NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES LONDON, Ontario, June 18, 2024 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=Zxtc95f6YAbSpCDz8Ihkc9WmyFAWxr0qcSL0wZCrOqK_6SxB_DPKj9YOj4obSzALDwssu8FSF45KEs1r2w5vch-Q83FEHGUu3Qd8hqVWymc=" rel="nofollow" target="_blank">Aduro Clean Technologies Inc.</a> (“Aduro” or the “Company”) (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50), a Canadian technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewal oils, into resources for the 21st century, is pleased to announce that, further to its news release dated May 29, 2024, it has closed its non-brokered private placement by issuing 2,711,077 units (each, a “Unit”) at $1.30 per Unit for gross proceeds of $3,524,400.10 (the “LIFE Offering”). “We are extremely pleased with the continued support of our existing shareholders and welcome our new shareholders. The strong interest in this offering is a clear demonstration of the positive impact of our growing investor base in Canada and internationally,” said Ofer Vicus, Chief Executive Officer of Aduro. Each Unit consists of one (1) common share in the capital of the Company (each, a “Common Share”) and one-half (1/2) of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable into one (1) Common Share (each, a “Warrant Share”) at a price of $1.60 per Warrant Share for a period of two (2) years from the date of issuance, subject to an acceleration right (the “Acceleration Right”). Pursuant to the Acceleration Right, if the Common Shares have a closing price on the Canadian Securities Exchange (the “CSE”) (or such other securities exchange on which the Common Shares may be traded at such time) of $1.90 or greater per Common Share for a period of ten (10) consecutive trading days at any time after the issuance of the Warrants, then the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof (by disseminating a news release advising of the acceleration of the expiry date of the Warrants) and, in such case, the Warrants will expire on the thirtieth (30th) day after the date of such notice. The Company paid an aggregate of $144,053.91 in cash and issued 74,059 finder’s warrants (the “Finder’s Warrants”) to certain finders in connection with the LIFE Offering. The Finder’s Warrants are exercisable at $1.60 per Share for a period of two (2) years from the date of issuance. The Company intends to use the net proceeds from the LIFE Offering to fund the research and development of the Company’s chemical recycling technologies and for general administrative and working capital expenses. The Units were sold to purchasers resident in Canada and other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the “Listed Issuer Financing Exemption”). Since the LIFE Offering was completed pursuant to the Listed Issuer Financing Exemption, the securities issued in the LIFE Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. The Finder’s Warrants are subject to hold period of four months and one day from the date of issuance. None of the securities sold in connection with the LIFE Offering were or will be registered under the United States Securities Act of 1933, as amended. Further, none of these securities were offered or sold in the United States. