Mr. Morgan Good reports

CARLYLE ANNOUNCES TERMINATION OF SUNSET OPTION AND CONSULTING AGREEMENT SHARE ISSUANCES

Carlyle Commodities Corp. has entered into a termination agreement with each of Dev Rishy-Maharaj, Christopher Paul and Michael Blady, effective June 23, 2022, to terminate Carlyle Commodities' option to acquire a 100-per-cent interest in the Sunset property, consisting of four mineral claims located near Soo River, northeast of Whistler, B.C. The Sunset property was optioned to the company pursuant to an option agreement dated Nov. 7, 2017, between the company and the optionors, as amended on May 9, 2018, May 25, 2018, June 25, 2018, April 24, 2020, and July 30, 2021.

For additional information on the option agreement and the Sunset property, please see the company's prospectus dated Oct. 3, 2018, and the news release dated July 30, 2021, available under the company's profile on SEDAR.

The company announces that it has issued an aggregate of 750,000 common shares in the capital of the company at a deemed price of five cents per share pursuant to the terms of two independent consultant agreements. One consultant has been engaged by the company for a six-month term, and the other consultant has been engaged by the company for a three-month term, with the shares being issued in payment for the services rendered by the consultants at a price per share equal to the lowest permitted price by the applicable policies of the Canadian Securities Exchange. Accordingly, the shares were issued pursuant to the prospectus exemption provided under Section 2.24 of National Instrument 45-106 (Prospectus Exemptions).

About Carlyle Commodities Corp.

Carlyle Commodities is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. Carlyle Commodities owns 100 per cent of the Newton project in the Clinton mining division of British Columbia and is listed on the Canadian Securities Exchange under the symbol CCC.