CARLYLE COMMODITIES CORP. (CSE:CCC, FSE:BJ4, OTC:DLRYF) (“Carlyle” or the “Company”) is pleased to announce that, further to its news release dated December 28, 2022, it has closed the second and final tranche (the “Final Tranche”) of its previously announced non-brokered private placement of flow-through-units of the Company (the “Offering”) consisting of 200,000 units (each, a “Unit”) of the Company at a price of $0.25 per Unit for gross aggregate proceeds of $50,000.

CARLYLE COMMODITIES CORP. (CSE:CCC, FSE:BJ4, OTC:DLRYF) (“Carlyle” or the “Company”) is pleased to announce a non-brokered private placement consisting of the issuance of up to 1,000,000 flow-through-units (each a “Unit”) of the Company at a price of $0.25 per Unit for gross proceeds of up to $250,000 (the “Offering”), pursuant to which it has closed an initial tranche of 800,000 Units for total gross proceeds of $200,000 (the “First Tranche”).

CARLYLE COMMODITIES CORP. (CSE:CCC, FSE:BJ4, OTC:DLRYF) (“Carlyle” or the “Company”) announces that it has granted 325,000 options (each, a “Option”) to a consultant of the Company for the purchase of up to 325,000 common shares (each, a “Share”) in the capital of the Company, pursuant to the Company’s Stock Option Plan. Each Option vested immediately and is exercisable for a period of five (5) years at an exercise price of $0.25 per Share.

CARLYLE COMMODITIES CORP. (CSE:CCC, FSE:BJ4, OTC:DLRYF) (“Carlyle” or the “Company”) announces that it has issued an aggregate of 128,983 common shares (collectively, the “Shares”) in the capital of the Company at a deemed price of $0.1725 per Share to two corporate strategy and business development consultants currently engaged by the Company as well as in settlement of $12,500 in debt payable for prior legal services rendered to the Company. Accordingly, the Shares were issued to each respective consultant pursuant to the terms of a consulting agreement entered into between the Company and such consultant, and all Shares were issued at a price per Share equal to the lowest permitted price by the applicable policies of the Canadian Securities Exchange (“CSE”). The Shares were issued pursuant to the prospectus exemptions provided under Sections 2.24 and 2.14 of National Instrument 45-106 – Prospectus Exemptions. All Shares have a hold period of four months and a day.

CARLYLE COMMODITIES CORP. (CSE:CCC, FSE:BJ4, OTC:DLRYF) (“Carlyle” or the “Company”) is pleased to provide the following update to its shareholders of which the Company has made progress on various fronts during the second half of 2022, including in recent weeks at its 100% owned Newton Project (the “Newton Project”), as further detailed below.