U.S. Markets closed

Cindrigo Energy Announces The Successful Completion of a Project Feasibility Study For The 1000 T/D Waste To Energy Power Plant

Newsfile Corp.

Vancouver, British Columbia--(Newsfile Corp. - July 23, 2019) - Cindrigo Energy Ltd. ("Cindrigo" or the "Company") is pleased to announce a Feasibility Study ("FS") relating to the 1000 tons per day Waste to Energy Power Plant in Ukraine (the "Project') has been prepared by China Energy Co. Ltd. ("China Energy") as Chief Engineer of the Project. The FS included studies into the connection to power system, scheme for heat supply, waste source and transportation, water source, geological and hydrometeorological conditions, site conditions, traffic and transport, ash and slag treatment and handling, and environmental protection. The Company has been provided assurances that reporting was made in conformity with applicable professional standards in all material respects.

The FS established the basis of the Project as well as allowed for additional agreements between the Company and China Energy relating to the financing of the Project to commence. Further details regarding such agreements will be forthcoming. The Chief Engineer from China Energy has confirmed that they took 700 hours on completion of the report and have endorsed the FS.

About Cindrigo Energy Ltd.

Cindrigo Energy Ltd. is engaged in the development of high quality, clean, renewable energy utilizing Waste to Energy ("WtE") and biomas energy ("Biomas") projects. WtE and Biomas technologies consists of any waste treatment process that creates in the form of electricity, heat or transport fuels (e.g. gas and diesel) from a waste source.

For further information please contact:

Mustaq A Patel
Managing Director
+1 (646) 419 3152

info@cindrigo.com
www.cindrigo.com

Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or the Company's future performance, business prospects and opportunities, which are based on assumptions of management.

The use of any words such as ""will", "expected", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct. By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, the Company will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, the Company assumes no obligation to update or revise any forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46470