ELIOT SORELLA, CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF ECOLOMONDO EXERCISES STOCK OPTIONS

Montreal, QC, July 12, 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 $500,000  worth of stock options (the “Options”), in the form of 500,000 Options exercised at a price  of $0.30 per share and 1,000,000 Options exercised at a price of $0.35 per share.  

Mr. Sorella exercised the Options for estate purposes, all to the benefit of the Company’s  working capital. Mr. Sorella announced that he intends to further exercise additional stock  options in the coming weeks, for an additional value of $500,000, at which time an early  warning report containing the required information with respect to the foregoing matters  will be filed under the Company’s SEDAR profile at www.sedar.com

Prior to the completion of the exercise, Mr. Sorella had ownership or control of  138,300,474 common shares in the capital of the Company, representing approximately  75.32% 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.  

The securities offered have not been, nor will they 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:  

Eliot Sorella,  

Chairman and Chief Executive Officer, Ecolomondo  

Tel: (450) 587-5999  

esorella@ecolomondocorp.com 

www.ecolomondo.com 

2022-07-13T15:21:13+00:00 July 13th, 2022|Press Releases|Comments Off on ELIOT SORELLA, CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF ECOLOMONDO EXERCISES STOCK OPTIONS