Ecolomondo Corporation provided a status update on its Hawkesbury TDP facility commissioning. Notable Updates Include: All major building installations are now complete and undergoing final inspection by municipal authorities; Pre-commissioning testing and commissioning of the electrical supply grid has been completed, receiving a positive evaluation from the Electrical Safety Authority Field Evaluator ("ESAFE"); Installation of the shredding and of the recovered carbon black processing lines are now complete and being prepared for final commissioning and start-up; Pre-commissioning of the Thermal Decomposition piping is completed, and the scrubbers and flare are being readied for commissioning and start-up; The Automation System logic and control panels for the Thermal Decomposition are fully installed and functioned according to expectations in pre-commissioning testing, an important milestone in the commissioning of the plant; and Installation of the oil fractionation system continues, and it is expected to be ready for pre-commissioning testing in early February. The Company remains committed to providing progress updates to all stakeholders, and expects commissioning to be completed by the second week of February 2022, with start-up operations following soon after.

The Company further announces that discussions with interested customers have been successful and it believes the oil, steel, recovered carbon black and fiber will be sold to interested customers as product become available and at pricing equal to or higher than originally projected.