NatureBank Asset Management : Announces Resignation of Director

Naturebank Announces Resignation of Director

June 3, 2021, Vancouver, British Columbia: NatureBank Asset Management Inc. (the 'Company') (TSX-V: COO, Frankfurt: 9EA) would like to announce the resignation of Mr. James Tansey, PhD, from the Board of Directors of the Company.

'It has been my pleasure to work both at the executive level and as a Board member for NatureBank over the last decade,' commented Mr. Tansey. 'I am greatly encouraged by the opportunities before the company and within the ESG space in general, and I leave knowing the executive and Board are well positioned to exploit these opportunities for the betterment of both the environment and our committed shareholders.'

Mr. Phil Cull, CEO and Director, commented: 'On behalf of the Board of Directors and the entire NatureBank team, I'd like to thank James for his unwavering commitment to the company and its growth - from the day he founded Offsetters many years ago. As a thought leader in the sustainability space, James was instrumental in helping establish and promote the value of nature-based solutions to tackle the climate challenges we face. We wish him the very best in his future endeavours, both as an entrepreneur and academic.'

The Board of the Company currently consists of Harry Assenmacher, Alexander Zang, Eduard Weber-Bemnet, Phil Cull, Gary Bull and Guy O'loughnane.

Phil Cull
CEO

NatureBank Asset Management Inc.

About NatureBank

NatureBank specializes in advisory, technology and project investment services applied to sustainable commodities and ecological assets, with a primary focus on carbon. We provide our customers with a multidisciplinary approach to managing risk, enhancing asset performance and securing commercial returns. While managing climate change risk, we improve livelihoods and sustainability in project regions. Through our advisory services team and our subsidiary company, Offsetters, we help organizations understand, reduce and offset their climate impact. With offices in Vancouver, British Columbia; and Portland, Oregon; our team has a global reach. We have worked with over 200 leading business organizations.NatureBank is a publicly listed company on the Toronto Venture Exchange (TSX-V:COO) and in Frankfurt:9EA. Please visit us at www.NatureBank.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.

Forward Looking Statements

This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the anticipated terms of any proposed transaction or engagement. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Furthermore, the Company is presently unable to fully quantify the impact that the Covid-19 pandemic will have on its operations and recognizes that certain eventualities may affect planned or assumed performance moving forward. Negative impacts, such as limitations on our employees' ability to travel to international project sites or our customer's inability to perform to expectation as a result of the pandemic may result in outcomes that are different than those currently expected. As such, any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

For more information regrading the Company, please contact:

David Rokoss

NatureBank Asset Management Inc.
Suite 300 - 948 Homer Street,
Vancouver BC, V6B 2W7
Telephone: [phone]
Email: [e-mail]

Naturebank Announces Closing of Updated Convertible Debenture Offering for Proceeds of $250,000 and Receives Exchange Approval for Restricted Share Unit Plan

Offsetters Signs LOI with Forest Finance Service GmbH to Expand Natural Asset Management Business