CANADA CARBON INC. ANNOUNCES PRIVATE PLACEMENT AND SHARES FOR DEBT TRANSACTION

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Toronto, ON, Canada, March 14, 2025 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the "Company") (TSX-V : CCB) is pleased to announce a non-brokered private placement of up to 35,000,000 units (each, a “Unit”) at a price of $0.02 per Unit for aggregate gross proceeds of up to $700,000 (the “Offering”). Each Unit shall be comprised of one (1) common share in the capital of the Company (each, a “Common Share”) and one (1) common share purchase warrant (each, a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one (1) Common Share at a price of $0.06 per share for a period of 60 months from the date of issuance.

All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The proceeds from the Offering will be used by the Company for corporate and general working capital purposes. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

In connection with the Offering, the Company may pay a finder’s fee to eligible arm’s length parties. The finder’s fee may consist of a cash fee equal to 8% of the gross proceeds of the Offering and finder’s warrants (each, a “Finder’s Warrant”) equal to 8% of the Units issued pursuant to the Offering. Each Finder’s Warrant shall entitle the holder to acquire one Common Share at a price of $0.06 per Common Share for a period of 60 months from the date of issuance.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.