Anaergia Announces Further Delay in Filing Its Audited Financial Statements and Related Disclosures

BURLINGTON, Ontario – Anaergia Inc. (“anaergy” or the “Pursue) (TSX: ANRG) today announced that there will be a further delay in the filing of its annual information form for the year ended December 31, 2023, audited consolidated financial statements for the year ended December 31, 2023 and related management reports will discuss and analyze the financial condition and results of operations and CEO and CFO certifications with respect to the audited financial statements in accordance with National Instrument 52-109 – Certification of disclosure in issuers’ annual and interim reports (together the “Required Documents“).

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Although the timeline for completion of Deloitte LLP’s audit of its consolidated financial statements remains uncertain, the Company is now working toward filing the required documents during the week of May 13, 2024.

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As previously announced, the Ontario Securities Commission has imposed a failure to file a trading halt order (“FFCTO“) according to National Policy 11-207 – Failure to file cease-and-desist orders and revocations in multiple jurisdictions. The FFCTO prohibits anyone from trading the Company’s securities in Canada, including trading the Company’s common shares on the Toronto Stock Exchange. The FFCTO remains in effect until the required documents are completed by the company.

For additional information regarding the required documents, see the Company’s press releases dated March 28, 2024, April 9, 2024, April 15, 2024 and April 23, 2024.

About Anaergia

Anaergia was created to eliminate a major source of greenhouse gases (“Greenhouse gases“) by cost-effectively converting organic waste into renewable natural gas (“RNG“), fertilizer and water through the use of proprietary technologies. With a track record of delivering innovative projects, Anaergia is uniquely positioned to provide solutions to today’s most pressing resource recovery challenges through a broad portfolio of proven technologies and multiple project delivery methodologies. Anaergia is one of the few companies in the world with a proprietary portfolio of end-to-end solutions that integrate solid waste processing and wastewater treatment with organic matter recovery, high-efficiency anaerobic digestion, RNG production and fertilizer and water recovery from organic residues . The combination of these technologies improves the production of carbon-negative biogas, clean water and natural fertilizer, utilizes a minimized footprint and reduces waste and wastewater treatment costs and greenhouse gas emissions.

Further information can be found at: www.anaergia.com

Forward-Looking Statements

This press release contains forward-looking information within the meaning of applicable securities laws that reflect Anaergia’s current expectations regarding future events, including, but not limited to, statements regarding the expected filing date of required documents and the disposition of the FFCTO. Forward-looking information is based on a number of assumptions, including, but not limited to, the Company’s ability to file required documents by May 17, 2024 and the Company’s ability to continuously meet its financing and liquidity needs. The Company is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. These risks and uncertainties include, but are not limited to, the risk that the required documents will be filed later than expected and that trading in the Company’s securities will remain suspended from the Toronto Stock Exchange until such time as the required documents are filed Documents, counterparty risk and the factors discussed under “Risk Factors” in the Company’s Annual Information Form for the fiscal year ended December 31, 2022 and under “Risks and Uncertainties” in the Company’s most recent management discussion and analysis. Actual results may differ materially from those projected herein. Anaergia undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws. Further information on these and other factors that could affect Anaergia’s operations or financial results is included in Anaergia’s reports filed with Canadian regulators.