Friday, 2nd October 2026

Globe Newswire

Carbon Streaming Corporation (Cboe CA: NETZ) (OTCID: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) has entered into an agreement with Community Carbon and UpEnergy Group (collectively, the “UPE Parties”) pursuant to which the Company will receive total consideration of US$6.0 million in connection with the termination of the Community Carbon Stream and transfer of the Company’s remaining portfolio of carbon credits, with a portion of the consideration funded through the sale of certain CORSIA-tagged Tanzanian cookstove carbon credits to a third-party purchaser.

The US$6.0 million total consideration is composed of the following: (i) US$2.35 million of proceeds from the Company’s sale of certain CORSIA-tagged Tanzanian cookstove carbon credits to a third-party purchaser; (ii) US$1.47 million of proceeds from the UPE Parties’ sale of certain CORSIA-tagged Tanzanian cookstove carbon credits to a third-party purchaser, with such proceeds to be deposited by the UPE Parties into escrow and paid to the Company; (iii) US$2.18 million deposited by the UPE Parties into escrow and to be paid to the Company.

Release of the escrowed funds to the Company remains subject to the conditions set out in the agreement, including confirmation by the escrow agent that it holds the full escrow amount. To date, the Company has received US$2.35 million from the Company’s sale of certain CORSIA-tagged Tanzanian cookstove carbon credits, with the remaining US$3.65 million to be paid from the escrow account. The transaction is expected to fully close and the Company expects to have received the full US$6.0 million within ten (10) business days subject to satisfaction of the closing conditions described above.