PlasCred Circular Innovations Inc. Announces Closing of Second Tranche of Upsized Non-Brokered Private Placement Under Listed Issuer Financing Exemption

Calgary, Alberta--(Newsfile Corp. - May 21, 2026) - PlasCred Circular Innovations Inc. (CSE: PLAS) (FSE: XV2) ("PlasCred" or the "Company") is pleased to announce that, as a result of strong investor demand, it has closed the second tranche (the "Second Tranche") of its previously announced upsized non-brokered $7,000,000 private placement (the "Offering"), issuing 9,746,000 units of the Company (each, a "Unit") at a price of $0.17 per Unit for aggregate gross proceeds of $$1,656,820, pursuant to the listed issuer financing exemption of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"). Proceeds from the Offering will be used to advance development of the Company's advanced plastic recycling commercial facility ("Neos"), to be located at CN Rail's Scotford Yard in Alberta's Industrial Heartland, including detailed engineering, permitting, procurement of long-lead equipment, and also for general working capital.