions of the February, 2026, tranche, 200,000 common share purchase warrants are currently outstanding. In connection with the extension of the February, 2026, tranche, the company also intends to extend the expiry date of the warrants to Feb. 28, 2027.

The extension of the expiry date of the warrants and the extension of the February, 2026, tranche remain subject to the acceptance of the TSX Venture Exchange.

The company also announces that it intends to issue common shares to satisfy the interest owing at Feb. 28, 2026, for the February, 2026, tranche. The company expects to agree with the respective holders of the February, 2026, tranche to satisfy, in the aggregate, $21,250 of interest through the issuance of 106,250 common shares. Of the total shares, 18,750 common shares are to be issued to insiders. Closing of the shares-for-debt transaction is subject to customary closing conditions, including the approval of the TSX Venture Exchange. All shares issued will be free of resale restrictions.

As certain insiders of the company are to receive shares under the aforementioned shares-for-debt transaction and are to participate in the extension of the February, 2026, tranche, their participation is considered a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company intends to rely on the exemptions from the formal valuation and minority approval requirements of Policy 5.9 of the TSX-V and MI 61-101 in respect of related-party transactions contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, respectively.

About Northstar Clean Technologies Inc.

Northstar is a Canadian waste to value technology company focused on the sustainable recovery and reprocessing of asphalt shingles. Northstar developed and owns a proprietary design process for taking discarded asphalt shingles, otherwise destined for already overcrowded landfills, and extracts the liquid asphalt for use in new hot mix asphalt shingle manufacturing and asphalt flat roof systems while also extracting aggregate and fibre for use in construction products and other industrial applications. Focused on the circular economy, Northstar plans to reprocess used or defective asphalt shingle waste back into its three primary components for reuse/resale with its first commercial scale-up facility in Calgary, Alta. As an emerging innovator in sustainable processing, Northstar's mission aims at leading the recovery and reprocessing of asphalt shingles in North America that would otherwise be sent to landfill addressing numerous stakeholder objectives.

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