Montreal, August 29, 2021 Ecolomondo Environmental (Hawkesbury) Inc., a  subsidiary of Ecolomondo Corporation (TSX-V: ECM) (OTC: ECLMF) (“the  Company” or “Ecolomondo”) is pleased to announce that it has concluded on August 25,  2022 a Third Amending Agreement (the “Amending Agreement”) to its original loan  agreement (“Loan”) with from Export Development Canada (“EDC”).  

The original Loan was for an amount of $32.1 million in project financing with EDC, executed on April 3, 2019, to finance the construction of the Company’s first of its kind  new turnkey thermal decomposition facility in the Town of Hawkesbury, Ontario (the  “Hawkesbury facility”) that will process end-of-life tires to produce re-usable resources. 

The Amending Agreement updates the original Loan and addresses mostly the  consequential challenges and negative impact brought on by a chronic global COVID-19  pandemic to the construction and commissioning of the Company’s Hawkesbury TDP  facility.  

As the Hawkesbury facility is almost ready to begin commercial production, the Amending Agreement allows the deferral of interest and capital payments that were to become due  August 31 and November 30, 2022, on the condition that the Company injects $500,000 in  capital in its subsidiary Ecolomondo Environmental (Hawkesbury) Inc. by August 31,  2022. It is to note that this condition was satisfied on August 29, 2022. The Amending  Agreement also encompasses for the deferral of interest and capital payments that were to 

become due on February 28, 2023 and a further capital payment to become due May 31,  2023, on the condition that the Company agrees to inject $2,000,000 in capital before December 31, 2022 into its Hawkesbury subsidiary. Deferred amounts will be added to the  balloon payment due at the maturity of the Loan. The Amending Agreement also details  the funding of the Debt Service Reserve Account and the disbursement priority waterfall. 

“This Agreement further confirms my long-standing belief that EDC is an exceptional  financial partner. The signing of this Third Amending Agreement confirms their  support towards the success of Ecolomondo’s Hawkesbury TDP turnkey plant”, says  Eliot Sorella, Ecolomondo’s Chairman & CEO.

About TDP Technology 

Thermal Decomposition Process technology is a proprietary waste-to-resources technology  that the Company expects will play a critical role in the development and proliferation of  the circular economy. TDP is a closed loop, slow pyrolysis technology that operates in an  oxygen-free environment using positive pressure and a batch rotary reactor. The process is  largely energy self-sufficient. Ecolomondo’s exclusive automation system allows for strict  control of cycle times, processing parameters and consistent batch production, resulting in  quality, commercial-grade recycled commodities and end-products. 

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 saleable end-products including recycled  carbon black, oil, gas and steel. 

Revenue growth will come from the building and operations of fully-automated and  energy-efficient TDP facilities. 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 for  processing hydrocarbon waste. 

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 assurance 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.  

For further information please contact:  

Eliot 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 release.