CO2 Solutions Inc. (TSXV:CST.H) filed a notice of intention to make a proposal (the "Notice") pursuant to the provisions of Part III of the Bankruptcy and Insolvency Act (Canada). The filing of the Notice follows the review of the Corporation's strategic alternatives by a committee of its board of directors formed of all the independent directors of the board (the "Special Committee"). While under protection, the Corporation, with the support of the Special Committee and under E&Y's supervision, will continue with its efforts to pursue strategic alternatives. There can be no assurance that the strategic process will result in the realization of any specific transaction or agreement. The Corporation does not plan to make future comments about the status of this strategic process unless there are material developments.