Montreal, QC, September 3, 2021- Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “Company” or “Ecolomondo”), a cleantech company specializing in the development of proprietary Thermal Decomposition Process (“TDP”) recycling technology and the commercialization of turnkey TDP facilities used to transform tires, plastics and other hydrocarbon waste into salable renewable commodities, is pleased to announce its intention to complete a non-brokered private placement (the “Private Placement”) of up to 6,153,846 units (the “Units”) at a price of $0.65 per Unit, for gross proceeds of up to $4,000,000.

Each Unit is comprised of one common share (each a “Share”) and one-half of one share purchase warrant (each a “Warrant”). Each whole Warrant will entitle the holder to acquire one additional common share (a “Warrant Share”) in the capital of the Company at a price of $1.00 per Warrant Share, for a period of three years from the date the Units are issued.

If during the exercise period of the Warrants, but after the resale restrictions on the Warrant Shares have expired, the Company’s shares trade at or above a volume-weighted average price (VWAP) of $1.50 per share for 10 consecutive trading days, the Company may provide notice in writing to the holders of the Warrants that the expiry date will be accelerated 30 days from the date of providing such notice.

The Company may pay finder’s fees on a portion of the Private Placement in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the “Exchange”). The Company confirms there is no material fact or material change related to the Company which has not been generally disclosed. The Common Shares and Warrants are subject to a four-month hold period under applicable securities laws.

The Company plans to allocate the gross proceeds of the Private Placement to general working capital purposes and to help accelerate North American expansion plans. Closing of the Private Placement is subject to the approval of the Exchange.

About Ecolomondo Corporation

Ecolomondo is a Canadian cleantech company specializing in the commercialization of its waste-to-products operations and proprietary TDP technology. With 25+ years of industry experience and a track record of establishing strong circular economy partnerships, the Company is strategically positioned to become a major global vendor of turnkey TDP facilities that convert hydrocarbon waste into salable end-products including carbon black substitute, oil, gas and steel. Revenue growth will come from the sale of fully-automated and energy self-sufficient TDP facilities and royalties from the sale of end-products, tipping fees and carbon credits. Ecolomondo’s initial focus is to aggressively market TDP facility expansion throughout North America, as management has been speaking with numerous public and private sector industry groups looking for breakthrough solutions extending across the entire product management and processing lifecycle.

Cautionary Note Regarding Forward Looking Statements

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Ecolomondo believes that the expectations reflected in forward looking

statements are reasonable, it can give no assurances that the expectations of any forward- looking statements will prove to be correct. Except as required by law, Ecolomondo disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

The Private Placement securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

For further information please contact:
Elio Sorella,
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this