SECURE ANNOUNCES 2025 SECOND QUARTER RESULTS

• Recorded Q2 2025 Adjusted EBITDA of $110 million ($0.49/basic share)
• Achieved a 12% year-over-year increase in Adjusted EBITDA per share for the six months ended June 30, 2025
• Maintaining our full-year 2025 Adjusted EBITDA guidance of $510 - $540 million
• Repurchased 7% of total common shares outstanding year to date

CALGARY, AB, July 29, 2025 /CNW/ - SECURE Waste Infrastructure Corp. ("SECURE" or the "Corporation") (TSX: SES), a leading waste management and energy infrastructure company, reported today its operational and financial results for the three and six months ended June 30, 2025.

"Our second quarter results were in line with expectations and reflected the typical seasonal impacts of spring break-up," said Allen Gransch, President and CEO. "Despite these seasonal effects, as well as macroeconomic challenges, including active forest fires, and ongoing pressure in the ferrous metals market linked to U.S. tariffs and broader recessionary concerns, our infrastructure-backed business model continues to demonstrate strength. We are maintaining our full-year 2025 Adjusted EBITDA guidance of $510 to $540 million, supported by higher volumes and pricing, contributions from organic growth projects, and long-term industry fundamentals."

"Our core infrastructure network continues to benefit from steady industrial and production-related waste volumes. In the metals recycling segment, we are actively managing through a complex set of global pressures, including soft demand, foreign steel oversupply, and evolving trade dynamics—most notably U.S. tariffs impacting Canadian steel mills. While metals recycling represents only approximately 10% of our total business, we are taking disciplined and proactive steps, including utilizing our rail fleet to redirect ferrous volumes to U.S. markets where scrap remains exempt from tariffs, pivoting toward non-ferrous volumes with stronger fundamentals, optimizing costs, and selectively holding ferrous inventory in anticipation of a recovery. Backed by a strong balance sheet, agile commercial strategies, and deep supplier relationships, we believe that we are well positioned to capture value as market conditions normalize.

"We remain committed to disciplined capital allocation and returning capital to shareholders. Year to date, we have returned $286 million through share repurchases and dividends—reflecting our confidence in the stability of our business and the strength of our financial position. These actions have contributed significantly to growth in our per-share metrics, including a 12% increase in Adjusted EBITDA per share in the first half of 2025 compared to 2024. At the same time, we are advancing our 2025 capital program, with key waste infrastructure projects expected to deliver meaningful EBITDA contributions in 2026. This balanced approach enables us to drive both near-term shareholder returns and long-term value creation."

SECOND QUARTER HIGHLIGHTS

• Generated revenue (excluding oil purchase and resale) of $353 million, up 5% from Q2 2024, primarily driven by contributions from the Edmonton-based metals recycling business acquired on January 31, 2025.
• Recorded net income of $31 million ($0.14 per basic share), relatively flat from Q2 2024 on an absolute basis, and up 17% on a per share basis due to the share buybacks over the past year reducing the weighted average shares outstanding in the quarter by 15%.
• Recorded Adjusted EBITDA¹ of $110 million ($0.49 per basic share¹), representing a 4% year-over-year decrease (14% increase on a per share basis) primarily due to seasonal softness, active forest fires and near-term volatility in the metals recycling segment from U.S. steel tariffs, partially offset by higher pricing and volume stability across our network. In addition, the prior year results benefited from storage opportunities in Energy Infrastructure relating to the opening of the Trans Mountain pipeline expansion.
• Repurchased approximately 9.4 million common shares at $14.50 per share for $136 million under the Corporation's Substantial Issuer Bid ("SIB"). Also repurchased approximately 1.7 million common shares under the Corporation's Normal Course Issuer Bid ("NCIB") for $25 million. Year-to-date share repurchases under the SIB and NCIB totaled approximately 16.3 million common shares for $241 million. In total, the Corporation has repurchased 7% of its issued and outstanding shares to date in 2025.
• Declared and paid a quarterly dividend of $0.10 per common share, consistent with our capital allocation strategy and representing a yield of 2.4% on our current share price.
• Incurred $14 million of growth capital expenditures ($43 million year to date) directed towards advancing construction of the produced water processing and disposal facility, including pipeline infrastructure, in the Alberta Montney region to accommodate growing producer volumes and progressing the upgrades required to reopen a suspended industrial waste processing facility located in Alberta's Industrial Heartland to meet local demand.
• Increased and extended our Revolving Credit Facility to $900 million with a maturity date in May 2028, enhancing our financial flexibility.

