Cielo Waste Solutions Corp. (TSXV:CMC) entered into an agreement to acquire PLAN 2111314 BLOCK 3 LOT 1 EXCEPTING THEREOUT ALL MINES AND MINERALS from Renewable U Energy Inc. for CAD 5.2 million on May 23, 2023. The transaction is subject to consummation of due diligence, Approval of the Offer by Cielo Waste Solutions's Board and Obtaining Financing.

The transaction is expected to close on August 1, 2023. SEAN FREDERICK of DLA Piper (Canada) LLP acted as legal advisor to Renewable U Energy. DARREN E. FOLKERSEN of Niblock & Company LLP acted as legal advisor to Cielo Waste Solutions.