Mr. William Hessert reports

BLUSKY CARBON ANNOUNCES $3.5 MILLION DEBT FINANCING

Blusky Carbon Inc. intends to complete a secured debt financing with an arm's-length lender in the principal amount of $3.5-million (U.S.) pursuant to a loan agreement with the lender.

The loan is set to mature 12 months from the date on which the lender provides full financing for the loan, and will accrue interest at 12 per cent per annum, compounded and calculated at the end of each calendar month. The company intends to use the loan proceeds to satisfy existing liabilities and for general corporate purposes. The loan will be secured against the assets of the company. The loan will be financed when conditions precedent are met or waived by the lender, including, but not limited to, the completion of executed loan and security documents, the fulfilment of documentation requests from the lender to the borrower, satisfactory completion of due diligence, and that no material adverse change shall have occurred prior to the date on which the lender provides full financing for the loan. There will be no finders' fees or commissions payable in connection with the loan.

We seek Safe Harbor.