Mr. William Hessert reports

BLUSKY CARBON AIMS TO INCREASE FOOTPRINT IN AFRICA

Blusky Carbon Inc. has executed a preliminary joint venture agreement with Ikigai Carbon Corp. aimed at establishing and deploying future biochar projects in the African Republic of Namibia.

The project is structured as a 50/50 joint venture partnership between Blusky and Ikigai, under which both parties intend to collaborate regarding project financing, formation of Namibian entities and securing local partnerships. The partnership will focus on deploying biochar technology and related projects in Namibia utilizing Blusky's biomass Vulcan pyrolysis technology, operational and consulting services for biochar production, and biomass carbon removal.

Ikigai Carbon is a venture studio dedicated to scaling profitable businesses that transform waste into valuable resources with a focus on creating jobs and delivering socio-economic benefits to local communities.

Ikigai is led by Steen Rasmussen, an experienced entrepreneur with expertise in the capital markets and in the carbon credit sector. Mr. Rasmussen oversaw the growth of the Carbon Credits website to become a leading media platform in the growing sector and among other ventures is helping scale the Biochar Today website to expand its reach, helping teach the world about the hundreds of benefits of biochar.

Ikigai has developed global sector relationships in multiple waste-to-value chains, including Namibia-based Omiti Biochar, which is in the process of scaling the removal of waste biomass and turning it into biocarbon products (biochar and biocoal) while generating millions of high-quality biodiversity carbon removal credits. In addition, the team has developed Ikigai Circular Mining, a program to remediate toxic mining sites using waste biocarbon in a proprietary six-stage process.

Ikigai Carbon's principal, Mr. Rasmussen shared, "Ikigai Carbon is extremely excited to work with Blusky Carbon to help unlock the next stage of our technology road map across rural Namibia, with a view to providing co-benefits for the community, including, eventually, profit sharing, jobs, access to power and water while restoring degraded land.

Under the agreement, Blusky will provide biomass pyrolysis technology to the partnership or eventual joint entity, maintain proprietary rights to its technology while licensing its use for partnership purposes in Namibia, and work with Ikigai to secure project financing as needed. Ikigai Carbon will lead business development and manage relationships with Namibian government officials, local stakeholders and operational partners and by maintaining an active role in all aspects of project management, along with collaborating with Blusky in securing project financing.

The resulting joint venture formed under a finalized joint venture agreement between Blusky and Ikigai shall have the exclusive right of first refusal (ROFR) for any additional biochar projects or related environmental technology projects initiated by either party within Namibia.

Will Hessert, chief executive officer of Blusky Carbon, commented: "We believe biochar production can be one of the most powerful mechanisms of economic development. To achieve this, we need partners who have built incredible partnerships with local stakeholders. Ikigai has done a tremendous job achieving this so far, and we are excited to continue planning our coming joint facilities in Namibia."

About Blusky Carbon Inc.

Blusky is a renewable energy company that is in the business of putting carbon back into the ground -- where it belongs. The company converts organic and industrial waste into biochar, renewable power and carbonate rocks as well as develops and sells carbon capture technology. Blusky's primary objectives are to: (1) construct carbon removal equipment; (2) sell the biochar produced by the carbon removal equipment; and (3) sell carbon credits generated from the production of biochar. The company's business model is based on the growing need for carbon neutrality and demand to reduce CO2 (carbon dioxide) emissions.

Blusky Carbon is publicly listed in Canada on the Canadian Securities Exchange with the trading symbol BSKY, on the OTCQB as BSKCF and in Frankfurt, Germany (FWB), with the identifier QE4.

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