CO2 Solutions Inc. announced that the commissioning of the CO2 capture unit at Saint-Félicien will begin shortly. This milestone is occurring later than originally planned given the late delivery of certain components and the difficult weather conditions experienced during equipment installation this fall and winter. Currently, the Corporation estimates that, due to such delays, unforeseen equipment costs, and exchange rate variations, the total cost of the CO2 capture unit and ancillary equipment could attain $11 million, approximately $2.5 million higher than the October 2017 estimate provided by the Corporation's consulting engineers. Therefore, the Corporation is evaluating financing options given its current cash situation. The CO2 capture unit is currently undergoing pre-operation verifications of each of the unit's systems, after which the unit is expected to begin its operation and the first tonnes of CO2 are expected to be captured. Shortly thereafter, the Corporation expects to ramp up the overall capture rate to reach the unit's nominal capacity of 30 tonnes of CO2 per day. Once the capture unit reaches its nominal capacity, a six-month demonstration period is expected to begin, after which the Corporation would begin generating revenues from the sale of the CO2 to Serres Toundra. This unit will be the Corporation's second operating CO2 capture unit and its first commercial unit. It is expected to provide several benefits to its stakeholders, from generating revenues for CO2 Solutions, to reducing the CO2 emissions of Resolute pulp mill and enhancing the growth of Serres Toundra's greenhouse production. The Corporation continues to attract strong interest from corporations worldwide seeking a cost effective and environmentally friendly CO2 capture technology. Update on the VCQ Project: The Corporation continues to lead the world's most comprehensive CO2 capture and utilization demonstration project, Valorisation Carbone Québec (VCQ). Launched in February 2017, the objectives of this project are to develop and demonstrate commercially viable end-to-end solutions to capture and utilize CO2 in various applications while reducing greenhouse gas ("GHG") emissions. The first CO2 conversion technology, the conversion of captured CO2 into methanol and then dimethyl ether, is expected to be deployed in mid-2019.