Mr. Christian Milau reports

CARBON STREAMING PROVIDES UPDATE ON RIMBA RAYA PROJECT

Carbon Streaming Corp. has learned that the state administrative court of Jakarta has declared that the revocation by the Indonesian government's Ministry of Environment and Forestry (MOEF) of the forest utilization business licence at the Rimba Raya project is void.

On July 11, 2024, the court reached a decision on the claim filed by PT Rimba Raya Conservation against the MOEF challenging the MOEF's revocation of the concession licence and declared the MOEF's revocation of the concession licence to be void. The court's ruling is subject to appeal by the MOEF for a period of 14 days from the pronouncement of the decision, and as such does not yet have permanent legal force. The interlocutory decision issued by the court on May 16, 2024, requiring the MOEF to suspend the implementation of its decree in respect of the revocation of the concession licence, and allowing activities on the project to resume, will remain in place during any appeal brought by the MOEF.

For the financial period ended March 31, 2024, the company determined the fair value of the Rimba Raya stream to be nil due to the concession licence revocation. The company will re-evaluate the fair value of the Rimba Raya stream in the event there is a change in the facts and circumstances surrounding the Rimba Raya project, the revocation of the concession licence and the Indonesian national carbon emission regulations. The company is continuing to evaluate all legal avenues to protect its investment in the Rimba Raya project and to strictly enforce its legal and contractual rights under the Rimba Raya stream.

For a comprehensive discussion regarding the risks, assumptions and uncertainties that could further impact the Rimba Raya project and the Rimba Raya stream, including without limitation, concerning the legal status of the concession licence and the company's Rimba Raya stream, investors are urged to review the section of the company's management's discussion and analysis for the three months ended March 31, 2024, dated as of May 15, 2024, entitled "Strategy and Outlook -- Indonesia Update," the section of the company's annual information form dated as of March 27, 2024, entitled "Risk Factors" and the press releases dated April 26, 2024, May 15, 2024, and May 21, 2024, copies of which are available on SEDAR+.

About Carbon Streaming Corp.

Carbon Streaming aims to accelerate a net-zero future. The company 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 Carbon Streaming's strategic interests with those of project partners to create long-term relationships built on a shared commitment to sustainability and accountability, and positions the company 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 and avoidance projects from nature-based, agricultural, engineered and community-based methodologies.

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