Carbon Friendly Solutions Forms New Entity for Bio Energy Facility Project

Carbon Friendly Solutions Inc. (TSX Venture Exchange: CFQ) ("CFS" or the "Company") is pleased to announce that the Company has, subject to prior TSX Venture Exchange (the "Exchange") approval to certain provisions thereof, recently formed and incorporated Pacific Briquetters Inc. ("PBI"), a non-reporting British Columbia company, for the present and proposed purpose of owning, financing, developing, constructing and operating a proposed briquette and bio energy manufacturing and distribution facility and business to be operated on certain lands and premises located in Mission, BC (the "Premises"), which are owned and operated by an affiliate of 0733403 B.C. Ltd. ("TCG") which, in consideration thereof, is intended to be a 25% shareholder, with the Company as to 75%, in PBI going forward (collectively, the "Venture").

TCG is a third generation, family owned group of building product companies with operations in British Columbia, Washington and Oregon.

Concurrent with the formation and incorporation of PBI, together with the allocation of its respective shareholdings as between the Company (as to 75%) and TCG (as to 25%), the parties to the Venture have now entered into a reasonably all-encompassing Shareholders' Agreement (the "Shareholders' Agreement") which delineates their respective duties and obligations respecting PBI going forward.

Source: http://www.carbonfriendly.com/

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