LEADING THE WAY IN CARBON CAPTURE AND UTILIZATION JUNE 2018

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FORWARD LOOKING STATEMENTS

All statements in this presentation that are other than statements of historical facts are forward-looking statements which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should” and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. A number of factors may affect our future results and may cause thoseresults to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our early stage of technology development; our need for capital to finance necessary research and product development; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated futureevents and conditions. For further information concerning risks and uncertainties that may affect our future results, please review the disclosures as may be contained from time to time in our filings with SEDAR. Other than as required by applicable securities laws, we undertake no obligation to publicly update or revise any of our forward-looking statements, whether as a result of changed circumstances, new information, future events, or for any other reason occurring after the date of this presentation. This presentation does not constitute an offer to sell or solicitation of an offer to buy securities in any jurisdiction.

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A CARBONTECH COMPANY

• Leader in CO2 Capture and Utilization (CCU)

• Addressable market: • $3B annually for CO2 as an industrial gas• Growing with expansion of CO2 utilization

• Two on-going projects• St-Felicien: first commercial capture project• VCQ: leading CCU demonstration project

• Proprietary technology• 90+ patents – granted and pending

• Publicly-traded on TSX-V (CST)

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LOW-COST DISRUPTIVE TECHNOLOGY

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INDUSTRIAL LUNG FOR CARBON CAPTUREMimicking nature using carbonic anhydrase (CA)

CO2 SOLUTIONS PROCESS

NO TOXIC WASTE

Lean Solvent

Rich Solvent

Scrubbed Flue Gas

Hot Water

Enzyme

CO2 Stripper Column

CO2 Absorber Column

Flue Gas with CO2

Pure CO2 (>99%) forReuse and/or Sequestration

STANDARD GAS TREATMENT EQUIPMENT

LOW-COST “COMMODITY”

SOLVENT

LOW-GRADE HEAT FOR REGENERATION ENERGY

BEST-IN-CLASSPROPRIETARY ENZYME

NO TOXIC AEROSOLSPURE CO2

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PROJECT PERFORMANCE & OPERATION

• Low cost through use of low-grade heat• Environmentally friendly• Demonstrated at large scale• Validated by third parties• Multiple cost reduction efforts in

progress• Reduced cost of enzyme• Use of alternative materials• High-intensity, small footprint contactors

TECHNOLOGY SCALE-UP

<20140.5 tpd

2014-20151 tpd

201510 tpd

tpd = metric tonnes CO2 captured per day

In discussions for commercial projects up to 90 tpd

201710 + 10 tpd

201830 tpd

2016: first commercial agreement signed

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ROBUST PATENT PORTFOLIO

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Areas of Carbonic

Anhydrase CO2 Capture Application

SOLVENTSAminesCarbonatesAmino AcidsCombinations

PROCESSESPacked Tower

Spray ScrubberBubble Column

Universal

INDUSTRIAL SECTORSPowerSteam‘Drop-in’ Applications

STRENGTHChallenged

multiple times, won each time, main challenger out of business

*as at March 31, 2018

Broad patent portfolio for use of carbonic anhydrase in Canada, U.S., EU, China, Australia, India and other markets

57 issued*

37 pending*

Patent portfolio value per in excess of US$ 18M

$5 BILLION+ PER ANNUM OPPORTUNITY

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COMMERCIAL CO2 AS AN INDUSTRIAL GASExamples:

EOR, Food and beverage, Canadian greenhouse market:Opportunity: EOR per annum >$1 billion, other >$2 billion

Total Opportunity >$3 billion

MITIGATION & SEQUESTRATION

IEA states CCS to contribute 13% of total CO2 reduction to meet COP21 objective -this translates into 3.4Gtpa to be captured

Assuming a licensing model with $1.80/t royalties, corresponding enzyme revenues

and a 10% market share, this translates into a >$1.3billion per annum

opportunity for CSI before site licence fees

Enhanced Oil Recovery Carbonation

Pulp and PaperGreenhouses Chemicals Algae

Cement and AggregatesFuels Animal Feed Plastics

CO2 UTILIZATION • According to the Global CO2 Initiative, by 2030, products created through CO2 utilization could generate

$800 billion to 1.2 trillion in annual revenues and reduce CO2 emissions by 15%

CAPTURE AND UTILIZATION OPPORTUNITIES

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• PARIS AGREEMENT ON CLIMATE CHANGE

Keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels

IEA estimates that in order to meet COP21 goal, CCS needs to contribute 13% (120 Gt) of CO2 emissions reduction target from 2015-2050

