Mr. William Hessert reports

BLUSKY CARBON ANNOUNCES AMENDMENT TO TERMS OF DEBENTURE FINANCING

Blusky Carbon Inc. has made amendments to the terms of its previously announced non-brokered private placement of unsecured convertible debentures of the company. Under the amended terms, the company will issue convertible debenture units with each convertible debenture unit consisting of: (i) a $1,000 principal amount convertible debenture of the company; and (ii) 4,761.9 common share purchase warrants of the company for gross proceeds of up to $1-million. Each whole warrant will entitle the holder thereof to acquire one common share of the company at an exercise price of 30 cents at any time up to two years following the closing of the convertible debenture offering. The debentures will mature 18 months from the closing of the convertible debenture offering, unless otherwise agreed to by the holder and the company, and will bear interest at a rate of 12 per cent per annum. Each debenture will be convertible, in whole or in part, at any time while any principal or interest remains outstanding, into common shares, at the option of the holder, at a price of 21 cents per common share.

We seek Safe Harbor.