Canada Carbon Receives Favourable Decision from CP

VANCOUVER, British Columbia, July 11, 2017 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the “Company”) (TSX-V: CCB ), (FF:U7N1) announces that Québec’s Agricultural Board (the Commission de protection du territoire agricole du Québec or “ CPTAQ ”) reversed its decision to suspend its review of the Company’s CPTAQ application. Further to a request for review filed on July 6 ^th , 2017 by the Company’s external legal counsel, McCarthy Tétrault LLP, the CPTAQ decided on July 10 ^th , 2017 to resume its review of the Company’s application and is expected to issue preliminary comments on this application as soon as possible (“ dans les meilleurs délais ”).

Canada Carbon Executive Chairman and Chief Executive Officer Mr. R. Bruce Duncan remarked, “We are pleased with the revised CPTAQ decision, which allows the Project’s permitting process to move forward in a timely manner. We look forward to receiving the CPTAQ comments on our application and continue in the meantime to work on the planning and development of our Flagship Miller Graphite and Marble Project.”

Canada Carbon has established a dedicated page on its website to host final environmental and other assessment reports, which will be updated as new information becomes available. The Miller Project Reports page can be accessed from the website home page, or by opening this link: https://www.canadacarbon.com/miller-project-reports . The Company will provide periodic updates via newspaper ads and flyers delivered to GSLR residents, and will hold further public meetings from time to time as the results of the Project feasibility study are made public and the quarry and mine permit applications are considered.

CANADA CARBON INC. “ R. Bruce Duncan ”

 CEO and Director

Contact Information E-mail inquiries: info@canadacarbon.com P: (604) 685-6375 F: (604) 909-1163

“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 contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions.  Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com ).