Clara Technologies Corp. Announces Changes to The Board of Directors

Vancouver, British Columbia–(Newsfile Corp. – June 1, 2025) – Clara Technologies Corp. (CSE: CLTE) (the “Company“) announces today that effective May 31st, 2025, George Kovalyov has resigned as Director of the Company and Peter Field has been appointed as an independent Director of the Company.

Peter Field is a seasoned executive with over 30 years of experience building and managing successful companies across multiple industries. He has a strong track record in strategic business development, product innovation, and leading high-performance teams.

Peter’s work spans vertical farming, nutraceutical commercialization, bringing practical, science-based solutions to market. He has helped build and operate two GMP, USFDA-certified manufacturing facilities and has invested in companies focused on wound care, Alzheimer’s, depression, and cancer diagnostics.

As President of a biotech firm, Peter gained meaningful experience in public markets, capital raising, and regulatory compliance, playing a key role in governance and financing. Outside of business, Peter serves on the board of TeamUp, a non-profit that supports youth through sport—an initiative he values as a way to give back and create positive impact.

The board of directors and management of the Company want to sincerely thank George for his dedication and service as a director and wish him all the best in his future endeavors.

Forward-Looking Statements; Disclaimers:

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. All statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The Company does not undertake any obligation to update such forward‐looking information whether because of new information, future events or otherwise, except as expressly required by applicable law. There can be no guarantee that the acquisition of HSCPL will be completed.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254050