Big Tree is Pleased to Acknowledge the Publication of Regulations for Canada’s Greenhouse Gas (GHG) Offset Credit System
Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636
Big Tree is Pleased to Acknowledge the Publication of Regulations for Canada’s
Greenhouse Gas (GHG) Offset Credit System
NEWS RELEASE FOR IMMEDIATE RELEASE
JUNE 16, 2022 TSXV Symbol: AGO
Toronto, Ontario, June 16, 2022 – Big Tree Carbon Inc. (the “Company” or “Big Tree”)
(TSXV:AGO) is pleased to recognize that the Government of Canada (“Canada”) has published
the Canadian Greenhouse Gas Offset Credit System Regulations (“GHG OCSR”) in the Canada
Gazette and has activated the Credit and Tracking System (“CATS”).
The GHG OCSR enables project proponents to generate federal offset credits if they register and
implement projects that reduce Greenhouse Gas (GHG) emissions or remove GHGs following a
published federal offset protocol. Offset credits can be sold and used for compliance by facilities
covered in the federal Output Based Pricing System (“OBPS”) or sold and used by others who
are looking to meet voluntary climate targets or commitments.
Canada’s CATS is live and will be used to track registration, reporting and federal offset credit
issuance, transfer, retirement, suspension, revocation, and cancellation as well as compliance
obligations and remittance of compliance units and any payments under Canada’s Greenhouse
Gas (GHG) Offset Credit System.
Canada had also released a publication entitled “Carbon Pollution Pricing: Considerations for
Facilitating Indigenous Participation in the Federal GHG Offset System” (the “Indigenous
Participation Protocol”), which is available for public comment until September 2, 2022. The
Indigenous Participation Protocol describes Canada’s vision of inclusion of First Nations within
the GHG OCSR framework, which very much fits Big Tree’s vision of inclusion of First Nations
developed over the past 15 years. Big Tree is continuing to focus its business on enhancing its
ongoing relationships with First Nations across Canada.
The Indigenous Participation Protocol indicates that Environment and Climate Change Canada
(“ECCC”) is currently in the process of developing a federal GHG offset protocol to recognize
GHG reductions achieved through improved forest management practices. ECCC has also
indicated the potential for future development of federal GHG offset protocols for forest-based
project types to recognize carbon sequestration from afforestation/reforestation and avoided
carbon release through avoided conversion of forests. These protocols will influence the
development of Big Tree’s Lac Seul and Agoke projects.
Christopher Angeconeb, Chief Executive Officer of Big Tree said: “We are very excited to see
these developments from the Government of Canada and now feel the light is green with respect
to pushing our projects forward.”
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Suite 3600, 22 Adelaide Street West, Toronto, Ontario Canada M5H 4E3 · Tel: (807) 737-5353 · Fax (416) 865-6636
WE ARE BIG TREE!
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 O ntario,
which include the Richardson Lake, Ranger Lake, Dancing Man and Bridget Lake gold properties.
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.