TORONTO, June 25, 2024 -- Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp. (together, with affiliates, “**Base Carbon**”, or the “**Company**”), is pleased to announce the results of its Annual General and Special Meeting (the “**Meeting**”).

A total of 67,395,288 common shares, representing 56.234% of the issued and outstanding common shares of the Company, were represented at the Meeting. Five (5) directors were elected to the Company’s board for the ensuing year. The following is a tabulation of the votes submitted in person and by proxy:

<table>
  <thead>
    <tr>
      <th>Director Nominee</th>
      <th># of Votes in Favour</th>
      <th>% of Votes in Favour</th>
      <th># of Votes Withheld</th>
      <th>% of Votes Withheld</th>
    </tr>
  </thead>
  <tbody>
    <tr>
      <td>Catherine Flax</td>
      <td>63,552,577</td>
      <td>98.685%</td>
      <td>847,039</td>
      <td>1.315%</td>
    </tr>
    <tr>
      <td>Margot Naudie</td>
      <td>61,818,378</td>
      <td>95.992%</td>
      <td>2,581,238</td>
      <td>4.008%</td>
    </tr>
    <tr>
      <td>Bruce Tozer</td>
      <td>63,552,588</td>
      <td>98.685%</td>
      <td>847,028</td>
      <td>1.315%</td>
    </tr>
    <tr>
      <td>Michael Costa</td>
      <td>64,278,048</td>
      <td>99.811%</td>
      <td>121,568</td>
      <td>0.189%</td>
    </tr>
    <tr>
      <td>Andrew Fedak</td>
      <td>64,314,945</td>
      <td>99.869%</td>
      <td>84,671</td>
      <td>0.131%</td>
    </tr>
  </tbody>
</table>

Shareholders voted in favour of appointing KPMG LLP, Chartered Accountants, as auditors of the Company for the ensuing year and authorized the directors to fix their remuneration:
 
<table>
  <thead>
    <tr>
      <th># of Votes in Favour</th>
      <th>% of Votes in Favour</th>
      <th># of Votes Withheld</th>
      <th>% of Votes Withheld</th>
    </tr>
  </thead>
  <tbody>
    <tr>
      <td>66,872,709</td>
      <td>99.225%</td>
      <td>522,579</td>
      <td>0.775%</td>
    </tr>
  </tbody>
</table>

Shareholders also voted in favor of an ordinary resolution to approve, ratify and confirm the amended and restated equity incentive plan (the “Equity Incentive Plan”) and the unallocated shares underlying awards under the Equity Incentive Plan, the full text of which is set out in the information circular prepared for the Meeting.

<table>
  <thead>
    <tr>
      <th># of Votes in Favour</th>
      <th>% of Votes in Favour</th>
      <th># of Votes Withheld</th>
      <th>% of Votes Withheld</th>
    </tr>
  </thead>
  <tbody>
    <tr>
      <td>63,248,373</td>
      <td>98.212%</td>
      <td>1,151,243</td>
      <td>1.788%</td>
    </tr>
  </tbody>
</table>

For more information refer to the management information circular dated May 10, 2024, available on the Company’s profile at [www.sedarplus.ca](https://www.sedarplus.ca/landingpage/). 

### About Base Carbon

Base Carbon is a financier of projects involved primarily in the global voluntary carbon markets. We endeavor to be the preferred carbon project partner in providing capital and management resources to carbon removal and abatement projects globally and, where appropriate, will utilize technologies within the evolving environmental industries to enhance efficiencies, commercial credibility, and trading transparency. For more information, please visit [www.basecarbon.com](https://basecarbon.com/).

### Media and Investor Inquiries

Base Carbon Inc. <br>
Investor Relations <br>
Tel: +1 647 952 3979 <br>
E-mail: investorrelations@basecarbon.com

Media Inquiries <br>
E-mail: media@basecarbon.com <br>


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Base Carbon Announces Annual General and Special Meeting Results

Published on June 25, 2024

Base Carbon Announces Annual General and Special Meeting Results