Carbon Friendly announces extension of Warrants

VANCOUVER, Aug. 20 /CNW/ - Carbon Friendly Solutions Inc. (TSX Venture Exchange: CFQ) ("CFS" or the "Company") (http://www.carbonfriendly.com) announces that it proposes to extend the expiry date of its 2,072,500 outstanding common share purchase warrants issued as part of a private placement on August 29, 2008 (the "Warrants"); presently scheduled to expire on August 29, 2010; to August 29, 2012. The exercise price for the Warrants remains at $0.75 per common share. The total number of Warrants issued pursuant to the private placement was 2,072,500. No Warrants have been exercised to date.

The extension of the expiry date of the Warrants is subject to the approval of the TSX Venture Exchange.

About Carbon Friendly Solutions Inc.

Carbon Friendly Solutions Inc. provides solutions and products for companies; organizations and individuals looking to reduce or offset their global warming impact caused by greenhouse gas ("GHG") emissions, while including the generation of carbon credits for sale in the global Voluntary and Compliance markets. Through its subsidiaries, Global CO2 Reduction Inc., CO2 Reduction Poland Sp. z o.o. and Pacific Briquetter's Inc., CFS is focusing on removing and offsetting GHG emissions from the development of reforestation projects, biomass energy products and renewable energy technology projects that are independently validated and verified to globally recognized standards and methodologies. Website address www.carbonfriendly.com

    
    On behalf of the Board of Directors
    Carbon Friendly Solutions Inc.

    "Michael Young"
    CEO and a director
    

Certain statements included in this News Release contain forward-looking statements, including disclosure concerning possible or assumed future results of operations of the Company. Forward-looking statements typically are preceded by, followed by or include the words - "believes," "expects," "anticipates," "estimates," "intends," "plans," "or similar expressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions, and the Company's results could differ materially from those anticipated in these forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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