Calgary, Alberta-- (Newsfile Corp. - January 27, 2026) - PlasCred Circular Innovations Inc. PLAS (FSE: XV2) (the "Company" or "PlasCred"), an Alberta-based company developing an advanced plastic recycling facility, is pleased to announce an update on its progress under the Alberta Government sponsored Alberta Innovates program for its first commercial scale facility, and also a financing update. As previously announced on April 8, 2025, PlasCred was awarded approximately CAD $500,000 in funding from Alberta Innovates to support activities associated with the Company's first commercial-scale facility

The scope of work under the Alberta Innovates funding will focus on confirming key engineering and operating inputs required for commercial deployment, including validation of reactor performance assumptions, operating parameter ranges, and process behavior across representative mixed plastic waste streams. The outcomes from this funding initiative are intended to reduce the execution and scale-up risk for the Neos facility and support final engineering, procurement planning, and construction readiness. The results therefrom have been integrated into the Company's Neos commercial facility design and deployment planning. "This work strengthens our confidence as we advance Neos towards construction," said Troy Lupul, President and CEO of PlasCred. "The Alberta Innovates project supported execution activities that move Neos a step further towards construction. In conjunction with th