Carlyle Commodities Corp. closed a non-brokered private placement, pursuant to which it issued an aggregate of 1,341,666 units at a price of CAD 0.15 per unit for gross proceeds of CAD 201,250 on March 22, 2023. Each unit consists of one common share in the capital of the Company and one-half of one Share purchase warrant of the Company with each Warrant entitling the holder thereof to purchase one additional Share at a price of CAD 0.375 per Warrant Share for a period of thirty-six months following issuance.

Finder's commission of 53,333 finder's warrants exercisable at a price of CAD 0.15 each into 53,333 units of the company were issued in connection with the closing of the offering. Each finder unit consists of one share and one-half of one warrant, with each warrant entitling the holder thereof to purchase one warrant share at a price of CAD 0.375 per warrant share for a period of thirty-six months following issuance. All securities issued in connection with the Offering are subject to a statutory hold period expiring four months and one day after the date of issuance.