TIDEWATER RENEWABLES LTD. REPORTS FIRE INCIDENT AT ITS RENEWABLE DIESEL REFINERY

CALGARY, AB, April 1, 2025/ CNW/ – Tidewater Renewables Ltd. (” Tidewater Renewables” or the “Corporation”) LCFS reports that, at roughly 9:00 a.m. (MST) on April 1, 2025, there was a small fire (the “Event”) in the primary sustainable diesel procedure system at the Corporation’s sustainable diesel refinery (the “HDRD Complex”) situated in Prince George, British Columbia

The Event has actually been snuffed out and the affected location of the HDRD Complex has actually been separated and supported. The Corporation verifies that all workers are represented and no injuries have actually been reported at this time.

The Corporation continues to examine the Event, both by itself behalf and in cooperation with the appropriate regulative authorities. While the examination remains in its early phases, Tidewater Renewables is motivated by the apparently low level of damage arising from the Event.

The Corporation keeps a complete suite of extra parts at the HDRD Complex and ought to remain in a position to correct the damage and finish the proper screening and analysis needed to securely bring the HDRD Complex back online in brief order. Offered the item stock levels kept at the HDRD Complex, the blackout is not anticipated to have a product effect on Tidewater Renewables’ operating and monetary outcomes (presuming the resumption of operations as anticipated). Tidewater Renewables will offer more info as the examination into the Event advances if any brand-new info emerges.

ABOUT TIDEWATER RENEWABLES

Tidewater Renewables is a multi-faceted, energy shift business. The Corporation is concentrated on the production of low carbon fuels, consisting of sustainable diesel. The Corporation was produced in reaction to the growing need for sustainable fuels in The United States And Canada and to profit from its prospective to effectively turn a wide array of sustainable feedstocks (such as tallow, utilized cooking oil, distillers corn oil, soybean oil, canola oil and other biomasses) into low carbon fuels. Tidewater Renewables’ goal is to end up being a leading Canadian sustainable fuel manufacturer. The Corporation is pursuing this goal through the ownership, advancement, and operation of tidy fuels jobs and associated facilities, that make use of existing tested innovations. Extra info associating with Tidewater Renewables is readily available on SEDAR+ at www.sedarplus.ca and at www.tidewater-renewables.com

CARE REGARDING FORWARD-LOOKING STATEMENTS

This news release includes positive declarations. Making use of any of the words “prepare for”, “continue”, “price quote”, “anticipate”, “might”, “will”, “mean”, “job”, “would”, “might”, “ought to”, “think” and comparable expressions are planned to determine positive declarations. These declarations include understood and unidentified dangers, unpredictabilities and other elements that might trigger real outcomes or occasions to vary materially from those prepared for in such positive declarations. The Corporation thinks the expectations shown in the positive declarations utilized herein are affordable, however no guarantee can be considered that these expectations will show to be right, and such positive declarations consisted of in this news release ought to not be unduly depended on.

In specific, this news release includes positive declarations worrying the outcomes of the examination of the Event, the level of damage arising from the Event, the sufficiency of the Corporation’s extra parts stock to correct the damage arising from the Event, the timing of correcting the damage arising from the Event and finishing the proper screening and analysis needed to securely bring the HDRD Complex back online, the length of the blackout at the HDRD Complex as an outcome of the Event, and the effect on Tidewater Renewables’ operating and monetary outcomes.

Although the positive declarations consisted of in this news release are based upon presumptions which management of the Corporation thinks to be affordable, the Corporation can not ensure investors, financiers or other celebrations that real outcomes will follow these positive declarations. Any positive declarations consisted of in this news release represent expectations since the date of this news release and undergo alter after such date. Nevertheless, the Corporation is under no commitment (and the Corporation specifically disclaims any such commitment) to upgrade or modify any declarations including positive info, the elements or presumptions underlying them, whether as an outcome of brand-new info, future occasions or otherwise, other than as needed by law. With regard to the positive declarations consisted of in this news release, the Corporation has actually made presumptions relating to the effect of the Event on the HDRD Complex, the degree of the damage arising from the Event, the nature of the damage arising from the Event, and the resumption of operations at the HDRD Complex in brief order.

In addition, the Corporation goes through a variety of dangers and unpredictabilities, a number of which are beyond the Corporation’s control. Such dangers and unpredictabilities consist of the elements talked about under “Danger Aspects” in the Corporation’s yearly info kind for the year ended December 31, 2024 and its latest management’s conversation and analysis.

All the positive declarations in this news release are certified by the cautionary declarations herein. Additional info about elements impacting positive declarations and management’s presumptions and analysis thereof is readily available in filings made by the Corporation with Canadian securities commissions readily available on SEDAR+ at www.sedarplus.ca.

SOURCE Tidewater Renewables Ltd.

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