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. For further information, please contact: Ofer Vicus, CEO <a href="https://www.globenewswire.com/Tracker?data=5iTmh4kClf1Vui2Lh7eny7eVdDKoYtLo5_Lwe_MaNEUX9VrJfgG2tfrE8kKqkFYjN0N2Cyw4-3ZaufUmIVlE5o1v30c-uZgZerlEAdSf_lE9MwwzfZcaYMblKlHuXbpS" rel="nofollow" target="_blank">ovicus@adurocleantech.com</a> Abe Dyck, Investor Relations <a href="https://www.globenewswire.com/Tracker?data=Jvb-f-vcuGl6XlYneMnAz_IiBqc3A18wdCyji_jWDWSZOhcXNRi4mMu02SeaGtRkSkgvbIA0px6r8zBEfFpVKEWulsUY1EtMQQmio1dK3BU=" rel="nofollow" target="_blank">ir@adurocleantech.com</a> +1 226 784 8889 Arrowhead Thomas Renaud, Managing Director <a href="https://www.globenewswire.com/Tracker?data=J1oOKl5q4RXfZN64e3ys0mtrqM0MxfVKDYc_gscy2v18tghzisNZYFlG9MixoYw8Z-wmeg_xykFo9USWPyQmT_cmqzShnk8iF5quJX_JrFg=" rel="nofollow" target="_blank">enquire@arrowheadbid.com</a> +1 212 619 6889 Forward-Looking Statements This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include statements regarding: the intended use of proceeds of the LIFE Offering. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements including: that the proceeds of the LIFE Offering may not be used as stated in this news release; adverse market conditions and other factors beyond the control of the parties. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include general market conditions and other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. Risks and uncertainties about the Company's business are more fully discussed under the heading “Risk Factors” in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR at <a href="https://www.globenewswire.com/Tracker?data=blwITvmf7M2kJFdNk8i0o8uVLgR_UA9vcLPpyZn3LnIUZ7IHBpUeVDXPKL-0gpcwFbb0_214v1ee1wiZJbCEE65h6WVcucRAkDh0Dhyn4oskvvD2zGNr7uMT6BxRD7Sl" rel="nofollow" target="_blank">www.sedar.com</a>. The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release. <img alt="PR116Graphic" height="338" name="GNW_RichHtml_External_IMG" src="https://ml.globenewswire.com/Resource/Download/d7a7f8dd-d3f3-4e90-a855-d367b27f1c60/pr116graphic.png" width="600" /> A photo accompanying this announcement is available at: <a href="https://www.globenewswire.com/Tracker?data=lreRCBcTDBF52wD5EhmMh9Ly0ldIJbFYxhCG2QVLWjQF87tvM79mwI54kpmFttX7__W6ir6af6KNxPYTwrxWJG3A5Mho8GM7wtJzkhUeWlMmzoovaKaXj_Atk7VISqz5q1uIdBKARHMU0ES1V-3seF7coHQFHdYR6HGE_qoSEu7dsrHu7MshNQ3o9694tFEZHX0u4hWhewMHakhRSazMKVX7J1n1GheZayY1YfukoINdVJMESmBrZuf7dRbtnQGhYx9Qy-pZN8g5iHD4M5g_BQ==" rel="nofollow" target="_blank">https://www.globenewswire.com/NewsRoom/AttachmentNg/d7a7f8dd-d3f3-4e90-a855-d367b27f1c60</a> <img alt="" src='https://ml.globenewswire.com/media/NmFjOGM1NTYtZGUzMS00ZmYwLThmYjktNGUwMzZjNzAyNDIxLTEyNTczMjA=/tiny/Aduro-Clean-Technologies-Inc-.png' referrerpolicy='no-referrer-when-downgrade' />

