BluMetric Announces Departure of Chief Financial Officer

Ottawa, Ontario--(Newsfile Corp. - August 31, 2023) - BluMetric Environmental Inc. (TSXV: BLM) ("BluMetric" or "the Company"), a full-service environmental consulting and engineering cleantech firm, announced today that Vivian Karaiskos, the Company's Chief Financial Officer ("CFO"), will be departing on September 30, 2023, to pursue a new opportunity.

Ms. Karaiskos joined BluMetric as the CFO in January 2015. During her tenure with the Company, she led several complex financings and transactions and was instrumental in leading BluMetric to profitability.

"On behalf of the Board and the BluMetric family, we would like to thank Vivian for her years of service in leading the Company through immense periods of transition. Her hands on approach, dedication and strategic oversight assisted the Company to evolve and secure a significantly strengthened financial position since going public in 2012. We wish her all the best in her new endeavour and know that her future home will be lucky to have her," said Scott MacFabe, CEO of BluMetric.

The Company has commenced an executive search with Boyden for a new CFO who will provide a strong foundation for its next chapter of growth. Ms. Karaiskos will continue to contribute as an external consultant to ensure an orderly transition with the incoming CFO.

About BluMetric Environmental Inc.

BluMetric Environmental Inc. is a publicly traded environmental consulting and engineering company with expertise across professional and trade disciplines and technologies that allow for the design, fabrication and delivery of sustainable solutions to environmental and water challenges. BluMetric has more than 180 employees operating in ten offices and over 40 years of expertise. Headquartered in Ottawa, Ontario, BluMetric's team of industry experts serves Commercial and Industrial, Military, Mining and Government clients.

For more information, visit www.blumetric.ca or please contact:

Scott MacFabe, CEO
BluMetric Environmental Inc.
Tel: 1-877-487-8436
Email: smacfabe@blumetric.ca

Vivian Karaiskos, CFO
BluMetric Environmental Inc.
Tel: 1-877-487-8436
Email: vkaraiskos@blumetric.ca

Brandon Chow, Principal & Founder
Otis Investor Relations Inc.
Tel: 1-647-598-8815
Email: brandon@otisir.com

Forward-Looking Statements

Some of the statements in this press release, including those relating to the Company's quarterly and annual results, future products, opportunities and cost initiatives, strategies, and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates, and projections regarding future events. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR+ at www.sedarplus.ca. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/179297