Mr. Justin Cochrane reports

CARBON STREAMING PROVIDES UPDATE ON RIMBA RAYA PROJECT

Carbon Streaming Corp. has provided an update on the Rimba Raya project. The company has learned of two third party media reports that claim PT Rimba Raya Conservation, the local concession holder at the project, has had its forest utilization business licence (the concession licence) revoked by the Indonesian government's Ministry of Environment & Forestry (MOEF). Carbon Streaming is actively working with InfiniteEarth Ltd. and Infinite-Earth Nusantara (collectively, InfiniteEarth), the company's Rimba Raya project proponent and owner of the carbon rights, and local Indonesian counsel to validate the claims made by the third party media reports. To the best knowledge of the company, the concession licence is held by PT Rimba Raya Conservation, having been recently renewed in November, 2021.

Carbon Streaming is advised by InfiniteEarth that it intends to dispute any revocation of the concession licence that would impact its carbon rights, and is seeking clarification from the MOEF as to the current status of the concession licence and the ramifications of any such revocation, including on the status of InfiniteEarth as the project proponent of Rimba Raya under the Indonesian government's national carbon registry, Sistem Registri Nasional Pengendalian Perubahan Iklim (the SRN registry), and any impact on its rights to both historical and future credits, as established through the collaboration agreement with PT Rimba Raya Conservation.

To the knowledge of InfiniteEarth, the status of InfiniteEarth as project proponent of the project has not changed, nor has the validation of the project that InfiniteEarth conducted with the SRN registry been reversed. While unable to provide assurance regarding InfiniteEarth's status on the SRN registry, the status of the validation of the project with the SRN registry, or the status of the concession licence (and any related agreements), Carbon Streaming will continue to work closely with InfiniteEarth on its active engagement with its local partners, the MOEF and the Indonesian government to preserve the continuity of the project.

The company entered into a purchase and sale agreement dated July 30, 2021 (the Rimba Raya stream), with InfiniteEarth in respect of the Rimba Raya project. The company will continue to update shareholders in respect of further developments in respect of the Rimba Raya project and the Rimba Raya stream. For a comprehensive discussion of additional risks, assumptions and uncertainties that could further impact the Rimba Raya project, and the Rimba Raya stream, including, without limitation, other Indonesian regulatory developments, investors are urged to review the section of the company's annual information form dated as of March 27, 2024, entitled "Risk Factors," a copy of which is available on SEDAR+.

About Carbon Streaming Corp.

Carbon Streaming aims to accelerate a net-zero future. It pioneered the use of streaming transactions, a proven and flexible financing model, to scale high-integrity carbon credit projects to advance global climate action and additional United Nations Sustainable Development Goals. This approach aligns the company's strategic interests with those of project partners to create long-term relationships built on a shared commitment to sustainability and accountability and positions it as a trusted source for buyers seeking high-quality carbon credits.

The company's focus is on projects that have a positive impact on the environment, local communities and biodiversity, in addition to their carbon reduction or removal potential. The company has carbon credit streams and royalties related to over 20 projects around the world, including high-integrity removal, reduction and avoidance projects from nature-based, agricultural, engineered and community-based methodologies.

We seek Safe Harbor.