COLDry Fertiliser JV Seed Funding & Working Capital Secured

Environmental Clean Technologies Limited (ASX: ECT) (“ECT” or “the Company”) is pleased to provide the following update on its joint venture project with ESG Agriculture Pty Ltd (“ESG”).

Highlights:

• “Zero Quest” Joint Venture:
  • Joint venture established to develop sustainable soil health solutions including the commercialisation of ECT’s net-zero COLDry fertiliser product
  • JV company established: Zero Quest Pty Ltd (www.zero-quest.com.au)
  • ESG and ECT to contribute seed funding of $150,000 each
  • Field trials to commence immediately
• Funding Milestones:
  • ECT secured $482,488R&D Loan, including contribution for JV seed funding
  • ECT secured, subject to shareholder approval, $647,512in further funding
• Project Advancements: COLDry Fertiliser process design completed and tested; field trials to follow
• Project Finance Progress: Targeting completion in Q1 CY25
• Leadership Transition: Sam Rizzo transitions to Non-Executive Director role for ECT and Zero Quest

Joint Venture with ESG

ECT and ESG have launched Zero Quest Pty Ltd, a joint venture with offices in Melbourne and Adelaide, Australia, focused on delivering innovative, zero-emission solutions for sustainable agriculture. As announced on 4 April and 15 July 2024 ESG is a solution provider of soil health products and advisory services, supporting growers on their practice change journey towards reducing their carbon footprint. ESG brings to the JV leading agricultural executives with proven results in engaging with growers and developing agricultural solutions. The collaboration with ESG spearheads the COLDry Fertiliser Project, a transformative initiative to reduce emissions and boost agricultural efficiency.

Key milestones:

• Incorporation of Zero Quest Pty Ltd
• Seed Funding: The partners have contributed $300,000
• Field Trials Launch: Trials to begin immediately for the COLDry Fertiliser Project.

Zero Quest will be managed jointly by ECT and ESG, with Sam Rizzo (ECT) and Mark Scanlon (ESG) serving as foundation directors. Martin Hill, ECT’s CFO, will act as Company Secretary.

Field Trials and Strategic Goals

Zero Quest is set to conduct field trials with large-scale farmers across South Australia, Victoria, New South Wales, and the Philippines, evaluating diverse crop and soil types. The trials will be funded by the initial

$300,000 contributed by the JV partners and a further $100,000 that each of the JV partners are obliged to contribute in early 2025. Any additional capital raising (whether equity or debt) is to be contributed equally by the JV partners, unless otherwise mutually agreed. Running for up to six months, the trials will engage farmers under Memorandums of Understanding (MOUs), which are expected to transition into binding off- take agreements upon achieving the following objectives.

Field Trial Objectives:

1. Validate the fertiliser’s performance under real-world agricultural conditions, focusing on crop yield and soil health.

2. Environmental Impact Assessment: Measure reductions in carbon…