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Carlyle Announces Share Issuances to Consultants

Share Capital & Compensation

1500 – 409 Granville Street, Vancouver, British Columbia V6C 1T2

News Release

CARLYLE ANNOUNCES SHARE ISSUANCES TO CONSULTANTS

May 12, 2023 CSE:CCC | FSE:BJ4 | OTCQB:CCCFF

CARLYLE COMMODITIES CORP. (CSE:CCC, FSE: BJ4, OTC QB:CCCFF) (“Carlyle” or the “ Company”)

announces that it has issued an aggregate of 343,325 common shares in the capital of the Company

(each, a “Share”) to two consultants engaged by the Company, as follows:

Date of Issue No. of Shares Deemed Price per Share

January 4, 2023 47,407 $0.169

February 7, 2023 37,426 $0.214

March 9, 2023 63,333 $0.15

April 10, 2023 93,826 $0.101

May 12, 2023 101,333 $0.094

Total: 343,325

The Shares being issued are payment for the services rendered by the consultant s at a price per Share

equal to the lowest permitted price by the applicable policies of t he 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. 302,511 Shares of the total issued have a hold

period of four months and a day from issuance.

About Carlyle

Carlyle is a mineral exploration company focused on the acquisition, exploration, and development of

mineral resource properties. Carlyle owns 100% of the Newton Project in the Clinton Mining Division of

B.C. and is listed on the CSE under the symbol “CCC”, on the OTCQB Market under the ticker CCCFF, and

on the Frankfurt Exchange under the ticker BJ4.

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: [email protected]

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).