Base Carbon Announces AGM Results

TORONTO, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) ("Base Carbon", or the "Company"), a financier of emission reduction, removal, and related climate action projects, is pleased to announce the results of its first Annual General Meeting.

A total of 58,856,795 common shares, representing 48.928% of the issued and outstanding common shares of the Company, were represented at the Meeting. Five (5) directors were elected to the Company’s board for the ensuing year. The following is a tabulation of the votes submitted in person and by proxy:

Director Nominee	# of Votes in Favour	% of Votes in Favour		# of Votes Withheld	% of Votes Withheld
Catherine Flax	53,315,571	95.329%		2,612,134	4.671%
Margot Naudie	45,399,995	80.498%		10,998,782	19.502%
Bruce Tozer	53,786,388	95.368%		2,612,389	4.632%
Michael Costa	54,541,452	96.707%		1,857,325	3.293%
Andrew Fedak	54,541,452	96.707%		1,857,325	3.293%

Shareholders also voted in favour of appointing KPMG LLP, Chartered Accountants, as auditors of the Company for the ensuing year and authorized the directors to fix their remuneration:

# of Votes in Favour	% of Votes in Favour		# of Votes Withheld	% of Votes Withheld
57,259,853	97.287%		1,596,942	2.713%

For more information refer to the management information circular dated July 7, 2023, available on the Company’s profile at www.sedarplus.ca.

About Base Carbon

Base Carbon is a financier of projects involved primarily in the global voluntary carbon markets. We endeavor to be the preferred carbon project partner in providing capital and management resources to carbon removal and abatement projects globally and, where appropriate, will utilize technologies within the evolving environmental industries to enhance efficiencies, commercial credibility, and trading transparency. For more information, please visit www.basecarbon.com.