Mr. James Tansey reports

CARBON DONE RIGHT ANNOUNCES NON-BROKERED PRIVATE PLACEMENT AND SHARES FOR DEBT SETTLEMENT, AND PROVIDES BUSINESS UPDATE

Carbon Done Right Developments Inc. intends to carry out a non-brokered private placement to raise gross proceeds of up to $100,000, consisting of common shares offered at a price of 1.5 cents per share.

The company plans to utilize offering proceeds for continued investment into operations and corporate support for the company's projects around the world. On May 7, the chief executive officer, Dr. James Tansey, participated in a public event in Suriname alongside the Minister of Spatial Planning and Environment, Dr. Marciano Dasai, to launch the company's newest mangrove restoration project, targeting up to 5,000 hectares of heavily degraded land on the coastline. The company has secured a lease and initial environmental approvals for the project, which aligns the country's sustainable development goals and the restored area will also protect vulnerable areas from sea level rise.

The company's flagship forest carbon restoration project in Sierra Leone was validated in December, 2024, under Verra's new forest restoration protocol, VM0047. Under the previously announced prepurchase agreement (April, 2023), the offtaker had the right to expand its investment in the planted area from 5,000 hectares to 25,000 hectares. The offtaker has declined that option and has a final outstanding prepurchase payment under the terms of the original agreement that the company considers to be overdue. The company is pursuing opportunities with a number of new partners to secure investment to meet the project's future investment needs.

The offering is expected to close on or around May 26, 2025, subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange. The company may pay finders' fees under the offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The securities issued under the offering will be subject to a hold period under applicable securities laws in Canada expiring four months and one day from the closing date of the offering.

The company also announces that it intends to settle an aggregate of $165,768 ($120,000 (U.S.)) of indebtedness owed to a certain arm's-length creditor through the issuance of 11,051,200 common shares at a deemed issuance price of 1.5 cents per share. The indebtedness relates to a promissory note issued to the company in 2024. The company determined to satisfy the indebtedness with common shares to preserve its cash for working capital. The common shares will be issued upon acceptance by the TSX Venture Exchange and approval by the directors of the company. All common shares issued in satisfaction of the indebtedness will be subject to a four-month hold period from the date of issuance.

About Carbon Done Right Developments Inc.

Carbon Done Right is an owner and operator of nature-based carbon assets that serves the growing demand for carbon credits from companies seeking to meet their net zero goals. The company achieves this by investing in the exploration, restoration and management of terrestrial and marine systems that can either be protected to enhance the sequestration of greenhouse gases or restored from a degraded status to fully productive ecosystems. The company's dedication to environmental stewardship and its robust pipeline of carbon credit projects make it a trusted partner to the largest buyers of carbon credits in the world, in the fight against climate change. Carbon Done Right deploys capital at risk under various arrangements (including co-operation, assignment and production sharing agreements) with government engagement in various suitable jurisdictions around the world, including Sierra Leone, Yucatan, Guyana and Suriname.

We seek Safe Harbor.