⁽¹⁾ Non-GAAP financial measure or Non-GAAP ratio. Refer to the "Non-GAAP and other specified financial measures" section herein.

OUTLOOK

Looking ahead to the remainder of 2025, our customers continue to approach the current environment with caution, emphasizing discipline, and operational efficiency. Ongoing macroeconomic volatility continues to persist, with the recent decline in commodity prices, recessionary concerns, and trade-related disruptions in our metals recycling business stemming from evolving U.S. tariff dynamics with Canada and other countries. 

We continue to actively manage near-term volatility in the metals recycling segment, particularly within the ferrous market, which remains challenged in Canada with a 50% tariff on steel sold into the U.S. This is further complicated by soft global demand, foreign steel oversupply, and uncertainty around North American trade policy. While our metals recycling business represents approximately 10% of our total operations, we have implemented targeted strategies—including redirection of scrap volumes to the U.S. (to which tariffs do not currently apply), dynamic feedstock pricing, selective purchasing, and a shift toward non-ferrous volumes—to protect margin performance and position the business for recovery. These efforts are on-going and we anticipate any impacts in the short term will likely be recovered in future months as we redirect volumes into the U.S. Based on the above, we remain cautious but are maintaining the following for the remainder of 2025:

• Adjusted EBITDA: $510 million to $540 million;
• Discretionary Free Cash Flow: $270 million to $300 million;
• Organic Growth Capital: Approximately $125 million, over 70% of which is directed toward long-cycle, contracted infrastructure investments that deliver stable, recurring cash flows. The 2025 spend includes:
  • Phase 3 expansion of the Clearwater heavy oil terminal and gathering infrastructure for incremental clean heavy oil delivery, including adding treating capabilities for trucked-in emulsion volumes backed by anchor tenants. The expansion was completed and operational in the first quarter of 2025, with the terminal now having total capacity of 75,000 barrels per day.
  • Two produced water processing and disposal facilities that include pipeline infrastructure in the Alberta Montney region to accommodate growing producer volumes. The new facilities are both backed by 10-year produced water contracts with large reputable counterparties.  These facilities are expected to be operational in the fourth quarter of 2025, and the first quarter of 2026, respectively.
  • Reopening a suspended industrial waste processing facility located in Alberta's Industrial Heartland to meet local demand.
  • Purchasing incremental rail cars, bringing SECURE's fleet to approximately 200 rail cars, and increasing the efficiency of our metals recycling logistics and distribution operations.
  • Optimizing our waste infrastructure network to debottleneck, increase throughput, achieve cost savings, and drive higher Adjusted EBITDA from same store sales.
• Sustaining capital: $85 million; and
• Asset retirement obligation spend: $15 million

SECURE believes its strong balance sheet and robust projected cash flows provide the Corporation with the flexibility to execute on its capital allocation priorities, including:

• Advancing high-return organic projects;
• Maintaining our quarterly dividend of $0.10 per share ($0.40 annualized), equal to approximately $88 million annualized based on current shares outstanding;
• Opportunistic share repurchases through the NCIB, which provides a flexible way to return capital to shareholders at the discretion of management and the Board of Directors. Management and the Board of Directors continue to believe the intrinsic value of the Corporation is higher than where the shares currently trade and views buybacks as an attractive use of capital; and
• Maintaining a strong balance sheet. At June 30, 2025, the Corporation had a Total Debt to EBITDA covenant ratio² of 2.1x, or 1.8x excluding leases.

Looking beyond 2025, we remain highly confident in the long-term fundamentals that underpin our business. Canadian oil and gas production continues to exhibit resilience and steady growth. The Trans Mountain Expansion has improved access to global markets, and future egress projects offer further flexibility and tighter differentials. LNG projects, including LNG Canada, are also unlocking natural gas takeaway and catalyzing upstream development. This production growth, coupled with enhanced egress, supports increased volumes of associated waste byproducts that require specialized infrastructure for processing, recovery, recycling, and disposal. With over 80 facilities across Western Canada and North Dakota, SECURE is well positioned to handle this growth. Our high-barrier asset network offers expansion capacity and stability across cycles. Evolving regulations, including mandated remediation spending, further support recurring volumes. Supported by these structural drivers, we expect to deliver consistent volume growth and robust EBITDA contributions from our organic capital program well into 2026 and beyond.

