Canada Carbon Provides Update on Quebec Administrative Tribunal (“QAT”)

Canada Carbon Inc. (TSXV:CCB) announces that yesterday a pre-hearing conference call was held with Judge Gilles Reny of the Quebec Administrative Tribunal (the “QAT”) along with counsel for the CPTAQ and GSLR.

Ms. Isabelle Ouellet, in-house counsel for the Agriculture Land Protection Commission (“CPTAQ”), stated that she intends to file a motion on or before June 22nd, 2018 to dismiss Canada Carbon’s application for review before the QAT.  We expect that the motion will be based on the premise that the CPTAQ did not render a “decision” when it closed its review of CCB’s file for administrative reasons.

R. Bruce Duncan, CEO and Director of Canada Carbon, commented, “It is hard to understand how the CPTAQ can take the position that they never rendered a decision when they chose to ignore two previous certificates of conformity signed by an officer of Grenville-sur-la-Rouge and then chose to administratively close the CCB file based on a statement of non-conformity in the form of a resolution from the current Council of Grenville-sur-la-Rouge.”

The Company obviously intends to vigorously contest the motion which will be heard on September 5th, 2018.

CANADA CARBON INC.

“R. BRUCE DUNCAN”

CEO and Director

Contact Information
E-mail inquiries: info@canadacarbon.com
P: (604) 685-6375
F: (604) 909-1163
www.canadacarbon.com

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions.  Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

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Source: globenewswire.ca