Vancouver, British Columbia (FSCwire) - Cielo Waste Solutions Corp. ("Cielo" or the "Company") – On February 3, 2016, Don Allan, President and CEO of Cielo acquired ownership of 7,875,212 common shares in the capital stock of Cielo (the “New Shares”) at a deemed price of $0.05 per Share.  

The New Shares were acquired by Mr. Allan from a third party shareholder of Cielo pursuant to a private agreement as a settlement of debt owing from such third party to Mr. Allan (the “Transaction”). 

Prior to the Transaction, Mr. Allan had 5,788,427 common shares in the capital stock of Cielo.  Together with the New Shares, Mr. Allan now has 13,663,639 common shares of Cielo registered in his name (the “Total Shares”), which represents approximately 14.9% of the total issued and outstanding shares of Cielo.

Mr. Allan stated “This is a significant investment for me but I fully believe in the long-term value in the stock prices and the outstanding possibilities for Cielo and its shareholders”.

As the New Shares were free trading on the closing of the Transaction, the New Shares are not subject to any holds, however, as certain of the Total Shares were acquired on or about the 27^th day of November, 2015 subject to a four month hold period, such Total Shares continue to be subject to such hold period.

In the future, Mr. Allan may acquire additional securities of Cielo, dispose of some or all of the securities it now owns or controls, or may continue to hold its current position.

The common shares of Cielo are listed on the Canadian Securities Exchange under the trading symbol "CMC".

A report respecting this acquisition will be electronically filed with the Securities Commission in each jurisdiction where the Issuer is reporting and will be available for viewing on SEDAR at www.sedar.com.

About Cielo Waste Solutions Corp.:

Cielo specializes in environmentally advanced technologies focused on materials recovery, renewable diesel and landfill reduction through responsible diversion practices. By incorporating the latest material recovery technologies, Cielo is able to achieve significant diversion from landfills while creating a feedstock specifically for renewable diesel. Cielo provides solutions for responsible waste management while also providing value added opportunities.

For more information on the Company, please contact

Don Allan, President, at (403) 348-2972 ext 222, or visit the Company’s website at www.cielows.com

Further information regarding the Company can be found on SEDAR at www.SEDAR.com or by visiting our profile on www.CSE.ca.

On Behalf of the Board of Directors

“Don Allan”

Chief Executive Officer

Tel: 403.348-2972 Ext. 222

Email: donallan@cielows.com

Certain statements contained in this release may constitute "forward–looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

These securities have not and will not be registered under United States federal or state securities laws and may not be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is relied upon. This news release does not constitute an offer of securities for sale in the United States.

CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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