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Cielo Announces Closing of Second and Final Tranche of Unit Offering

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

CALGARY, Alberta, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC, OTC:CWSFF) ("Cielo" or the "Company") is pleased to announce that it has closed the second and final tranche (the "Final Tranche") of its non-brokered private placement offering (the "Offering") of up to 60,000,000 units (each a "Unit, collectively the "Units") at a price of $0.05 per Unit. The Offering was initially announced on May 13, 2025 and the closing of the first tranche was announced on July 28, 2025.

Under the Final Tranche, 4,700,000 Units were issued for gross proceeds of C $235,000. Each Unit is comprised of one common share of the Company (each, a "Common Share") and one whole Common Share purchase warrant (each, a "Warrant") of the Company, each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.07 per Common Share for a period of two (2) years from the date of issuance. Together with the first tranche closing, under the Offering an aggregate 22,425,000 Units were issued for gross proceeds of $1,121,250.

The Units were offered by way of private placement pursuant to exemptions from prospectus requirements under applicable securities laws. All securities issued under the Final Tranche are subject to a hold period expiring December 16, 2025, in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the "Exchange"). The Offering has received conditional approval from the Exchange. No finder fees were paid in connection with, and no Insiders (as that terms is defined by the policies of the ...