Cielo Announces Binding Letter of Intent to Acquire Carseland Facility from Rocky Mountain Clean Fuels Inc. and Announces Termination of Agreements with Renewable U Energy Inc.

CALGARY, Alberta, June 12, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a company fueling renewable change, announces that it has entered into a binding letter of intent (“LOI”) to effect a transaction that will position Cielo for commercial production and revenue generation upon closing, expected on or before September 6, 2024 (the “Transaction”), subject to the approval of the TSX Venture Exchange as required. Cielo intends to form the Cielo LP, which will determine and control the structure, ownership and management of a concurrently formed general partner (“GP”), in order to effect the building of a gasifier and expanded operations adjacent to the acquired EGTL™ facility in Carseland, Alberta (the “EGTL™ Facility”) by the Cielo LP, described more fully below.

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