TORONTO, June 25, 2025 -- 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 Shareholder Meeting (the “Meeting”).

A total of 57,044,319 common shares, representing 52.60% of the issued and outstanding common shares of the Company, were represented at the Meeting. Six (6) 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>55,679,343</td>
      <td>97.761%</td>
      <td>1,274,976</td>
      <td>2.239%</td>
    </tr>
    <tr>
      <td>Margot Naudie</td>
      <td>53,811,527</td>
      <td>94.842%</td>
      <td>2,926,814</td>
      <td>5.158%</td>
    </tr>
    <tr>
      <td>Bruce Tozer</td>
      <td>55,639,843</td>
      <td>97.538%</td>
      <td>1,404,476 </td>
      <td>2.462%</td>
    </tr>
    <tr>
      <td>Michael Costa</td>
      <td>56,809,366</td>
      <td>99.588%</td>
      <td>234,953</td>
      <td>0.412%</td>
    </tr>
    <tr>
      <td>Andrew Fedak</td>
      <td>56,788,673</td>
      <td>99.552%</td>
      <td>255,646</td>
      <td>0.448%</td>
      </tr>
    <tr>
      <td>Adrian Morante</td>
      <td>56,809,366</td>
      <td>99.588%</td>
      <td>234,953</td>
      <td>0.412%</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 Against</th>
      <th>% of Votes Against</th>
    </tr>
  </thead>
  <tbody>
    <tr>
      <td>53,389,021</td>
      <td>93.592%</td>
      <td>3,655,298</td>
      <td>6.408%</td>
    </tr>
  </tbody>
</table>

For more information refer to the management information circular dated May 15, 2025, 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 Shareholder Meeting Results

Published on June 25, 2025

Base Carbon Announces Shareholder Meeting Results