SusGlobal Energy Corp. Reports Fourth Quarter and Full Year 2020 Financial Results

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On November 24, 2020, the Company received a Certificate of Registration from the United States Patent and Trademark Office ("USPTO") for the trademark EARTH'S JOURNEY® and the trademark CARING FOR EARTH'S JOURNEY® (the "Marks"). The Marks were registered under Registration Number 6,197,171 and Registration Number 6,195,955 on November 10, 2020 on the Supplemental Register. The registrations will be in effect for an initial term of ten years, expiring on November 10, 2030, with the option of renewing the registrations for successive ten-year terms. Now that the Marks are registered, it is permitted to use indicia of registration (e.g., ®, or phrases such as "Reg. U.S. Pat. and T.M. Office").

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On January 19 and January 20 of 2021, the Company signed payoff agreements for all its outstanding convertible notes totaling US$1.52 Million. Certain notes were paid from proceeds of a loan and a direct equity investment from Travellers International Inc., a company controlled by the Company's Executive Chairman, President, and CEO.

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On February 1, 2021, the Company completed the Ydro Process® integration into the Company's proprietary Organic Waste Processing and Composting Facility at its wholly-owned subsidiary SusGlobal Energy Belleville Ltd. ("SusGlobal Bellville"). TradeWorks Environmental's Ydro Process®, a biotechnology used in composting applications to improve and advance the overall performance and efficiency of the system, was integrated into the existing SusGlobal Belleville operations by applying the Ydro Series® Microorganisms product during the preparation stage of the batches in the appropriate Gore® system windrows.

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On February 10, 2021, the Company signed an Agreement of Purchase and Sale (the "APS") for certain assets located in Hamilton, Ontario, for $3,534,300 (C$4,500,000). A deposit of $157,080 (C$200,000) was paid by the Company on February 10, 2021. The APS is expected to close on June 4, 2021, subject to successful completion of the due diligence process and the completion of the Phase II Environmental Site Assessment at a cost of $39,113 (C$49,800), plus applicable harmonized sales taxes, expected on or before May 19, 2021.

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On March 4, 2021, the Company signed a Capital Market Advisory Agreement (the "Agreement") with Exchange Listing, LLC ("Exchange Listing") to provide advisory services with respect to the Company's initiative to list its shares of Common Stock on the Nasdaq Capital Market. Exchange Listing provides companies with cost-effective and efficient direct access to one-stop solutions in the strategic planning and implementation of listing on senior exchanges such as NASDAQ or NYSE. Focusing on company-specific structuring to meet listing requirements, Exchange Listing serves as the primary point of contact with the exchange, investment bankers, and lawyers throughout the listing process. With extensive experience in investment banking, securities law, corporate governance, and business management, Exchange Listing and its strategic partners facilitate its clients' listing and capital markets objectives.

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On April 8, 2021, the Company took delivery of an International Prostar Truck and a Trout River Steel Hy-Cube, 53ft with 125.5 cubic yard capacity hauling Trailer for a total purchase price of $193,775 (C$246,722). The Truck and Trailer are being used predominately for the transportation, reprocessing, and beneficial use of mid-sized compost screenings from the Region of Peel Purchase Order received November 20, 2020 and to backhaul compost to customers.

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Revenue of $432,263.

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Cost of sales of $605,998.

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Operating expenses of $512,934 comprised of $297,381 of interest expenses, $90,134 of professional fees, $56,571 of stock-based compensation, $54,125 of office and administration, $52,930 of management compensation, $30,665 of rent and occupancy, offset by a reduction of other expenses of $68,872, primarily foreign exchange income and director compensation.

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Net loss of $504,807, or $0.01 loss per share- basic and diluted.

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Adjusted EBITDA (a non-GAAP financial measure) income of $4,689.

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$5,758,303 in total assets at the end of the year, with total liabilities of $10,519,253.