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES LONDON, Ontario, June 18, 2024 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“ Aduro ” or the “ Company ”) (CSE: ACT ) (OTCQX: ACTHF ) (FSE: 9D50 ), a Canadian technology company using the power

Aduro Clean Technologies Announces Closing of Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES LONDON, Ontario, June 11, 2024 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=eLmbOTfS4NiGHFs0fNQGzdEOPG3PUntNpgRnkTiohqQLG8ZChCj56EdDThuaHGo8JAsbwX5VKkunX-qV7ZH-oM2RbXl-JzOWG-dfC_WWsTY=" rel="nofollow" target="_blank">Aduro Clean Technologies Inc.</a> (“Aduro” or the “Company”) (CSE: ACT) (OTCQX: ACTHF) (FSE: 9D50), a Canadian technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, is pleased to announce that, further to its news release dated May 29, 2024, due to strong investor demand, it has increased the size of its non-brokered private placement of units (each, a “Unit”) up to a maximum of 2,711,538 Units, at a price of $1.30 per Unit, for gross proceeds of a maximum of $3,525,000 (the “LIFE Offering”). The Company is processing existing subscription agreements already received to date and is unable to accept any further subscriptions at this time. Each Unit will consist of one (1) common share in the capital of the Company (each, a “Common Share”) and one-half (1/2) of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable into one (1) Common Share (each, a “Warrant Share”) at a price of $1.60 per Warrant Share for a period of two (2) years, provided that if the Common Shares have a closing price on the Canadian Securities Exchange (the “CSE”) (or such other securities exchange on which the Common Shares may be traded at such time) of $1.90 or greater per Common Share for a period of ten (10) consecutive trading days at any time after the issuance of the Warrants, then the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof (by disseminating a news release advising of the acceleration of the expiry date of the Warrants) and, in such case, the Warrants will expire on the thirtieth (30th) day after the date of such notice. There is an amended offering document (the “Amended Offering Document”) related to the LIFE Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.adurocleantech.com. Prospective investors should read the Amended Offering Document before making an investment decision. As disclosed in the Amended Offering Document, the Company intends to use the net proceeds from the LIFE Offering to fund their research and development of the Company’s chemical recycling technologies and for general administrative and working capital expenses. The Units offered as a part of the LIFE Offering shall be offered to purchasers resident in all provinces of Canada, including Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). Units offered under the Listed Issuer Financing Exemption will not be subject to resale restrictions to Canadian resident investors pursuant to applicable Canadian securities laws. The LIFE Offering is anticipated to close on or about June 14, 2024, or such later date as the Company may determine. The closing is subject to certain conditions including, but not limited to, a minimum of $2,000,001 in gross proceeds being raised by the LIFE Offering and the receipt of all necessary regulatory and other approvals, including the Company’s completion of its filing obligations under the policies of the CSE. As disclosed in the Amended Offering Document, the Company may pay finder’s fees under the LIFE Offering as permitted by CSE policy and applicable securities laws. None of the securities sold in connection with the LIFE Offering will be registered under the United States Securities Act of 1933, as amended, and none of these securities may be offered or sold in the United States. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. For further information, please contact: Ofer Vicus, CEO <a href="https://www.globenewswire.com/Tracker?data=PDv7WAixn9kEqTgNA9XRsvivxv4DiqsZ2MN9Abe_uEowEriM-eBjnvr0d4MYZjPIJsypjH6KCm8BL0Hj9-8lNH1iJyjMsgh1M6QeVhyVNSc7n7Vl47p3haxuTn9KM5aJ" rel="nofollow" target="_blank">ovicus@adurocleantech.com</a> Abe Dyck, Investor Relations <a href="https://www.globenewswire.com/Tracker?data=xEe31l39PrHkd9trNctB2VhX648JafCw7_5WZJp3oFfzzbiHodg0vrDGGXxKyF8GWC2EMuLZSemeSeXmQwV9XalLEZFaBVmKSuATSgjK8f4=" rel="nofollow" target="_blank">ir@adurocleantech.com</a> +1 226 784 8889 Arrowhead Thomas Renaud, Managing Director <a href="https://www.globenewswire.com/Tracker?data=IIby5tvpTJCK7ozkwOpFJKkD348BbLzc2IXNapAghTXPZieBSkn1QTPw_kxFcEd-THbsqoiCtnWDfQWb5EpleRT580f2OWsPcIkG9lrPZUQ=" rel="nofollow" target="_blank">enquire@arrowheadbid.com</a> +1 212 619 6889 Forward-Looking Statements This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include statements regarding: the Company completing the LIFE Offering as planned, the intended use of proceeds of the LIFE Offering, the closing conditions of the LIFE Offering, that the Company is processing existing subscription agreements and will not be accepting any further subscriptions, and the anticipated closing date of the LIFE Offering. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements including: the Company may not complete the LIFE Offering as proposed; the proceeds of the LIFE Offering may not be used as stated in this news release; the Company may be unable to satisfy all of the conditions to the closing of the LIFE Offering; the Company may accept additional subscriptions in the LIFE Offering; and adverse market conditions and other factors beyond the control of the parties. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current expectations include general market conditions and other factors beyond the control of the Company. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release. <img alt="" src='https://ml.globenewswire.com/media/Y2IzNGRkZjMtZGI1ZC00OGQ2LTk2ZDctNWJkNmM5MGZiNGE1LTEyNTczMjA=/tiny/Aduro-Clean-Technologies-Inc-.png' referrerpolicy='no-referrer-when-downgrade' />

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES LONDON, Ontario, June 11, 2024 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. (“ Aduro ” or the “ Company ”) (CSE: ACT ) (OTCQX: ACTHF ) (FSE: 9D50 ), a Canadian technology company using the power

