Forward-looking statements are subject to both known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Cielo, that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements and information are based on plans, expectations and estimates of management at the date the information is provided and are subject to certain factors and assumptions. The Company is making forward-looking statements, including but not limited to, with respect to: the advancement, design, scope, economics, and timing of Project Nahoonai; the integration of CCS into Project Nahoonai and the anticipated carbon intensity of the resulting SAF; the Company’s positioning under the BC LCFS and other compliance markets; the pursuit of Major Project Status through CEMPO; the role and capabilities of the Nexus Platform; the anticipated benefits of Project Nahoonai to the forest industry, Indigenous partners, airlines, and the Province of British Columbia; as well as the implementation of the Incentive Program, including the receipt of Exchange approval, the timing and terms of the Early Exercise Period, the level of participation by Eligible Warrant Holders, and the anticipated benefits of the Incentive Program to the Company’s financial position and strategic objectives.