Carbon Streaming Announces Additional Steps to Position Company for Long-term Success

Carbon Streaming Corporation (NEO: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”), a leading supplier of high-quality credits to corporate buyers and a funding partner of choice to carbon project developers around the world, today announced several proactive steps to reduce costs, protect its balance sheet, and continue to position the Company for long-term success.

Carbon Streaming remains focused on executing its sales strategy through the marketing and selling of carbon credits and continuing to acquire select additional streams and royalties to diversify and complement its portfolio of projects. The Company currently has 22 carbon projects in 12 countries covering eight project types.

The Company’s strong balance sheet enables Carbon Streaming to weather dynamic market conditions and is a competitive strength when negotiating potential transactions. Carbon Streaming has undertaken several important initiatives to reduce ongoing general and administrative expenses, generate additional income, and ensure that the Company is positioned to benefit from tailwinds that are driving the carbon credit market.

As a result of a 40% reduction in executive headcount, a sublease of its Toronto office space, and the optimization of other expenses, the Company expects to deliver savings of over US$3 million per annum. Carbon Streaming’s active treasury management program has also ensured that the Company’s cash balances are invested in high-interest accounts to generate additional income.

“We believe that the voluntary carbon markets are a necessary tool to reduce global carbon emissions and move towards a net-zero future. Carbon Streaming pioneered the use of streaming transactions to help scale high-integrity carbon credit projects. The steps we have taken to protect our balance sheet, while continuing to identify and evaluate new opportunities for growth, ensure that we are well positioned to be a long-term supplier of high-quality carbon credits to corporate buyers who are looking to support these projects in the fight against climate change,” said Justin Cochrane, Founder & CEO.

About Carbon Streaming

Carbon Streaming aims to accelerate a net-zero future. We pioneered the use of streaming transactions, a proven and flexible funding model, to scale high-integrity carbon credit projects to advance global climate action and additional United Nations Sustainable Development Goals. This approach aligns our strategic interests with those of project partners to create long-term relationships built on a shared commitment to sustainability and accountability and positions us as a trusted source for buyers seeking high-quality carbon credits.