Aduro Clean Technologies Increases Private Placement Up To $3,525,000

Between internal inspiration and external expertise, there is transformation towards a better future

<h3>Our employees are our greatest assets, driving value creation and success.&nbsp; We&rsquo;re not just a company &ndash; we&rsquo;re a team of passionate innovators, scientists, and operational professionals united by a common goal: to push the boundaries of what&rsquo;s possible and create transformative solutions that positively impact the world.</h3>

<h3>Safety</h3>
The safety of our team is our number one priority.
<h3>Innovation &amp; Imagination</h3>
We embrace creativity, curiosity, and bold thinking;&nbsp; we encourage asking questions and seeking answers.
<h3>Passion</h3>
Our unwavering enthusiasm for our work fuels our determination to overcome challenges and achieve extraordinary results.
<h3>Collaboration</h3>
We believe true innovation arises from the synergy of diverse perspectives; we believe in cross pollination where Operations, Research &amp; Development, and Marketing work hand-in-hand to bring out the best of each team member while driving discipline to translate innovations into scalable, efficient processes.
<h3>Scientific Excellence</h3>
We are committed to rigorous scientific and operational inquiry, adhering to the highest standards of research integrity and ethical conduct.
<h3>Respect</h3>
We foster an inclusive environment where every voice is heard and valued.

Our Values

<h2>Trevor Morris</h2>
<h4>Operations Manager</h4>
"Being promoted into the role of Operations Manager has given me a chance to expand my skill set and experience with a company that actively promotes the personal and professional growth of its employees. Aduro is constantly challenging what is possible, which makes every day an exciting challenge."

<h2>Stefanie Steenhuis</h2>
<h4>Head of Brand &amp; Marketing</h4>
"Working for Aduro means learning something new every day. It also means being creative and visionary. Every one of us is an entrepreneur, strategist, project manager and team player. Aduro gives us a chance to do something good in this world, to give something back. That is thrilling. I have worked in different companies across the globe but I have never seen such dedication and passion."

<h2>Eric Appelman</h2>
<h4>Chief Revenue Officer</h4>
"During my career as a chemical engineer I met customers all over the world doing numerous different things, before moving into general management roles. At Aduro, all that comes together in a setting that is relevant for a sustainable future; in an entrepreneurial setting that is unlikely to be found in big corporations. This is immensely stimulating and rewarding; and no day without new things!"

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<td style="height: 19.5938px;"><a href="https://cdn.buttercms.com/SORpeLZQ26fG9okGDYhx" title="Career opportunity: VP, Process Development at Aduro" rel="follow noopener" target="_blank">VP, Process Development</a></td>
<td style="height: 19.5938px;">London, ON or Sarnia ON</td>
<td style="height: 19.5938px;"><a href="https://cdn.buttercms.com/SORpeLZQ26fG9okGDYhx" title="Career Opportunity: VP, Process Development at Aduro" rel="follow noopener" target="_blank" class="main-btn btn-hover">View Opportunity</a></td>
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<h3>Can't find your position?</h3>
</td>
<td>We're always looking for people to join our growing team. Contact us with your CV and tell us how you would be a great fit!</td>
<td></td>
<td><a href="mailto:careers@adurocleantech.com" title="Career Opportunity: VP, Process Development at Aduro" rel="follow noopener" target="_blank" class="main-btn btn-hover">Contact Us</a></td>
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Career Opportunities

<h2>With Aduro Clean Technologies we can build a cleaner and prosperous future together ensuring that our children and grandchildren inherit a world they can thrive in and cherish.</h2>

A large island as a silhouette with the sun behind reflecting on a body of water 

Between internal inspiration and external expertise, there is transformation towards a better future

Our Values

Safety

Innovation & Imagination

Passion

Collaboration

Scientific Excellence

Respect

Trevor Morris

Operations Manager

Stefanie Steenhuis

Head of Brand & Marketing

Eric Appelman

Chief Revenue Officer

Career Opportunities

Can't find your position?

With Aduro Clean Technologies we can build a cleaner and prosperous future together ensuring that our children and grandchildren inherit a world they can thrive in and cherish.