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Shareholder Update (February 22, 2023)

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This Shareholder Update covers CGE's annual shareholder meeting scheduled for March 3, 2023 and CGE's ceasing to support the OTC Pink market.

Chief Operating Officer Mark A. Cecil Joins CGE Energy Executive Team

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CGE Energy (OTCPink:CGEI), the leading engineer of no capital cost energy solutions, today announced the appointment of Mark A. Cecil to the role of Chief Operating Officer. With extensive leadership and management experience spanning nearly three decades, Cecil brings valuable leadership to CGE’s executive team during a period of rapid growth. As CGE’s COO, Cecil will direct operations, develop strategic plans and execute corporate initiatives.

Cecil’s appointment to this position is timely, as CGE is undergoing a certified audit of their fiscal year ending September 30, 2018. This lays the groundwork for taking in growth capital and exchange up-list.

Prior to joining CGE, Cecil was responsible for strategic planning, performance reporting and field technology for Washington National Insurance Company, a subsidiary of CNO Financial Group. Previously, Cecil has also served as a CPA at PricewaterhouseCoopers LLP and Director of Internal Audit for Janus Capital Group. Cecil has shown a proven ability to deliver results that used strategic planning, risk management, accounting, financial analysis, and auditing to drive sustainable growth.

“It’s a pleasure joining the CGE team. I look forward to furthering the company’s success and improving what’s already an outstanding, high-performing energy company,” said Cecil, “I am incredibly energized to help lead the company into its next phase of innovation tied with operational excellence.”

In addition to his experience at Washington National, Janus and PWC, Cecil served 20 years in the United States Navy and Navy Reserve before retiring from service in 2005 with the rank of Commander. He holds a Bachelor’s degree in Marketing from Missouri State University and earned both a M.B.A. degree and an M.S. in Accounting from the University of Missouri – Kansas City.

“We are thrilled to have a steady hand at the operational helm as we continue to broaden our customer base. Mark is a seasoned and trusted leader who is uniquely qualified to drive strategic prioritization and accountability within CGE Energy,” says CGE Energy President/CEO Bryan Zaplitny, “I have tremendous confidence in Mark’s ability to align CGE’s vision with industry-leading operational practices.”

About CGE Energy Inc.

CGE Energy, Inc. makes it easy for businesses, local governments, and non-profits to receive the benefits of sustainable energy projects with no upfront cost. CGE hand-selects the very best facilities to partner with and turns their wasted energy into immediate and continuous savings for the customer. By uniquely selling sustainability-as-a-service, CGE’s proprietary Sustain business model delivers an exclusive combination of today’s best energy efficiency and sustainable energy generation technologies, including CGE’s exclusive WIND•e20® wind turbine.

Forward-Looking Statements

This release may contain “forward-looking statements” that are within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by certain words or phrases such as “may”, “will”, “aim”, “will likely result”, “believe”, “expect”, “will continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, “seek to”, “future”, “objective”, “goal”, “project”, “should”, “will pursue” and similar expressions or variations of such expressions. These forward-looking statements reflect the Company’s current expectations about its future plans and performance. All forward-looking statements included in this release are based on information available to us on the date hereof and speak only as of the date hereof. We undertake no obligation to update or revise publicly any forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements.

Investor Relations Contact:

Andrew Barwicki

Barwicki Investor Relations, Inc.

Phone: 516-662-9461