Montreal, QC, August 17, 2022 — Ecolomondo Corporation (TSXV:ECM)  (OTC:ECLMF) (the “Company” or “Ecolomondo”), a cleantech company specializing in  the development of proprietary recycling technology, Thermal Decomposition Process  (“TDP”) and the commercialization of turnkey TDP facilities, today announces that its 

Chief Executive Officer, Chairman and controlling shareholder, Mr. Eliot Sorella, has  exercised approximately $500,000 worth of stock options (the “Options”), in the form of 1,428,571 Options exercised at a price of $0.35 per share.  

As announced in its press release dated July 12, 2022, Mr. Sorella has now exercised a total  of $1,000,000 worth of Options for estate purposes, all to the benefit of the Company’s  working capital. 

Prior to the completion of this second exercise, Mr. Sorella had ownership or control of  139,800,474 common shares in the capital of the Company, representing approximately  75.52% of the issued and outstanding share capital of the Company. Following completion  of the exercise Mr. Sorella has ownership or control of 141,229,045 common shares in the  capital of the Company, representing approximately 75.70% of the issued and outstanding  share capital of the Company.  

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.