Mr. Morgan Good reports

CARLYLE ANNOUNCES SHARE ISSUANCES TO CONSULTANTS

Carlyle Commodities Corp. has issued an aggregate of 343,325 common shares in the capital of the company to two consultants engaged by the company.

Date of issue      Number of shares   Deemed price per share

Jan. 4, 2023                 47,407                   $0.169        
Feb. 7, 2023                 37,426                   $0.214        
March 9, 2023                63,333                    $0.15         
April 10, 2023               93,826                   $0.101        
May 12, 2023                101,333                   $0.094        
Total                       343,325                          

The shares being issued are 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). The 302,511 shares of the total issued have a hold period of four months and a day from issuance.

About Carlyle Commodities Corp.

Carlyle is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. Carlyle 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, on the OTCQB Market under the ticker CCCFF and on the Frankfurt Stock Exchange under the ticker BJ4.