Mr. Justin Cochrane reports

CARBON STREAMING FORMS INDEPENDENT COMMITTEE

Carbon Streaming Corp. is aware of certain public allegations made on May 6, 2024, by Nickel 28 Capital Corp. concerning its termination of the employment of certain of the company's executives. The board of directors of Carbon Streaming takes the claims made publicly about its executives seriously and, as a result, the board has formed a special independent committee of the board to conduct an independent review of the allegations, and to confirm compliance with the company's stringent corporate governance policies and procedures, and applicable laws.

Each of the individuals concerned have informed the board that they deny the allegations made by Nickel 28, and have provided assurances to the board concerning their conduct and compliance with the company's corporate policies and procedures, and applicable laws.

The independent committee has not set a completion date for its review process and the company will comment further on the review when additional disclosure is appropriate or required.

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 Carbon Streaming 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.