⁽²⁾  Calculated in accordance with the Corporation's credit facility agreements. Refer to the Q2 2025 Management's Discussion and Analysis ("MD&A").

SECOND QUARTER 2025 CONFERENCE CALL

SECURE will host a conference call on Tuesday, July 29, 2025, at 9:00 a.m. MST to discuss the second quarter results. To participate in the conference call, dial 437-900-0527 or toll free 1-888-510-2154. To access the simultaneous webcast, please visit www.secure.ca/financial-statements-and-events. For those unable to listen to the live call, a taped broadcast will be available at www.secure.ca and, until midnight MST on Tuesday, August 5, 2025, by dialing 1-888-660-6345 and using the pass code 60485#.

ABOUT SECURE

SECURE is a leading waste management and energy infrastructure business headquartered in Calgary, Alberta. The Corporation's extensive infrastructure network located throughout western Canada and North Dakota includes waste processing and transfer facilities, industrial landfills, metal recycling facilities, crude oil and water gathering pipelines, crude oil terminals and storage facilities. Through this infrastructure network, the Corporation carries out its principal business operations, including the collection, processing, recovery, recycling and disposal of waste streams generated by our energy and industrial customers and gathering, optimization, terminalling and storage of crude oil and natural gas liquids. The solutions the Corporation provides are designed not only to help reduce costs, but also lower emissions, increase safety, manage water, recycle by-products and protect the environment.

SECURE's shares trade under the symbol SES and are listed on the Toronto Stock Exchange.

NON-GAAP AND OTHER SPECIFIED FINANCIAL MEASURES

The Corporation uses accounting principles that are generally accepted in Canada (the issuer's "GAAP"), which includes International Financial Reporting Standards ("IFRS"). This news release contains certain measures that are considered "specified financial measures" (being either "non-GAAP financial measures", "non-GAAP ratios", "capital management measures" or "supplementary financial measures", as applicable) as defined in National Instrument 52-112 - Non-GAAP and Other Financial Measures Disclosures, including: Adjusted EBITDA and Discretionary Free Cash Flow (non-GAAP financial measures); Adjusted EBITDA per basic share, (non-GAAP ratio); and Total Debt (capital management measure); and funds flow from operations (supplementary financial measures) which do not have any standardized meaning as prescribed by IFRS. These measures are intended as a complement to results provided in accordance with IFRS. The Corporation believes these measures provide additional useful information to analysts, shareholders and other users to understand the Corporation's financial results, profitability, cost management, liquidity and ability to generate funds to finance its operations.

However, these measures should not be used as an alternative to IFRS measures because they are not standardized financial measures under IFRS and therefore might not be comparable to similar financial measures disclosed by other companies. See the "Non-GAAP and other specified financial measures" section of the Corporation's MD&A for the three and six months ended June 30, 2025 and 2024 for further details, which is incorporated by reference herein and available on SECURE's profile at www.sedarplus.ca  and on our website at www.secure.ca.

Adjusted EBITDA and Adjusted EBITDA per basic share

Adjusted EBITDA is calculated as noted in the table below and reflects items that the Corporation considers appropriate to adjust given the irregular nature and relevance to comparable operations. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue (excluding oil purchase and resale). Adjusted EBITDA per basic share is defined as Adjusted EBITDA divided by basic weighted average common shares. For the three and six months ended June 30, 2025 and 2024, transaction and related costs have been adjusted as they are costs outside the normal course of business. 

The following table reconciles the Corporation's net income, being the most directly comparable financial measure disclosed in the Corporation's financial statements, to Adjusted EBITDA for the three and six months ended June 30, 2025 and 2024.

	Three months ended June 30,			Six months ended June 30,
	2025	2024	% Change	2025	2024	% Change
Net income	31	32	(3)	69	454	(85)
Adjustments:
Depreciation, depletion and amortization ^(1)	46	41	12	91	86	6
Share-based compensation ^(2)	6	6	—	16	20	(20)
Transaction and related costs	1	2	(50)	5	2	150
Interest, accretion and finance costs	19	13	46	33	31	6
Gain on asset divestitures	—	—	—	—	(520)	(100)
Other (income) expense	(1)	1	(200)	(2)	15	(113)
Current tax expense	13	15	(13)	28	42	(33)
Deferred tax (recovery) expense	(2)	(4)	(50)	(5)	107	(105)
Unrealized (gain) loss on mark to market transactions ^(3)	(3)	8	(138)	(4)	9	(144)
Adjusted EBITDA	110	114	(4)	231	246	(6)
^(1) Included in cost of sales and/or general and administrative ("G&A") expenses on the Consolidated Statements of Comprehensive Income.
^(2)  Included in G&A expenses on the Consolidated Statements of Comprehensive Income
^(3) Includes amounts reported in revenue on the Consolidated Statements on Comprehensive Income.

