Mr. William Hessert reports

BLUSKY CARBON ANNOUNCES CLOSING OF US$500,000 SECURED DEBENTURE FINANCING AND ANNOUNCES PRIVATE PLACEMENT FINANCINGS

Blusky Carbon Inc. has closed a non-brokered private placement of secured debentures of the company at a price of $1,000 (U.S.) per debenture unit for gross proceeds to the company of $500,000 (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 will mature four months following the date of issuance and 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.

The company also announces its intention to complete a non-brokered private placement offering of units of the company at a price of 20 cents per unit, for gross proceeds of up to $300,000. Each unit will comprise one common share of the company and one common share purchase warrant, with each warrant exercisable for one common share at a price of 30 cents for a period of 24 months. The units and underlying securities will be subject to a hold period of four months and one day pursuant to applicable securities laws. The unit offering is expected to close on or about Feb. 18, 2025, and the proceeds thereof are intended to be used for general corporate and working capital purposes.

Finally, the company announces its intention to complete a non-brokered private placement of unsecured convertible debentures of the company at a price of $1,000 (U.S.) per convertible debenture unit for gross proceeds to the company of up to $750,000. The convertible debentures will bear interest at a rate of 12 per cent per annum, calculated and payable quarterly in arrears, commencing three months from closing, and mature 24 months following the date of issuance. The principal amount of each convertible debenture and any interest accrued thereon will be convertible into common shares at a conversion price of 24 cents per common share at the option of the holder of a convertible debenture at any time prior to the close of business on the maturity date. The net proceeds received by the company from the convertible debenture offering are intended to be used for general corporate and working capital purposes.

Finders' fees may be paid in relation to the unit offering and the convertible debenture offering to eligible arm's-length persons with respect to certain subscriptions accepted by the company, in accordance with the policies of the Canadian Securities Exchange (CSE).

We seek Safe Harbor.