Mr. William Hessert reports

BLUSKY CARBON ANNOUNCES AMENDMENT TO TERMS OF SECURED DEBENTURE FINANCING

Blusky Carbon Inc., in connection with the news release dated Feb. 11, 2025, has entered into a second amendment of the non-brokered private placement of secured debentures of the company, as initially amended on May 9, 2025.

Pursuant to the second amendment, the principal amount of the debentures was updated to $768,275.14 (U.S.) and the maturity was extended to Oct. 15, 2025, subject to the payment of an extension fee of $75,000 (U.S.). The debentures will bear interest at a rate of 7 per cent per annum, calculated and payable monthly in cash, commencing Feb. 28, 2025, are subject to the terms of a debenture certificate and are secured against the assets of the company. The company may elect to pay all or any portion of the interest in kind. The debentures were issued to a single, arm's-length purchaser. There were no finders' fees or commissions payable in connection with the debenture offering.

The net proceeds received by the company from the debenture offering are intended to be used for the continuing development of the company's business model and for general working capital purposes.

We seek Safe Harbor.