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July 2019

PLAN Provides Shareholder Update

PLAN Provides Shareholder Update Progressive Planet Inc.

July 19, 2019, VANCOUVER, B.C. – PROGRESSIVE PLANET SOLUTIONS INC. (PLAN-TSX:V) (“PLAN” or the “Company”) is pleased to present a corporate update on the company’s activities.

Zeolite

Our corporate focus has been in developing markets for zeolite extracted from the Z-1 Quarry located in Cache Creek. This focus is consistent with the recently announced divesture by Progressive Planet of its last remaining lithium interest which was announced on July 11, 2019.

When we last issued a shareholder update on February 7, 2019, we announced that our focus for 2019 would be on monetizing zeolite. Since that time, we have made progress in developing commercial markets as follows:

Selling Zeolite into the Cannabis Industry

Since the beginning of our new fiscal year on May 1, 2019, PLAN has made repeat sales to a publicly traded licensed producer of cannabis, which uses Z1 Zeolite as part of its denaturing process for residual cannabis waste per provincial regulatory disposal requirements. At the time of our last shareholder update, this was not identified as a key market.

We have also sent out samples to other companies in the cannabis sector and are receiving interest in the supply of bulk zeolite to various additional companies. We have made additional investment in processing equipment to enable us to supply larger quantities of product to the cannabis industry.

In addition to receiving repeat orders for zeolite from the cannabis industry, we have received a repeat order for glacial moraine rock dust from a customer in July 2019.

Producing our own Supplementary Cementing Materials (SCM)_
In our shareholder update of February 7, 2019, PLAN announced that samples of our zeolite were taken by an arm’s length BC company owned by engineers with significant experience in the cement industry. These samples were pulverized and tested for their compressive strength in cement mortar using the ASTM C311 Strength Activity Index Test Protocol. Tests concluded that our zeolite had superior strength versus commercially available fly ash (Class F SCM).

This same BC company continues to test the Z1 Zeolite for use as a natural pozzolan with a goal of replacing fly ash for use in commercial concrete. Results for testing under ASTM C441 Alkali Reactivity Mortar Bar Expansion were received in late June 2019. The CSA A3000 maximum for this expansion is 0.10% at 14-days and the Z1 test result showed 0.002% expansion at 14-days. In addition, this same company completed multiple strength activity index tests against ASTM C311 in May 2019 and all tests met the optional requirement of CSA A3000 (>75% strength activity index).

Research Partnerships

PLAN is currently working with a western Canadian university whereby PLAN will be the corporate sponsor of a research project subject to the successful receipt of a grant by the university under a well-known federal government research assistance program. The research program relates to creating low carbon footprint cementitious materials and will be directed by a professor who is a post-doctoral engineer with over 20 years in concrete research including multiple published papers. The results of this funding application are expected before the end of 2019.

Other Matters

As we are making the transition from exploration to exploration plus development of our Z1 Zeolite Quarry, we are adding staff. PLAN announces the grant of up to 200,000 options that will be granted to two employees, exercisable at a price of $0.05 for a period of two years from the date of grant. The options have been granted in accordance with the Company’s stock option plan.

On November 22, 2018, PLAN announced the appointment of Mr. Reni Proznick to our advisory board with a specific role of advising the CEO on matters relating to the product development work that PLAN was undergoing on battery materials. With the recently announced divestiture of this IP, PLAN has accepted the resignation of Mr. Proznick from the Advisory Board. “I would like to take this opportunity to thank Reni for the hundreds of hours he spent assisting PLAN including travel to Alberta and many hours spent in optimizing equipment for processing zeolite. We will miss Reni and wanted to publicly acknowledge the generous contributions he made,” stated Steve Harpur, CEO.

As an exploration company, PLAN regularly evaluates other mineral properties which it feels could compliment its focus on industrial mineral development.

Progressive Planet is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in British Columbia, and a 100% interest in the Buckingham Graphite Project in Quebec. Progressive Planet is committed to using mineral resources to provide solutions for a livable planet.

ON BEHALF OF THE BOARD
Signed “Stephen Harpur”
Stephen Harpur, CPA, CGA, CEO

For further information or investor relations inquiries, please contact us:

1-800-910-3072
[email protected]
www.progressiveplanet.ca

Forward-Looking Statements:
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.

Progressive Planet Divests of Lithium IP

Progressive Planet Divests of Lithium IP 150 150 Progressive Planet Inc.

JULY 11, 2019 – VANCOUVER, B.C. – PROGRESSIVE PLANET SOLUTIONS INC. (PLAN: TSX-V) (“Progressive Planet” or the “Company”) announces that it has sold its interest in early stage intellectual property relating to sulfur lithium battery research to SuperCap Technologies Corp. (SuperCap).

 

The selling price was $97,500 and includes a 2% royalty on any resulting sales made by SuperCap if they are successful in commercializing this intellectual property. The selling price enables Progressive Planet to recoup its first-year financial expenditures on the project, while also providing potential upside through the royalty agreement, without any additional investment by the Company.

 

Since the technology is not yet proven on a commercial basis, Progressive Planet was faced with two more years of financial commitments to InnoTech Alberta, the entity completing the research. The research is currently early stage and additional capital would have been required to commercialize and protect this intellectual property on top of the financial commitments to InnoTech Alberta.

 

The sale represents the divesture by Progressive Planet of its last remaining lithium interest, and reflects the Company’s continued focus on its zeolite operations. In addition, Progressive Planet informs that it has completed the sale of its interest in the Thompson Brothers Lithium Property previously reported in November 2018, in consideration for 10,500,000 shares of Snow Lake Resources. As a result, the Company no longer owns any direct interest in lithium properties.

 

SuperCap Technologies is owned by Mr. David Richardson, who owns approximately 16% of the shares of Progressive Planet making this a related party transaction.  The transaction remains subject to the Company receiving any necessary approvals from the TSX Venture Exchange.

 

Progressive Planet is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in British Columbia, and a 100% interest in the Buckingham Graphite Project in Quebec. Progressive Planet is committed to using mineral resources to provide solutions for a livable planet.

 

ON BEHALF OF THE BOARD

Signed “Stephen Harpur”

Stephen Harpur, CPA, CGA

CEO

 

 

For further information or investor relations inquiries, please contact us:

 

1-800-910-3072

[email protected]

www.progressiveplanet.ca

 

 

Forward-Looking Statements:

Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Progressive Planet Solutions Inc. Actual results may differ materially from those currently anticipated in such statements. 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.

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