Carlyle Announces Share Issuances to Consultants

Carlyle Commodities Corp. (CSE: CCC) (FSE: 1OZA) (OTC Pink: DLRYF) ("Carlyle" or the "Company") announces that it has issued an aggregate of 588,994 common shares in the capital of the Company (each, a "Shares") to two consultants currently engaged by the Company, as follows:

Date of Issue No. of Shares Deemed Price per Share
February 9, 2021 136,363 $0.11
March 8, 2021 200,000 $0.075
April 6, 2021 200,000 $0.075
April 23, 2021 52,631 $0.1425
Total: 588,994

 

Each consultant has been engaged by the Company for a 6 month term, with the Shares being issued in payment for the services rendered by the consultant at a price per Share equal to the lowest permitted price by the applicable policies of the Canadian Securities Exchange. Accordingly, the Shares were issued pursuant to the prospectus exemption provided under Section 2.24 of National Instrument 45-106 - Prospectus Exemptions.

About Carlyle

Carlyle is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. The Company has an option to earn a 100% interest in the Cecilia Gold-Silver Project located in the State of Sonora, Mexico. Carlyle owns 100% of the Newton Gold Project in the Clinton Mining Division of B.C, as well has formed a strategic partnership with HDI (The Hunter Dickinson Group) and has formed a 50-50 joint venture with HDI affiliate United Mineral Services Ltd. on the Mack Project located in B.C. The Company also holds an option to earn a 100% interest in the promising Sunset property located in the Vancouver Mining Division near Pemberton, B.C. Carlyle is based in Vancouver, B.C., and is listed on the Canadian Securities Exchange ("CSE") under the symbol "CCC".

ON BEHALF OF THE BOARD OF DIRECTORS OF

Carlyle Commodities Corp.

"Morgan Good"

Morgan Good
Chief Executive Officer

For more information regarding this news release, please contact:

Morgan Good, CEO and Director
T: 604-715-4751
E: morgan@carlylecommodities.com
W: www.carlylecommodities.com

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/81648

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Carlyle Commodities

Carlyle Commodities

Overview

Carlyle Commodities (CSE:CCC) is a resource exploration and development company focused on acquiring, financing and developing growth-stage exploration projects that offer substantial upside. Carlyle Commodities’ flagship Cecilia gold-silver project is located in Sonora, Mexico approximately 40 kilometers southwest of Agua Prieta. The project is drill-permitted and comprises 7,739.4 hectares that have returned top rock chip and grab samples of 133.7 g/t gold and 335 g/t silver.

Carlyle Commodities also owns five projects in British Columbia, including its Sunset volcanic massive sulfide (VMS) cobalt–copper–zinc project, located only two hours drive from Vancouver, British Columbia, which was used as the company’s qualifying transaction. Carlyle’s other four BC projects are vanadium properties along the coast of British Columbia: Blackie, Peneece, Porcher and Star. Each property is located near major shipping routes and ports which could aid in delivering a finished product to foreign markets and end-users. The properties also host historical exploration work providing the company with additional exploration potential moving forward.

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