CVW Cleantech Announces Departure of Niel Erasmus

News release – February 5, 2023 Page 1 of 1

CVW CLEANTECH ANNOUNCES DEPARTURE OF NIEL ERASMUS

CALGARY, ALBERTA – (February 5, 2023) – CVW CleanTech Inc. (the "Company" or "CVW CleanTech") (TSX-V:

CVW) wishes to announce the departure of Vice President, Mineral Sands, Mr. Niel Erasmus, effective

February 1, 2023.

Mr. Erasmus has worked with CVW CleanTech for the past 6 years and has been instrumental in driving our

Creating Value from WasteTM technologies forward. Niel will be undertaking an exciting new challenge in

his career, where he will be leading an engineering project team for a gas-to-liquids mega-project.

The Company would like to thank Mr. Erasmus for his contributions towards our technology development

and his work with our team. We wish him all the best as he pursues future opportunities.

About CVW CleanTech Inc.

CVW CleanTech is a clean technology innovator that has focused on providing solutions to the mining sector

of Canada's oil sands industry. The Company's CVW™ technology provides sustainable solutions to reduce

the environmental footprint of the oilsands industry.

For further information, please contact:

Akshay Dubey Ingrid Meger

Chief Executive Officer

403.460.8135

Chief Financial Officer

403.460.8135

[email protected] [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.