Canadian Premium Sand Inc. Announces CFO Transition

CALGARY, Alberta, Sept. 27, 2024 (GLOBE NEWSWIRE) — Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) announces that Chief Financial Officer, Cameron Deller will be leaving the Company to accept a new opportunity. CPS is pleased to announce the appointment of Isha Kular as Chief Financial Officer for the Company effective October 3, 2024. Ms. Kular returns to CPS from her previous role as Corporate Controller between 2019 and 2020.

Cameron Deller, CFA, has held the position of CFO of the Company since August 2021 and has made significant contributions to the development of the Company’s strategies and financing efforts. He has been a valuable member of the CPS management team.

Isha Kular, CPA, CA, MPAcc, is an accomplished financial executive with over 17 years experience bringing a wealth of experience to CPS spanning audit, financial reporting, tax, treasury, insurance, debt, internal controls and mergers and acquisition activities for both private and public companies. Ms. Kular began her career with Deloitte & Touche as an accountant and auditor, progressing through roles with increasing responsibility and technical complexity, most recently serving as Vice President Finance and Controller for Optiom (a subsidiary of Aviva plc).

With the Company’s September 18, 2024 announcement of up to $272 million of government financial support indications, the return of Ms. Kular to CPS is key in positioning the CPS management team to successfully lead the Company as it prepares for the construction and operations phase of its solar glass manufacturing facility.

“I am excited to welcome Isha back to the CPS team. Isha’s breadth of expertise will be invaluable as the Company moves through the stages of financing, construction and into operations” stated Glenn Leroux, President & CEO. “I want thank Cam for his dedication to CPS over the past three years and I wish him all the best in his new venture.”

About Canadian Premium Sand Inc.

The Company is developing manufacturing capacity for ultra high-clarity, low carbon patterned solar glass through a Company-owned facility to be located in Selkirk, Manitoba. The manufacturing process will utilize the high-purity, low-iron silica sand from its wholly owned Wanipigow quarry leases, renewable Manitoba hydroelectricity and responsibly produced Western Canadian natural gas providing the Company a unique and sustainable manufacturing cost advantage. The Company is a reporting issuer in Ontario, Alberta and British Columbia. Its shares trade on the TSXV under the symbol “CPS”.

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.

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Forward-Looking Information

Certain statements contained in this press release constitute forward-looking statements relating to, without limitation, expectations, intentions, plans and beliefs, including information as to the future events, results of operations and the Company’s future performance (both operational and financial) and business prospects. In certain cases, forward-looking statements can be identified by the use of words such as “expects”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “plans”, “seeks”, “projects” or variations of such words and phrases, or state that certain actions, events or results “may” or “will” be taken, occur or be achieved. Such forward-looking statements reflect the Company’s beliefs, estimates and opinions regarding its future growth, results of operations, future performance (both operational and financial), and business prospects and opportunities at the time such statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or circumstances should change. Forward-looking statements are necessarily based upon a number of estimates and assumptions made by the Company that are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Forward-looking statements are not guarantees of future performance. In particular, this press release contains forward-looking statements pertaining, but not limited, to: the expectation that significant shareholder value will be created in 2024 by commercializing the Project; the financing of the Project; the anticipated market for the Company’s patterned solar glass; future development plans; industry activity levels; industry conditions pertaining to the solar glass manufacturing industry; the ability of and manner by which the Company expects to meet its capital needs; and the Company’s objectives, strategies and competitive strengths. By their nature, forward-looking statements involve numerous current assumptions, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from those anticipated by the Company and described in the forward-looking statements. The forward-looking information and statements contained in this document speak only as of the date hereof and the Company does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable laws.