Re: CARBON2GREEN – Update on the Bandundu Project and Change to the Executive Management
CARBON2GREEN CORPORATION
PRESS RELEASE
FOR IMMEDIATE RELEASE
TSX VENTURE SYMBOL: CGN
MAY 3, 2010
RE: CARBON2GREEN – UPDATE ON THE BANDUNDU PROJECT AND CHANGE TO THE EXECUTIVE MANAGEMENT
MONTREAL, QUEBEC, CANADA – Carbon2Green Corporation (the “Corporation” or “Carbon2Green”) announces, as indicated in its plantation plan, that it has completed the acquisition of development rights for 15,355 hectares of land and has obtained official approval from the Governor of Bandundu Province regarding the granting of these concessions. Also, the Corporation continued its development of large-scale tree nurseries for the production of jatropha plants and seedlings, with the assistance of the Institut National pour l’Étude et la Recherche Agronomiques (INERA). The INERA’s mission is to promote the scientific development of agriculture in the Democratic Republic of the Congo. Transplanting of the first seedlings began in February, with the aim of producing sufficient seeds for plantations anticipated for the fall of 2010. In total, the Corporation expects to plant 3,000 hectares in 2010
The management of the Corporation further announces the appointment of Mr. Yves C. Renaud, who is a Director of the Corporation, as Interim Chief Financial Officer of the Corporation, replacing Mr. Patrice Trudel who has resigned as CFO for personal reasons. Mr. Renaud has both titles of Chartered Accountant and Administrateur de Sociétés Certifié.
Carbon2Green also announces the establishment of an Executive Committee consisting of four members of the Board of Directors in order to, in particular, allow with the President and CEO, Mr. Louis Tourillon, the implementation of strategic directions and to support the Corporation’s
| senior management | in its coming negotiations for the completion of the contractual and financial |
| phases of the Bandundu Project. |
About Carbon2Green (www.carbon2green.ca)
Carbon2Green Corporation is a carbon project developer dedicated to the international effort to reduce greenhouse gases. Its main business activities are under the Clean Development Mechanism (CDM), an arrangement under the Kyoto Protocol monitored by the United Nations Framework Convention on Climate Change (UNFCCC). The first business initiative of Carbon2Green is the implementation of an electrification project in the Democratic Republic of Congo using biofuel produced from dedicated jatropha plantations as replacement for fossil derived diesel
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For more information, please contact:
Louis Tourillon, President and Chief Executive Officer Carbon2Green Corporation (450) 786-8990 (1001)