Anaergia Announces Auditor Transition

BURLINGTON, Ontario–(BUSINESS WIRE)–Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) announced today that KPMG LLP (“KPMG”) has elected to voluntarily resign as external auditor of the Company upon completion of its review of the Company’s unaudited condensed consolidated interim financial statements for the three months ended March 31, 2023.

The Company confirms that there were no modified opinions in KPMG’s audit reports for the Company nor any “reportable events” (as the term is defined in National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”)) in connection with the audit by KPMG of the Company’s two most recently completed financial years or any subsequent period. The Company’s board of directors and audit committee will approve the appointment of the successor auditor, once selected (the “Successor Auditor”). The Company has been informed that KPMG will fulfill all of its professional obligations and co-operate in the facilitation of an orderly transition to the Successor Auditor. In accordance with NI 51-102, the Company will file a change of auditor notice and associated documentation on SEDAR.

About Anaergia

Anaergia was created to eliminate a major source of greenhouse gases by cost effectively turning organic waste into renewable natural gas (RNG), fertilizer and water, using proprietary technologies. With a proven track record from delivering world-leading projects on four continents, Anaergia is uniquely positioned to provide end-to-end solutions for extracting organics from waste, implementing high efficiency anaerobic digestion, upgrading biogas, producing fertilizer and cleaning water. Our customers are in the municipal solid waste, municipal wastewater, agriculture, and food processing industries. In each of these markets Anaergia has built many successful plants including some of the largest in the world. Anaergia owns and operates some of the plants it builds, and it also operates plants that are owned by its customers.

Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable securities legislation, which reflects the Company’s current expectations regarding future events, including statements relating to the timing of the resignation of KPMG LLP and the Company’s external auditor, the Company’s appointment of a successor auditor and regulatory filings to be made in connection with the foregoing. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Company’s annual information form dated April 10, 2023 for the fiscal year ended December 31, 2022. Actual results could differ materially from those projected herein. Anaergia does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws.

For more information, please see: www.anaergia.com

Contacts

For media relations, please contact: Melissa Bailey, Director, Marketing & Corporate Communications, Melissa.Bailey@Anaergia.com

For investor relations, please contact: IR@Anaergia.com