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Dundee Sustainable Technologies Inc.NEWS RELEASEDST signs CDN$ 600,000 engineering contract for its GlassLock ProcessTMand extends maturity of Convertible DebentureMONTREAL, QUEBEC, May 12th, 2020 –Dundee Sustainable Technologies Inc. (“DST” or the “Corporation”) (CSE: DST) is pleased to announce that it has entered into a commercial agreement to provide engineering services (the “Agreement”) to a gold and copper producer (the “Client”) for a full scale plant of its GlassLock ProcessTM (“GlassLock” or the “Technology”). As part of the Agreement, DST will receive a total of CDN$ 600,000 from the Client in return for the delivery of a Class 4 engineering package. This decision was made by the Client following the completion of a successful on-site demonstration of the GlassLock in December 2019 and the $1-million (U.S.) cash payment in return for a one-year exclusivity period for the application of its GlassLock ProcessTMon copper smelting operations. (See DST’s April 15thPress Release)DST’s GlassLock has been selected by the Client as the preferred process after costs comparison with other alternatives such as Scorodite precipitation. The mandate is expected to be completed in 18 weeks with a delivery of the report in August 2020. The Corporation’s President and CEO, Mr. David Lemieux commented: “The Corporation is pleased to announce DST has received this mandate by a well-established Client. This project is another important milestone in the execution of our business plan to commercialize our Technology. Our strategy is to create value for our shareholders by leveraging the successful Demonstration of ourGlassLock ProcessTMto deliver large scale projects like this one.” The Corporation is please to announce that it has obtained an approval from Investissement Quebec to extend the maturity date of its convertible debenture from May 15, 2020 to July 13, 2020 with all the other terms and conditions remaining unchanged. DST also announces the resignation of Ms. Luce St-Pierre as Corporate Secretary for the Corporation, DST would like the thank Ms. St-Pierre for her work, contribution and devotion since the incorporation of the company. DST has appointed Ms. Patricia Osorio to act of Corporate Secretary for the Corporation effective immediately. About Dundee Sustainable Technologies, a corporation controlled by Dundee Corporation The Corporation is engaged in the development and commercialisation of environment-friendly technologies for the treatment of materials in the mining industry. Through the development of patented, proprietary processes, DST extracts precious and base metals from mineralised material, concentrates and tailings, while stabilising contaminants such as arsenic, which could not otherwise be extracted or stabilised with conventional processes because of metallurgical issues or environmental considerations.
