Mr. Michael Costa reports

BASE CARBON ANNOUNCES CREDIT ISSUANCE AND REVENUES FROM WATER PURIFIERS

Base Carbon Inc. has received revenues from the sale of 95,318 carbon credits generated from the water purifier component of the Vietnam Household Devices project pursuant to its agreement with project developer, Sustainability Investment Promotion and Development Joint Stock Company (SIPCO), and offtake arrangement with Citigroup Global Markets Ltd.

Highlights:

• As previously disclosed, Base Carbon facilitated a carbon credit offtake agreement between Citigroup and SIPCO, developer of the project, related to the initial 7.4 million carbon credits issued from the project.
• Base Carbon has now received full payment associated with delivering the initial 95,318 water purifier-generated carbon credits to Citigroup.

About Base Carbon Inc.

Base Carbon provides capital, development expertise and management operating resources to projects involved in the voluntary carbon markets. The company seeks to be the preferred carbon project partner in providing capital and developmental resources to carbon projects globally and, where appropriate, will endeavour to utilize technologies within the evolving carbon industry to enhance efficiencies, commercial credibility and trading transparency.

We seek Safe Harbor.