Big Tree Carbon Project Update
Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax
(416) 865-6636
Big Tree Carbon Project Update
NEWS RELEASE FOR IMMEDIATE RELEASE
NOVEMBER 22, 2022 TSXV Symbol: BIGT
Toronto, Ontario, November 22, 2022 – Big Tree Carbon Inc. (the “Company” or “Big Tree”)
(TSXV:BIGT) wishes to provide the following update on the developing carbon markets and our
own carbon offset projects. In recent news from the COP27 climate summit, US climate Envoy John
Kerry revealed a new plan to raise money for climate initiatives in the developing world by selling carbon
credits to companies wishing to offset their emissions. Kerry said the new US initiative should be “up and
running” within a year.
Big Tree is evaluating our current projects while working to increase our partnerships with First Nations.
Both voluntary carbon market and compliance carbon market projects are possible through the American
Carbon Registry (“ACR”) improved forest management and Verra Canadian forest carbon offset
methodologies, respectively. The Federal Government’s release of compliance project protocols are
expected in the spring of 2023.
Lac Seul Pilot Project:
The Lac Seul pilot project is currently awaiting an updated offset feasibility study by Anew Climate, LLC
(“Anew”, previously Blue Source Canada ULC). Kick-off of the project is expected to begin shortly after
confirmation from the new Lac Seul Band council recently sworn in after elections.
Ogoki Forest Project:
The Ogoki Forest project also has a pre-feasibility assessment from Anew. Based on this
assessment, Big Tree entered into an offset development agreement with Agoke Development
LP (“ADLP”), the First Nations forestry corporation which manages the Ogoki Forest
management unit. Big Tree has a 25% revenue sharing interest for up to 10 years on this project
(see the Press Releases dated March 1, 2022 and November 8, 2021). This project is awaiting the
release of carbon offset protocols for crown land, expected to be released in the spring of 2023
along with the awarding of an engineering contract to register and create the carbon offsets.
ABOUT BIG TREE CARBON INC.
Big Tree is a carbon sequestration natural resource developer and a mineral exploration company focused
on the acquisition, exploration, and development of gold properties. Big Tree has a portfolio of Forest
Carbon projects under development namely the Lac Seul and Agoke projects - and several mineral
exploration assets in Ontario, which include the Richardson Lake, Ranger Lake, Dancing Man and
Bridget Lake gold properties.
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Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax
(416) 865-6636
FOR FURTHER INFORMATION PLEASE CONTACT:
Big Tree Carbon Inc.
Christopher Angeconeb Ian Brodie-Brown
President and C.E.O. Director of Business Development
(807) 737-5353 (416) 844-9969
[email protected] [email protected]
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known and
unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and
resources, exploration results, and future plans and objectives of the Company are forward looking
statements that involve various risks. The following are important factors that could cause the
Company’s actual results to differ materially from those expressed or implied by such forward looking
statements: changes in the world-wide price of mineral commodities, general market conditions, risks
inherent in mineral exploration, risks associated with development, construction and mining operations,
the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no
assurance that forward-looking statements will prove to be accurate as actual results and future events
may differ materially from those anticipated in such statements. AurCrest undertakes no obligation to
update such forward-looking statements if circumstances or management’s estimates or opinions should
change. The reader is cautioned not to place undue reliance on such forward-looking statements.
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.