CO2 Solutions Announces Changes to Management Team and Board of Directors

TSX-V: CST
Outstanding Shares: 79,687,836

QUEBEC CITY, May 6, 2013 /CNW/ - CO₂ Solutions Inc. (TSX-V: CST), an innovator in the field of enzyme-enabled carbon capture technology, today announced that Mr. Glenn R. Kelly has been appointed Chairman of the Board of Directors and will be replaced by current Chairman, Mr. Evan Price as President and CEO.

"We both joined the CO₂ team in 2008 and have worked closely together since then to propel the company forward," commented Mr. Price and Mr. Kelly. "We look forward to working together in our new roles to ensure the continuity of the business and our steady progress towards commercializing our carbon capture technology."

Mr. Price has previously led a number of technology companies including Domosys Corporation, a power line communication provider whose technology was sold to Analog Devices in 2009. In addition, he has a broad international experience in the hospitality and forest industries. Mr. Price is currently the Chairman of IOU Financial Inc., a CNSX listed company that is a leading online business loan provider in the United States.

He holds a bachelor's degree in Forestry Engineering from Laval University and an MBA (Honours) from INSEAD in Fontainebleau, France.

About CO₂ Solutions Inc.
CO₂ Solutions is an innovator in the field of enzyme-enabled carbon capture and has been actively working to develop and commercialize the technology for stationary sources of carbon pollution.  CO₂ Solutions' technology lowers the cost barrier to Carbon Capture, Sequestration and Utilization (CCSU), positioning it as a viable CO₂ mitigation tool, as well as enabling industry to derive profitable new products from these emissions.  CO₂ Solutions has built an extensive patent portfolio covering the use of carbonic anhydrase, or analogues thereof, for the efficient post‐combustion capture of carbon dioxide with low‐energy aqueous solvents.  Further information can be found at www.co2solutions.com.

CO₂ Solutions Forward-looking Statements
Certain statements in this news release may be forward-looking. These statements relate to future events or CO₂ Solutions' future economic performance and reflect the current assumptions and expectations of management. Certain unknown factors may affect the events, economic performance and results of operations described herein. CO₂ Solutions undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law.

Neither the 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.

SOURCE: CO2 SOLUTIONS INC.

Investor Relations and Media Contact:

CO₂ Solutions:  
Thom Skinner
418-842-3456, ext. 223 
[email protected]
www.co2solutions.com

Or

TMX Equicom
Adam Peeler
416-815-0700, ext. 225
[email protected]