Mr. Morgan Good reports

CARLYLE ISSUES QUESNEL PROPERTY OPTION SHARES

Further to Carlyle Commodities Corp.'s news release dated Sept. 27, 2024, it has issued two million common shares at a deemed price of five cents per share to Divitiae Resources Ltd. (the optionor), pursuant to the company's recently announced option to purchase an undivided 10-per-cent right, title and interest in certain mining claims in the Quesnel terrane in central British Columbia, subject to a 2-per-cent net smelter return royalty to be retained by the optionor. Pursuant to the terms of the option, Carlyle may, at any time, purchase 1 per cent of the royalty on the Quesnel gold project from the optionor for a cash payment in the aggregate amount of $1-million.

The Quesnel gold project is located in the Cariboo mining division, 30 kilometres northeast of Quesnel in central British Columbia covering 1,607.34 hectares, proximal to main highways and power lines facilitating year-round access and workability. The Quesnel gold project is situated within the Quesnel trough within a subdivision of the Intermountain tectonic belt, and on trend with the historic G-South historical gold resource.

All securities issued in connection with the option will be subject to a statutory hold period expiring four months and one day after the date of issuance, as set out in National Instrument 45-102 -- Resale of Securities.

About Carlyle Commodities Corp.

Carlyle is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. Carlyle owns 10 per cent of the Newton project in the Clinton mining division of British Columbia and is listed on the Canadian Securities Exchange under the symbol CCC, on the OTC Market under the ticker CCCFF, and the Frankfurt exchange under the ticker BJ4.