ANCASTER, ONTARIO--(Marketwired - June 19, 2015) - Robert Manherz, a director of CO2 Solutions Inc. (the "Corporation"), announced today that he has acquired an additional interest in the Corporation.

On June 19, 2015, the Corporation exercised its right to convert the Corporation's 10% convertible subordinated debentures due June 30, 2016 (the "Debentures") into an aggregate of 9,883,333 of common shares of the Corporation (the "Common Shares") at a deemed issuance price of $0.12 per Common Share (the "Conversion").

Concurrently with the Conversion, the Corporation issued, in payment of accrued interest owing on the Debentures as of June 19, 2015, an aggregate of 413,764 Common Shares to holders of Debentures, at a deemed price of $0.278 per Common Share (collectively with the Conversion, the "Debenture Transactions").

Robert Manherz received an aggregate of 7,319,099 Common Shares pursuant to the Debenture Transactions.

After the completion of the Debenture Transactions and including the prior acquisition by Mr. Manherz, as part of a private placement closed on June 5, 2015, of 2,800,000 units of the Corporation at a price $0.25 per unit comprised of one Common Share and one common share purchase warrant, Mr. Manherz has ownership and control over 22,092,213 Common Shares, 100,000 options to purchase Common Shares (the "Options") and 8,312,781 common share purchase warrants (the "Warrants"), representing approximately 17.38% of the Corporation's issued and outstanding Common Shares on a non-diluted basis, and 22.51% of the Corporation's issued and outstanding Common Shares, assuming exercise and conversion of all the Options and Warrants held by Mr. Manherz.

Mr. Manherz and his affiliates have agreed not to exercise any of the Warrants where such exercise would give Mr. Manherz and his affiliates control over 20% or more of the Corporation's voting securities, on a non-diluted basis, without prior approval from the disinterested shareholders of Corporation. Mr. Manherz could increase or decrease his investment in the Corporation depending on market conditions or any other relevant factor.

An early warning report in respect of the above noted transaction will be filed on SEDAR.

Contact Information:

Thom Skinner
Senior Vice President, Finance and Chief Financial Officer
CO2 Solutions Inc.