Mr. Marin Katusa reports

CARBON STREAMING ANNOUNCES FILING OF CLAIM AGAINST FORMER EXECUTIVES AND CONSULTANTS

Carbon Streaming Corp. has started a lawsuit in the Ontario Superior Court of Justice against several former executives, directors, consultants and associated entities. As outlined in the lawsuit, Carbon Streaming is trying to hold the defendants to account for their breaches of fiduciary duty, fraudulent misrepresentation and unjust enrichment that have caused financial harm to the company.

The defendants named in the claim include Justin Cochrane, Conor Kearns, Anthony Milewski, Michael Beck, Maurice Swan, Andrew Scott Tester, Jeanne Usonis, The Oregon Group LLC, Regent Advisors LLC, Black Vulcan Resources LLC, Carbon Advisors LLC and Angstrom Capital Ltd.

Key allegations:

• Breach of fiduciary duty: The lawsuit alleges that the defendants who were serving as Carbon Streaming's executives and directors did not act in the company's best interests, including approving and allowing payments for advisory and consulting fees to entities that provided little to no real services to the company.
• Fraudulent misrepresentation: The lawsuit alleges that certain defendants made false representations and omissions that misled the company, resulting in financial losses.
• Unjust enrichment: The lawsuit also seeks to recover funds that were improperly diverted to some of the defendants and their associated entities, who were unjustly enriched at the expense of Carbon Streaming.

Financial impact: Carbon Streaming seeks damages against the defendants, including:

• A minimum of $30.1-million (U.S.) against Mr. Cochrane;
• A minimum of $4.1-million (U.S.) against Mr. Kearns;
• A minimum of $1.4-million (U.S.) against Mr. Milewski and The Oregon Group;
• A minimum of $4.1-million (U.S.) against Mr. Milewski and Black Vulcan Resources;
• A minimum of $850,000 (U.S.) against Mr. Beck and Regent Advisors;
• A minimum of $400,000 (U.S.) against Mr. Beck, Mr. Milewski and Carbon Advisors;
• A minimum of $4.1-million (U.S.) against each of Mr. Swan, Mr. Tester and Ms. Usonis.

About Carbon Streaming Corp.

Carbon Streaming's focus is on projects that generate high-quality carbon credits and have a positive impact on the environment, local communities and biodiversity in addition to their carbon reduction or removal potential.

We seek Safe Harbor.