Discretionary free cash flow 

Discretionary free cash flow is defined as funds flow from operations adjusted for sustaining capital expenditures, and lease payments. The Corporation may deduct or include additional items in its calculation of discretionary free cash flow that are unusual, non-recurring, or non-operating in nature. For the three and six months ended June 30, 2025 and 2024, transaction and related costs have been adjusted as they are costs outside the normal course of business. 

The following table reconciles the Corporation's funds flow from operations, being the most directly comparable financial measure disclosed in the Corporation's financial statements, to discretionary free cash flow.

	Three months ended June 30,			Six months ended June 30,
	2025	2024	% Change	2025	2024	% Change
Funds flow from operations	83	91	(9)	164	199	(18)
Adjustments:
Sustaining capital ^(1)	(24)	(32)	(25)	(35)	(40)	(13)
Lease liability principal payments	(6)	(8)	(25)	(13)	(15)	(13)
Transaction and related costs	1	2	(50)	5	2	150
Discretionary free cash flow	54	53	2	121	146	(17)

⁽¹⁾ The Corporation classifies capital expenditures as either growth, acquisition or sustaining capital. Refer to "Operational Definitions" in the MD&A for further information.

FINANCIAL STATEMENTS AND MD&A

The Corporation's consolidated financial statements and notes thereto and MD&A for the three and six months ended June 30, 2025 and 2024 are available on SECURE's website at www.secure.ca and on SEDAR+ at www.sedarplus.ca.

FORWARD-LOOKING STATEMENTS

Certain statements contained or incorporated by reference in this press release constitute "forward-looking statements and/or "forward-looking information" within the meaning of applicable securities laws (collectively referred to as "forward-looking statements"). When used in this press release, the words "achieve", "advance", "anticipate", "believe", "can be", "capacity", "commit", "continue", "could", "deliver", "drive", "enhance", "ensure", "estimate", "execute", "expect", "focus", "forecast", "forward", "future", "goal", "grow", "integrate", "intend", "may", "maintain", "objective", "ongoing", "opportunity", "outlook", "plan", "position", "potential", "prioritize", "realize", "remain", "result", "seek", "should", "strategy", "target" "will", "would" and similar expressions, as they relate to SECURE, its management are intended to identify forward-looking statements. Such statements reflect the current views of SECURE and speak only as of the date of this press release.

In particular, this press release contains or implies forward-looking statements pertaining but not limited to: SECURE's 2025 guidance, including with respect to Adjusted EBITDA, planned capital expenditures and growth projects (including for organic growth capital, sustaining capital and asset retirement obligations), and projected discretionary free cash flow; anticipated timing with respect to SECURE's new produced water processing facilities; SECURE's expectations and priorities for 2025 and beyond and its ability and position to achieve such priorities; SECURE's business plans, objectives, goals, targets, priorities and strategies; SECURE's expectation to capture value as market conditions normalize; the impact of the steps being taken by SECURE to protect the business against the near-term volatility in the metals recycling segment; SECURE's expectations related to economic drivers and the corresponding demand for its services; expectations and uncertainty with respect to the economy, evolving economic conditions and the industrial landscape in North America; seasonal weather patterns, including forest fires, and the resulting variations in energy industry activity and the impacts thereof on SECURE's operating results, working capital requirements and the accessibility of SECURE's facilities; the Corporation's expectation that its strong balance sheet and projected cashflows will provide SECURE with the flexibility to execute on its capital allocation priorities; expectations with respect to the benefits to be achieved and realized from the acquisition of the metals recycling business; SECURE's expectation to continue to deliver industry leading margins, and a stable cash flow profile underpinned by recurring volumes driven by industrial waste, metals, and energy markets; SECURE's dividend policy, and the declaration, timing and amount of dividends thereunder; statements concerning shareholder returns and the NCIB, including the duration of the NCIB, the number of common shares which may be purchased under the NCIB, the timing, amount and price of purchases of common shares under the NCIB; and other statements.

