Big Tree Commences Ogoki Crown Forest Carbon Assessment

TORONTO, ON / ACCESSWIRE / June 6, 2023 / Big Tree Carbon Inc. (the "Company" or "Big Tree") (TSXV:BIGT) wishes to advise that the Company has retained the professional services of R&B Cormier Inc. to conduct and deliver a forest carbon sequestration assessment of the Ogoki Forest management unit in Ontario, Canada.

Big Tree has partnered with Agoke Development LP ("ADLP") to bring upwards of 974,000 hectares of potential carbon offsetting to market in a larger 1,028,496 hectare forest (the "Ogoki Forest"). Agoke Development Corp. ("ADC") is the general partner of the limited partnership also comprising Aroland First Nation, Eabametoong First Nation, and Marten Falls First Nation within whose traditional territories the Ogoki Forest is located. Pursuant to the terms of the Emissions Reduction Benefits Management Agreement ("ERBMA"), Big Tree will assist ADLP in designing and financing the project. For further information, please reference Company press releases dated November 8, 2021 and March 1, 2022.

R&B Cormier Inc. will prepare and deliver an assessment of carbon sequestration potential of the Ogoki Forest management unit for purposes of generating carbon offsets in both compliance and voluntary market scenarios. The assessment will identify forest stands best suited to generation of carbon offsets, deliver project development estimations of costs for registering offsets in both compliance and voluntary market scenarios, and deliver project operation costs and audit/verification costs on an annual basis. The Assessment Report baseline conditions will include current conditions within the Ogoki Forest, including planned harvest blocks and fibre commitments during the 2023-28 plan period.

This Assessment Report, anticipated for completion by mid-August 2023, will be used by the Company in partnership with the Agoke Development LP to identify diversified economic opportunities for ADLP, ADC, and their shareholder First Nations within the Ogoki Forest Crown management unit, including the production and sale of carbon offsets.

The Company also wishes to advise that, further to its press release of April 21, 2023, it will not be proceeding with the balance of the brokered private placement (the "Offering"). The Offering was led on a best-efforts basis by IBK Capital and a total of $300,000 was raised.

ABOUT BIG TREE CARBON INC.

Big Tree Carbon Inc. is an indigenous led publicly-traded natural asset development company based in Ontario, Canada. The Company maintains several legacy mineral exploration properties in Northwestern Ontario as active exploration holdings, including the Ranger Lake, Richardson Lake, and Bridget Lake properties. The Company is currently developing two First Nations forest carbon offset project development partnerships for the Lac Seul First Nation "Lac Seul Community Forest Project" and the Ogoki Forest. Subsidiary corporation Wiigwaasaatig Energy Inc. is a contributor to the Company's sustainable forest optimization approach, focusing on renewable electrical generation and biofuel processing in partnership with proximal indigenous communities.