Delta CleanTech Inc C.DELT

News on sedar

[lscfa]

  CARBON RX POSITIONED FOR SIGNIFICANT ADVANCES IN

CARBON MARKET

Calgary, Alberta – February 2, 2024 – Delta CleanTech Inc. (“Delta” or the “Company”) (CSE:DELT, FRA:

66C, OTCQB:DCTIF), the parent company of Carbon RX Inc. ("Carbon RX"), is pleased to announce a series

of significant advancements in Carbon RX's operations and strategic initiatives. These developments

create strategic advantages in core areas of the business and position the organization for growth in 2024.

Jeff Allison, CEO of Delta, remarks: "In 2023, Boston Consulting Group, an American global management

consulting firm and one of the Big Three1, reported the voluntary carbon market grew at a record pace,

reaching $2 billion. By 2030, the carbon market is expected to reach between $10 billion and $40 billion.

Carbon RX is a key carbon credit originator and contributor to the Delta suite of companies. The

complimentary nature of our decarbonization technologies, and the application of hydrocarbon and

nature-based carbon credit offsets from Carbon RX, work hand in hand, assisting corporations to achieve

their net zero targets.”

Marty Seymour, CEO of the Carbon RX division added: "Our business has been gaining momentum. To be

successful in the carbon crediting business, we needed a foundational carbon credit methodology like the

RX Regenerative Agriculture Protocol (“RX Protocol”) we developed with the Pure Sky Registry, active

sales agreements, and strategic partnerships. I’m pleased with the team and the voluntary carbon credits

market for responding positively to our approach.”

Voluntary carbon credits are used by corporations who chose to voluntarily offset carbon emissions as

part of their ESG (Environmental, Social and Governance) and net zero reporting commitments. According

to a 2023 United Nations report, more than 9,000 companies have made commitments to achieve net

zero emissions2

. These commitments require a combination of carbon reduction practices and carbon

credit purchases. Carbon RX has entered into various agreements with multiple partners who desire to

purchase Canadian sourced carbon credits derived from First Nation projects.

Carbon RX believes digitization of carbon credits is foundational to the integrity of a healthy transparent

carbon credit economy. The importance of digitizing carbon credits removes the risk of double counting

and misrepresentation of carbon credit origin. Because of these beliefs, Carbon RX has cofounded the

Pure Sky Registry (“Pure Sky”).

Pure Sky is a modern, community-driven carbon credit registry that solves problems associated with

origination, digitizing, and streaming of carbon credits. Pure Sky is modeled after a decentralized

autonomous organization (“DAO”). Essentially a DAO is a type of company structure that operates with

no central governing body, but instead unites all stakeholders through a common, forward-looking goal.

For Pure Sky that common goal is a carbon credit registry that offers transparency, velocity and the

integrity that can only be achieved through its unique decentralized voting system. Carbon RX is

celebrating a major breakthrough with the approval of the RX Protocol housed within Pure Sky. The RX

Protocol, developed through a collaboration between Carbon RX and Dr. Tristan Skolrud of the University

of Saskatchewan, allows Carbon RX to utilize an integrated “reduction and removal of carbon credit”

framework for western Canadian farming operations. This RX Protocol is the first protocol on Pure Sky,

addressing specialized nitrogen and fuel reductions, in combination with soil organic carbon monitoring

over the 20-year lifespan of the project.

pg. 2

Carbon RX specializes in working with First Nations communities to monetize the carbon credits available

on their lands. With agreements in regenerative agriculture, grasslands management, and forestry,

Carbon RX offers a full-service solution to help First Nations manage their lands to achieve carbon credit

revenues, using a revenue sharing model. The first tradeable carbon credits in the Carbon RX pipeline

include a project using the RX Protocol, certified under the Pure Sky standard, and are expected to be

available for sale at the end of Quarter 1, 2024.

Delta CleanTech Inc. is a 19-year ESG-driven, recognized global technology leader specializing in

developing carbon mitigation products for energy transition industry. Delta continues to provide solutions

to clients all over the world in capturing and sequestering CO2, reclaiming industrial liquids and solvents

utilized in CO2 capture, destructing methane and waste gases utilizing the Methanator, as well as

originating, validating, digitizing, and streaming Carbon Credits through its subsidiary, Carbon RX.

Carbon RX Inc. is headquartered on Treaty 4 Territory in Regina, SK. Carbon RX specializes in the

origination and streaming of carbon credits. Backed by a team of agriculture, forestry, and hydrocarbon

experts. Carbon RX provides high-fidelity carbon credits to the voluntary carbon market, ultimately aiding

Canada in the race to net-zero emissions.

For more information contact:

Jeff Allison, President

Phone:[phone]

Email : [e-mail]

1. https://www.bcg.com/publications/2023/why-the-voluntary-carbon-market-is-thriving

2. https://www.un.org/en/climatechange/net-zero-coalition