Investors

Wednesday July 24, 2024 at 10:00 a.m. (Toronto time)

Stikeman Elliott LLP, 5300 Commerce Court West, 199 Bay Street, Toronto, Ontario, Canada

Shareholders of the Company are welcome to attend in person at the offices of Stikeman Elliott LLP or may listen to a live broadcast of the proceedings of the Meeting via a live audio webcast or teleconference.

All Shareholders of the Company are strongly encouraged to cast their vote by submitting their completed form of proxy (or voting instruction form) prior to the Meeting by one of the means described in the Circular.

Shareholders can listen to a live broadcast of the proceedings of the Meeting by way of conference call. Shareholders may join by dialing (+1) 289 514 5100 or toll free from North America at (+1) 800 717 1738.

Carbon Streaming special warrants automatically converted on November 20, 2021. For additional information on the conversion, please see the Company’s press release dated November 19, 2021 and the below Frequently Asked Questions (FAQs).

The Company’s common shares and listed warrants started trading on a post-consolidated basis on October 25, 2021. For additional information on the consolidation, please see the Company’s press release dated October 19, 2021.

If you are a registered shareholder, a letter of transmittal has been mailed to your attention (and also included below). Completed letters should be directed to the Transfer Agent by e-mail to [email protected].

For any questions, we encourage you to contact our transfer agent, Odyssey Trust Company at the contact info provided left.

IMPORTANT TAX NOTICE TO SHAREHOLDERS OF Carbon Streaming Corporation (“Carbon Streaming”) WHO HAVE U.S. TAX FILING REQUIREMENTS (“U.S. Shareholders”).

This statement is provided for shareholders of Carbon Streaming with U.S. tax filing requirements under the U.S. Internal Revenue Code of 1986, as amended (“Code”) and the regulations thereunder. It is not relevant to other shareholders.

Carbon Streaming has not made, and does not expect to make, a determination as to whether it or any of its owned subsidiaries is a Passive Foreign Investment Company (“PFIC”) for U.S. tax purposes for any taxable year, including the year ended December 31, 2020. The determination as to whether any corporation was, or will be, a PFIC for a particular tax year depends in part on the application of complex U.S. federal income tax statutes, regulations, and the interpretation thereof. In addition, whether any corporation will be a PFIC for any tax year depends on its assets and income over the course of such tax year, and as a result, the PFIC status of Carbon Streaming for 2020 and any future tax year is subject to a complex analysis and therefore cannot be predicated with certainty. U.S. shareholders should be aware that there are no assurances that Carbon Streaming will provide a PFIC Annual Information Statement for its current taxable year or future taxable years.

A U.S. shareholder who makes a QEF election is required to annually include in his or her income his or her pro rata share of the ordinary earnings and net capital gain of Carbon Streaming and its subsidiaries, whether or not that corporation distributes any amounts to its shareholders. If you do not elect to treat Carbon Streaming and each of its subsidiaries as a QEF, then if Carbon Streaming is a PFIC for any year during your holding period, adverse U.S. tax consequences could result.

The QEF election is generally made on Form 8621 (“Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund”) on or before the due date, including extensions, for the income tax return with respect to the tax year to which the election relates.

THIS INFORMATION IS PROVIDED IN ORDER TO ASSIST SHAREHOLDERS IN MAKING CALCULATIONS AND DOES NOT CONSTITUTE TAX ADVICE. THE U.S. TAX LAWS REGARDING PFICS ARE EXTREMELY COMPLEX AND SHAREHOLDERS ARE ADVISED TO CONSULT THEIR OWN TAX ADVISORS CONCERNING THE OVERALL TAX CONSEQUENCES OF THEIR RESPECTIVE INVESTMENT IN, AND OWNERSHIP OF SHARES OF CARBON STREAMING UNDER UNITED STATES FEDERAL, STATE, LOCAL AND FOREIGN LAW.

Further information on PFIC rules and the QEF election is available from the Internal Revenue Service, including the following website pages: www.irs.gov/instructions/i8621/ch01.html

Your common share or warrant certificates may display a restrictive legend on the back of the certificate. If you wish to trade your securities on the open market, you will be required by your broker to have the restricted legend removed. Any shareholders seeking to remove such restrictive legends (and who meet the eligibility requirements to do so under applicable securities laws) should contact their securities broker or our transfer agent, Odyssey Trust Company, directly to obtain further information, instructions and documentation necessary to effectuate such removal, including the form of declaration to be provided to your securities broker. Contact details for Odyssey Trust Company are provided to the right of this section.

If you have any questions or are in need of a securities broker, please contact the Company at [email protected].