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ESGW Enters into $7.3 Million Acquisition Transaction



Vancouver, B.C. - TheNewswire - September 2, 2020 (TSXV:ESGW) and (Frankfurt:ES3) (OTC:ESIFF)

ESG Global Impact Corp. ("ESG") is pleased to announce that Encanto Potash Corp. ("Encanto") and Muskowekwan Resources Ltd. ("MRL") have agreed to Encanto's arms-length $7,300,000 sale to ESG of 22.96% of Encanto's ownership of the joint venture with MRL pertaining to certain potash resources in Saskatchewan, paid by the issuance of 730,000 Series B preferred shares of ESG. The transaction remains subject to regulatory approval. Application has been filed by both parties to the exchange to seek approval of the transaction with an effective date of August 31, 2020.

Terms of the Series B preferred shares are issued at face value of $10.00, are voting and carry preferential dividend rights over the common shares. They are convertible on the basis of 10 common shares for each Series B preferred share at the option of the Corporation, who will exercise this right no more than for 2 shares per year. In the event of a windup, holders of Series B preferred shares will be paid in preference to the commons shares, and will have the option to acquire the joint venture interests being acquired in lieu of cash. The complete terms of the Series B preferred shares can be found on www.sedar.com. The Series B shares will not be listed.

This acquisition provides ESG an investment in the commercially important potash industry without having to participate in the further development of these reserves, as all future development and operations costs under the joint venture remain with Encanto.

For more information please contact:

David Berg, CEO

ESG Global Impact Capital Inc.

Telephone: (760) 989-2202

E-mail: info@esgcapitalinc.com

About

ESG Global Impact Capital Inc., is focused on environmental and socially responsible projects and operates as a Canadian investment issuer company. The Board of Directors modified the business plan of the Company in 2020 to take into consideration the changing demands of the modern economy.

'THE EARTH DOES NOT BELONG TO HUMAN BEINGS; HUMAN BEINGS BELONG TO THE EARTH'

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance

We seek safe Harbor

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