Forward-looking statements are based on certain assumptions that SECURE has made in respect thereof as at the date of this press release regarding, among other things: SECURE's 2025 expectations; economic and operating conditions, including commodity prices, crude oil and natural gas storage levels, interest rates, exchange rates, and inflation; ability to enter into signing agreements with customers to backstop the investments and acquisition opportunities present; continued demand for the Corporation's infrastructure services and activity linked to long-term and recurring projects; the expectation with respect to the commercial agreements entered into by SECURE for water disposal services in the Montney resource play and the benefits derived therefrom; the changes in market activity and growth will be consistent with industry activity in Canada and the U.S. and growth levels in similar phases of previous economic cycles; expectations and responses of SECURE's customers in response to economic concerns and instability; infrastructure developments in western Canada; increased capacity and stronger pricing with access to global markets through new infrastructure; the impact of any new pandemic or epidemic and other international or geopolitical events, including government responses related thereto and their impact on global energy pricing, oil and gas industry exploration and development activity levels and production volumes; anticipated sources of funding being available to SECURE on terms favourable to SECURE; the success of the Corporation's operations and growth projects; the impact of seasonal weather patterns; the Corporation's competitive position, operating, acquisition and sustaining costs remaining substantially unchanged; the Corporation's ability to attract and retain customers; that counterparties comply with contracts in a timely manner; current commodity prices, forecast taxable income, existing tax pools and planned capital expenditures; that counterparties comply with contracts in a timely manner; that there are no unforeseen events preventing the performance of contracts or the completion and operation of the relevant facilities; that there are no unforeseen material costs in relation to the Corporation's facilities and operations; that prevailing regulatory, tax and environmental laws and regulations apply or are introduced as expected, and the timing of such introduction; increases to the Corporation's share price and market capitalization over the long term; disparity between the Corporation's share price and the fundamental value of the business; the Corporation's ability to repay debt and return capital to shareholders; credit ratings; the Corporation's ability to obtain and retain qualified personnel (including those with specialized skills and knowledge), technology and equipment in a timely and cost-efficient manner; the Corporation's ability to access capital and insurance; operating and borrowing costs, including costs associated with the acquisition and maintenance of equipment and property; the ability of the Corporation and our subsidiaries to successfully market our services in western Canada and the U.S.; an increased focus on environmental, social and governance ("ESG"), sustainability and environmental considerations in the oil and gas industry; the impacts of climate-change on the Corporation's business; the current business environment remaining substantially unchanged; present and anticipated programs and expansion plans of other organizations operating in the energy service industry resulting in an increased demand for the Corporation's and our subsidiaries' services; future acquisition and maintenance costs; the Corporation's ability to achieve its ESG and sustainability targets and goals and the costs associated therewith; and other risks and uncertainties described in SECURE's Annual Information Form for the year ended December 31, 2024 ("AIF") and from time to time in filings made by SECURE with securities regulatory authorities.

