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Cielo Press

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Cielo Corporate Update

Cielo announces cancellation of interim agreement with Northcore
2013-10-10

SURREY, British Columbia, Canada
October 10, 2013
CNSX:CMC

Cielo Waste Solutions Corp. ("Cielo" or the "Company") announces that is has canceled the interim agreement with Northcore Technologies Inc. (TSX: NTI; OTCBB: NTLNF).

Previously announced on June 12, 2013, CMC and NTI were to enter into an agreement to purchase certain assets that include the Blue Horizon Bio-Diesel Renewable Fuel demonstration plant and related intellectual property (the "Bio-Diesel Assets"), as this was considered a change of business according to the TSXV Policy 5.2 the company would be halted until the conditions were to be met in Policy 5.2 as well as NTI would be required to meet the initial listing requirements of the TSXV upon completion of the transaction. Cielo and NTI are not proceeding with the agreement and Don Allan has resigned as President & CEO of NTI to focus on his role of President & CEO of Cielo.

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


On Behalf of the Board of Directors
"Don Allan"
Chief Executive Officer
Tel: 403.348.2972 Ext. 224
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.

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