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BluMetric Announces Director Changes and Stock Option Grants

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Ottawa, Ontario--(Newsfile Corp. - March 23, 2022) - BluMetric Environmental Inc. (TSXV: BLM), announces that Jeffrey W. Talley, Ian Mor Macdonald, Ian Murray Macdonald, Scott MacFabe and Wanda Richardson were elected to BluMetric's Board of Directors at its fiscal 2021 Annual and Special Meeting of Shareholders held March 23, 2022. We thank Geoff Simonett for his years of service on the Board. Geoff Simonett did not stand for re-election to the Board this year. Wanda Richardson is a new director and is subject to TSX Venture approval.

Wanda Richardson, MAES, MCIP holds a Masters in Environmental Planning and is currently an independent business development advisor to private firms. She previously held the position of Vice President Federal Services with AECOM Canada where she served on the Canadian Executive. She successfully developed and led the Federal infrastructure and indigenous portfolios in Canada achieving exponential growth year over year. Wanda has also held senior leadership positions at Hatch, the University of Waterloo and Region of Waterloo. She has specific success in partnership development leveraging the capital and expertise of the private sector to achieve public outcomes. She is a certified professional planner, member of the Canadian Institute of Planners (MCIP) and is an active mentor of students, women and young professionals. She is currently a Board Director with Soroptimist Foundation of Canada and Monica Place. Previously she was Board Director with the Transportation Association of Canada and Chair of the Urban Transportation Council.

BluMetric also announces the appointment of Dr. Jeffrey W. Talley as Chair of its Board of Directors. He has been an independent Director since March 27, 2019. During this time, he has served as Chair of the Human Resources and Governance Committee and a member of the Audit Committee.

Pursuant to the Company's Board compensation policy, BluMetric has granted options of 30,000 common shares to Dr. Talley, who is entering his fourth year of service. These options are granted effective March 23, 2022, vest over one year and are exercisable into common shares of BluMetric at a price of $0.60 per share for a period of five years.

Also pursuant to the Company's Board compensation policy, it has granted options of 90,000 common shares to its newly appointed board member, Wanda Richardson. These options vest over three years and are exercisable into common shares of BluMetric at a price of $0.60 per share for a period of five years.

About BluMetric Environmental Inc.

BluMetric Environmental Inc. is a publicly traded environmental consulting and engineering company with expertise across professional and trade disciplines and technologies that allow for the design, fabrication and delivery of sustainable solutions to environmental and water challenges. BluMetric has more than 160 employees operating in ten offices and over 40 years of expertise. Headquartered in Ottawa, Ontario, BluMetric's team of industry experts serves Commercial and Industrial, Military, Mining and Government clients in Canada and the United States.

For more information, visit www.blumetric.ca or please contact:

Scott MacFabe, CEO
BluMetric Environmental Inc.
Tel: 613.839.3053
Email: smacfabe@blumetric.ca

Vivian Karaiskos, CFO
BluMetric Environmental Inc.
Tel: 613.839.3053
Email: vkaraiskos@blumetric.ca

Forward-Looking Statements

Some of the statements in this press release, including those relating to the Company's quarterly and annual results, future products, opportunities and cost initiatives, strategies, and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates, and projections regarding future events. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at www.sedar.com. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117910

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