CO2 Solutions Announces Further Exercise of Agent's Option

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX-V: CST

QUEBEC CITY, QC, Jan. 29, 2016 /CNW/ - CO₂ Solutions Inc. ("CO₂ Solutions" or the "Corporation") is pleased to announce that Euro Pacific Canada Inc. ("Euro Pacific"), the sole agent for its December 2015 public offering (the "Offering") of units (the "Units"), has exercised its option (the "Agent's Option") with regards to the sale of additional Units (the "Option Units") at a price of $1,000 per Option Unit in connection with the Offering.

The Agent's Option had been granted to Euro Pacific pursuant to an agency agreement entered into between Euro Pacific and the Corporation as of December 23, 2015 (the "Agency Agreement").

In connection with the Agent's Option, the Corporation has issued an additional 102 Option Units as of the date hereof, bringing the aggregate gross proceeds of the Offering, including the exercise of the Agent's Option on the date hereof, to $2,195,000. Each Option Unit consists of a 12% convertible secured debenture in the principal amount of $1,000 and 4,348 share purchase warrants of the Corporation.

Pursuant to the terms of the Agency Agreement, the Corporation paid to Euro Pacific a cash commission of $6,120 and issued 26,609 broker warrants to Euro Pacific, entitling the holder to purchase 26,609 common shares of the Corporation at a price of $0.24 per common share until June 30, 2017.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, or to, or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the United States Securities Act of 1933, as amended (the "U.S. Securities Act")). The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a "U.S. person" (as defined in Regulation S under the U.S. Securities Act) unless an exemption from such registration is available.

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 postcombustion capture of carbon dioxide with lowenergy 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. Forward-looking statements in this news release include, but are not limited to, the Corporation's anticipated use of proceeds. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, general business and economic uncertainties and adverse market conditions as well as those risks set out in the Corporation's public documents filed on SEDAR. Readers are cautioned not to place undue reliance on such forward-looking statements. 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 and Media Contact: Thom Skinner, 418-842-3456, ext. 223, [email protected], www.co2solutions.com