Forward-looking statements involve significant known and unknown risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether such results will be achieved. Readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the results discussed in these forward-looking statements, including but not limited to: general global financial conditions, including general economic conditions in Canada and the U.S.; the effect of any tariffs currently imposed, including the delay or escalation of any such tariffs, or the implementation of any new or additional tariffs, surtaxes, export bans, or other restrictive trade measures or countermeasures affecting international trade, including between the U.S. and Canada; the effect of any pandemic or epidemic, inflation and international or geopolitical events and governmental responses thereto on economic conditions, commodity prices and the Corporation's business and operations; changes in the level of capital expenditures made by oil and natural gas producers and the resultant effect on demand for oilfield services during drilling and completion of oil and natural gas wells; volatility in market prices for oil and natural gas and the effect of this volatility on the demand for oilfield services generally; a transition to alternative energy sources; the Corporation's inability to retain customers; risks inherent in the energy industry, including physical climate-related impacts; the Corporation's ability to generate sufficient cash flow from operations to meet our current and future obligations; the seasonal nature of the oil and gas industry; increases in debt service charges including changes in the interest rates charged under the Corporation's current and future debt agreements; inflation and supply chain disruptions; the Corporation's ability to access external sources of debt and equity capital and insurance; disruptions to our operations resulting from events out of our control; the process, resources, cost, results, timing and impact of any litigation matters involving the Corporation, the Corporation's ability to successfully appeal adverse outcomes of such litigation, if any, and the timing, determination and recovery of amounts related to such litigation, including any appeals, as well as the Corporation's ability to collect any judgment ultimately awarded, if any, and the timing thereof; the timing and amount of stimulus packages and government grants relating to site rehabilitation programs; the cost of compliance with and changes in legislation and the regulatory and taxation environment, including uncertainties with respect to implementing binding targets for reductions of emissions and the regulation of hydraulic fracturing services and services relating to the transportation of dangerous goods; uncertainties in weather and temperature affecting the duration of the oilfield service periods and the activities that can be completed; ability to maintain and renew the Corporation's permits and licenses which are required for its operations; competition; impairment losses on physical assets; sourcing, pricing and availability of raw materials, consumables, component parts, equipment, suppliers, facilities, and skilled management, technical and field personnel; supply chain disruption; the Corporation's ability to effectively complete acquisition and divestiture transactions on acceptable terms or at all; failure to realize the benefits of acquisitions or dispositions and risks related to the associated business integration (including specifically with respect to the two strategic acquisitions in the metals recycling business); risks related to a new business mix and significant shareholder; liabilities and risks, including environmental liabilities and risks inherent in SECURE's operations; the Corporation's ability to invest in and integrate technological advances and match advances of our competition; the viability, economic or otherwise, of such technology; credit, commodity price and foreign currency risk to which the Corporation is exposed in the conduct of our business; compliance with the restrictive covenants in the Corporation's current and future debt agreements; the Corporation's or our customers' ability to perform their obligations under long-term contracts; misalignment with our partners and the operation of jointly owned assets; the Corporation's ability to source products and services on acceptable terms or at all; the Corporation's ability to retain key or qualified personnel, including those with specialized skills or knowledge; uncertainty relating to trade relations and associated supply disruptions; the effect of changes in government and actions taken by governments in jurisdictions in which the Corporation operates, including in the U.S.; the effect of climate change and related activism on our operations and ability to access capital and insurance; the effects of the introduction of greenwashing regulations in the jurisdictions in which we operate; cyber security and other related risks; the Corporation's ability to bid on new contracts and renew existing contracts; potential closure and post-closure costs associated with landfills operated by the Corporation; the Corporation's ability to protect our proprietary technology and our intellectual property rights; legal proceedings and regulatory actions to which the Corporation may become subject, including in connection with any claims for infringement of a third parties' intellectual property rights and the outcome of such proceedings and actions; third parties infringing on the intellectual property rights of the Corporation and the Corporation's ability to protect such rights, including the cost and outcome of such protection measures; the Corporation's ability to meet its ESG targets or goals and the costs associated therewith; claims by, and consultation with, Indigenous Peoples in connection with project approval; disclosure controls and internal controls over financial reporting; and other risk factors identified in the AIF and from time to time in filings made by the Corporation with securities regulatory authorities.

The guidance in respect of the Corporation's expectations of Adjusted EBITDA, capital expenditures (including organic growth capital, sustaining capital and ARO expenditures), and discretionary free cash flow in 2025 in this press release may be considered to be a financial outlook for the purposes of applicable Canadian securities laws. Such information is based on assumptions about future events, including economic conditions and proposed courses of action, based on management's assessment of the relevant information currently available, and which may become available in the future. These projections constitute forward-looking statements and are based on several material factors and assumptions set out above. Actual results may differ significantly from such projections. See above for a discussion of certain risks that could cause actual results to vary. The financial outlook contained in this press release has been approved by management as of the date of this press release. Readers are cautioned that any such financial outlook contained herein should not be used for purposes other than those for which it is disclosed herein. SECURE and its management believe that the financial outlook contained in this press release has been prepared based on assumptions that are reasonable in the circumstances, reflecting management's best estimates and judgments, and represents, to the best of management's knowledge and opinion, expected and targeted financial results. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results.

Although forward-looking statements contained in this press release are based upon what the Corporation believes are reasonable assumptions, the Corporation cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements in this press release are made as of the date hereof and are expressly qualified by this cautionary statement. Unless otherwise required by applicable securities laws, SECURE does not intend, or assume any obligation, to update these forward-looking statements.

SOURCE SECURE Waste Infrastructure Corp.

Allen Gransch, President and Chief Executive Officer; Chad Magus, Chief Financial Officer, Phone: [phone], Fax: [phone], Email: [email protected], Website: www.secure.ca