Progressive Planet Announces New Target Filing Date

/NOT FOR DISTRIBUTION IN THE USA/

2023 Year End Financial Results to be Filed on or Before September 1 Following Wildfire Related Disruption

KAMLOOPS, Aug. 28, 2023 - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company"), a leader in developing CleanTech solutions for the planet, announces a new target filing date for the audited consolidated financial statements and related management's discussion & analysis ("MD&A") for the fiscal year ending April 30, 2023. Due to wildfires in the area disrupting the financial close and reporting process, the finalization of the Company's continuous disclosure documents has been delayed. Progressive Planet intends to file its annual audited consolidated financial statements and related MD&A on or before Friday, September 1, 2023.

"Our thoughts are with the people adversely affected by the wildfires in B.C. and we are thankful for those working tirelessly to keep people safe," says Progressive Planet CEO Steve Harpur.

Added Harpur: "With the situation now improved, we also wish to inform our investors that the fires did not impact our mining or manufacturing operations."

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Progressive Planet provides regular information for investors on its website: progressiveplanet.com/investors/. This includes press releases and other information about financial performance, patents filed, and information on corporate governance.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

About Progressive Planet:
We are a CleanTech and manufacturing company with proven product lines based in Kamloops, British Columbia. Our expertise lies in developing critical low-carbon and carbon sequestering solutions using our owned mineral assets and recycled materials to create planet-friendly products that fight climate change and protect our planet's health.

Our products are in 10,000+ retail stores across North America. Our innovations, created at our C-Quester™ Centre of Sustainable Innovation, bring positive disruption to the cement, agricultural and animal-care sectors by creating products that help reduce carbon footprints and restore ecosystems.

Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.

Disclaimer:
This news release, required by Canadian laws, does not constitute an offer of securities and is not for distribution or dissemination outside Canada.

SOURCE Progressive Planet Solutions