Aduro Clean Technologies Inc. Public Offering

Aduro Clean Technologies Inc. announced the closing of its underwritten public offering, raising approximately US$20 million before expenses. The offering consisted of 1,739,130 common shares accompanied by warrants to purchase 869,565 common shares. Each whole warrant is exercisable at US$16.00 and expires three years from issuance. The company plans to use the net proceeds for the construction of its Demonstration-Scale Plant, with any remainder allocated to research and development, general corporate purposes, and working capital. An over-allotment option for underwriters allows for the purchase of up to an additional 260,869 common shares and/or warrants. The offering was made in the United States under a shelf registration statement and a Canadian short form base shelf prospectus.