Mr. James Tansey reports

CARBON DONE RIGHT DEVELOPMENTS INC. ANNOUNCES DELAY IN FILING OF ANNUAL FINANCIAL STATEMENTS AND APPLICATION FOR MANAGEMENT CEASE TRADE ORDER

Carbon Done Right Developments Inc. will not meet the filing date for filing of the following continuous disclosure documents:

• The company's annual audited financial statements for the year ended March 31, 2025, as required by Section 4.2 of National Instrument 51-102 (Continuous Disclosure Obligations);
• The company's management's discussion and analysis for the year ended March 31, 2025, as required by Section 5.1(2) of NI 51-102; and
• Certificates of the chief executive officer and chief financial officer of the company relating to such audited annual financial statements as required by National Instrument 52-109 (Certification of Disclosure in Issuers' Annual and Interim Filings).

The company anticipates a delay in the filing of the documents due to its recent change of auditor and the need to address certain transitional matters arising from that change. These matters have temporarily affected the co-ordination and progress of the audit process. The company is actively working to resolve the outstanding issues and is allocating internal resources to support the completion of the audit. The company remains committed to finalizing the documents as soon as practicable and ensuring continued compliance with its disclosure obligations. The company expects to file the documents by Sept. 30, 2025.

Accordingly, the company has applied to the B.C. Securities Commission for a management cease trade order that will prohibit the management of the company from trading in the securities of the company until such time as the documents are filed. There is no guarantee that an MCTO will be granted. If the MCTO is granted, the MCTO will prohibit the chief executive officer, the chief financial officer, and possibly the directors, other officers and other insiders of the company from trading in securities of the company for so long as the documents are not filed. The issuance of such cease trade order does not generally affect the ability of persons who are not directors, officers or other insiders of the company to trade in the company's securities.

No decision has yet been made by the B.C. Securities Commission on this application. The B.C. Securities Commission may grant the application and issue the management cease trade order, or it may impose an issuer cease trade order if the documents are not filed in a timely fashion.

During the period of default and until filing of the documents, the company intends to satisfy the provisions of the alternative information guidelines as required by National Policy 12-203 (Management Cease Trade Orders). Until the company has filed the documents, members of the company's management and other insiders are subject to an insider trading blackout policy as per its internal insider trading policy that is consistent with the principles in Section 9 of National Policy 11-207 (Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions).

About Carbon Done Right Developments Inc.

Carbon Done Right is an owner and operator of nature-based carbon assets that serves the growing demand for carbon credits from companies seeking to meet their net-zero goals. The company achieves this by investing in the exploration, restoration and management of terrestrial and marine systems that can either be protected to enhance the sequestration of greenhouse gases or restored from a degraded status to fully productive ecosystems. The company's dedication to environmental stewardship and its robust pipeline of carbon credit projects makes it a trusted partner to the largest buyers of carbon credits in the world in the fight against climate change. Carbon Done Right deploys capital at risk under various arrangements (including co-operation, assignment and production-sharing agreements) with government engagement in various suitable jurisdictions around the world including Sierra Leone, Yucatan, Guyana and Suriname.

We seek Safe Harbor.