• CO2 FOR COMMERCIAL REUSE

Capturing CO2 and reselling as input for industrial processes is a growing market

CO2 is supply restricted (= expensive) in many geographic regions

CSI: Addressing local inefficiencies in CO2 supply

BUSINESS MODEL

Phase I – Initial market penetration and commercialization (in progress)• Sign one influential customer per industry

sector to establish track record

• Design, Build, Operate, Maintain (DBOM) CO2capture plants

• Revenues generated through:• supply of CO2 gas to industrial consumers via

take-or-pay agreement• shared carbon credits and base amount

regardless of CO2 quantity purchased

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Phase II – Licensing• Provide high level engineering design, technical and

customer support services• Technology license fees• Receive royalties – one-time and/or per CO2

volume captured• Revenues from ongoing enzyme supply

Supplemental revenues through selling enzyme• E.g. efficiency enhancer for algae growth

(biofuels production)First contract signed

Engineering completed

First sale contracted

ONE PROJECT, TWO CUSTOMERS

SERRES TOUNDRA (ST)Saint-Félicien, QC

Capture of up to 30tpd CO2 from Resolute Forest Products’ (RFP) pulp mill• Utilize mill’s low-grade / waste heat for process• Reduce CO2 output form mill• Share carbon creditsSupply of captured CO2 to neighboring ST greenhouse complex through binding offtake agreement

Full CO2 value chain enabled by CO2 Solutions’ technology

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BUSINESS MODEL:ST: 10 year CO2offtake agreement

RFP: 50/50 share carbon credits

According to the Global CO2 Initiative, by 2030, products created through CO2utilization could generate between $800 billion and $1.2 trillion in annual sales and reduce CO2 emissions by 10% to 15%.

Chemicals Fuels Animal Feed Materials13

FUNDING

Leadership and management by CO2 Solutions Inc.

Over a five-year (2017-2022) term, to accelerate the development and demonstration of large-scale

CO2 capture and utilization (CCU) technologies and, in so doing, create the new Carbon Economy.

Government of Québec: $22.5MIn-kind from partners: $5.0M (CO2 Solutions / Hatch / Parachem / GCC)Industrial partner: $1.0M (Total SA)Total (to date): $28.5M

FOUNDING PARTNERS

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SITE

VCQ DEMONSTRATION SITECHIMIE PARACHEM

www.parachem.ca JV: 51% Suncor / 49% Québec GovernmentProducer of paraxyleneMontreal-East industrial site30 minutes from downtown Montreal; one hour from international airport (YUL)

AVAILABLE AT VCQ SITE

30 000 sq. ft. Flue gas from natural gas boiler10 tpd pure CO2 (produced by capture unit)HydrogenWater: cooling, fresh, hot, and treatmentCompressed airOffices, operatorsElectric power

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10 TONNE PER DAY CO2 CAPTURE UNIT

OPERATING AT PARACHEM SITE

SINCE AUGUST 2017

TechnologiesFounders

ServicesEnd-Users

Industrials

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OBJECTIVE AND USE OF FUNDS

• Objective: To capitalize CO2 Solutions to enable the company to complete itsongoing commercial projects, implement its business plan and optimize shareholdervalue.

• Use of funds: Funds will be used for general working capital requirements as well forproviding the equity portion in commercial projects. This fundraise, in conjunctionwith other financing initiatives, will allow the Corporation to implement its businessplan and generating revenues by 2019, profits by 2020 and cash positive by 2021.

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APPROACH

• Strategy: To contact up to 5 investment bankers targeted for their expertise andappetite for the cleantech sector and enter into an agreement with one amongstthem to lead the transaction.

• Senarios: All scenarios that will allow the Corporation to meet its capitalizationobjectives will be considered, including but not limited to:

Investments from strategic partners from target verticals: Power, Oil and Gas, Cement, Metallurgy and Pulp & Paper

Public/private investments in debt or equityPrivatization or M&A by a strategic partner

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WRAP-UP- CO2 SOLUTIONS INC

• Leader in the field of enzyme-based CO2 capture – Lowest cost solution

• No environmental impact (non-toxic)

• First commercial contract signed

• Strong and growing opportunity pipeline

• 57 issued and 37 pending patents

• Over $50 million invested to date

• 50/50 – private/public financing

• 25 employees, including 7 PhDs

• First-tier international engineering firms to accelerate Business Development

• VCQ drives leadership in CO2 utilization

JOIN US TO CREATE THE NEW CARBON

ECONOMYTOGETHER!

E-mailinfo@co2solutions.com

Website:www.Co2solutions.com

T: 418-842-3456

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