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CGN Carbon2Green Corporation

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Carbon2Green Corporation TSXV:CGN TSX Venture Common Stock
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Carbon2Green Partners With World Sports Alliance

14/09/2010 2:18pm

Marketwired Canada


Carbon2Green Corporation ("Carbon2Green" or the "Corporation") (TSX VENTURE:CGN)
is proud to announce the signing of a Framework Agreement with the
Intergovernmental Organization World Sports Alliance ("WSA" or the "Alliance")
(www.wsaigo.org) for the purpose of facilitating the establishment of Jatropha
Curcas plantation projects in WSA's 27 Member States and ensuring the required
financing of the projects.


The agreement provides for the appointment of Carbon2Green as WSA's Lead
Business Partner in the new WSA Jatropha-Bio-fuel Public-Private Partnership
(JBF-PPP) Program. This new program will focus on the establishment and
operation of Jatropha Curcas plantation projects and the production of Bio-fuel
in WSA's Member States. Organized within the framework of the WSA PPP format,
the new WSA JBF-PPP will enable the implementation of the WSA Infrastructure and
Human Resource Programs for the achievement of the Millennium Development Goals
(MDG) adopted by the United Nations in 2000.


As Lead Business Partner and Local Operator of the Jatropha-Bio-fuel PPP
Program's projects within WSA Member States, Carbon2Green will have the
responsibility for the development of the plantations and the construction of
the refineries for the oil produced from the Jatropha Curcas fruits. For periods
ranging between 20 to 25 years depending upon the Member State in which a
JBF-PPP is located, Carbon2Green will also have the responsibility for the
operation of the above mentioned refineries whose entire annual production will
be purchased by the participating Member State. As is the case with all other
WSA PPP Projects, the Jatropha Curcas plantation projects and their related
refineries will be owned by WSA until their transfer to the Participating Member
States at the end of the conclusion of the JBF-PPP Project.


As Project Manager of these projects within the WSA PPP framework, Carbon2Green
will receive a remuneration equivalent to 10% of the costs of installation of
both the plantations and the refineries, and as Local Operator, it will receive
an amount equivalent to 36.85% of the net profit derived from the projected
annual millions of liters sale of Bio-fuel to the Member State.


The installation of the financial architecture of each project remains WSA's
entire responsibility. WSA will ensure the integration of the projects and will
liaise between Carbon2Green, the financial partners and each participating
Member State. The financing of each project is based upon the discounted value
of the monetary flow generated by the production and sale of the Bio-fuel over
the 20 to 25 year duration of each Project.


Democratic Republic of Congo

WSA expects to conclude the first PPP Project with the Government of the
Democratic Republic of Congo (DRC) before the end of the next quarter.


Under the WSA PPP formula, this Project will integrate the pilot project which
Carbon2Green has initiated in the area of Bandundu in the DRC. This project
provides for the cultivation of 14.000 hectares of Jatropha Curcas on depleted
soil and thereafter its projected annual production of 24 million liters of
Bio-fuel.


Following the signature of the JBF-PPP Project with the DRC and the confirmation
of the required financing, a budget of about USD $27.6 Million will be allocated
by WSA to Carbon2Green as previously negotiated by the parties. This budget will
cover the commercial portion of the Jatropha-Bio-fuel PPP Project including the
implementation cost of the plantations and the production of Bio-fuel.


While the ownership of the JBF-PPP Project lies with WSA, the WSA JBF-PPP DRC
Project agreement provides that, in addition to its remuneration as Project
Manager and its participation in the net profits from the sale of the Bio-fuel
to the DRC, Carbon2Green will retain full ownership of the carbon credits which
the project will generate, which, when the project will be completed and
financed, is projected to generate up to 3.500.000 of tCERs by the end of 2021.


The Chairman of Carbon2Green's Board of directors stated that "WSA is the ideal
partner for us, because in addition to facilitating the establishment of the
Jatropha projects within its 27 Member States, and ensuring the financing of the
projects, we share WSA's same vision pertaining to the importance of sustainable
and environmental development, and also to the implications for private
companies within social development. This agreement reaffirms our shareholders'
belief and confidence in the spirit and in the growth potential of our company."


About World Sports Alliance (www.wsaigo.org)

WSA is an Intergovernmental Organization (IGO) organized under the Vienna
Convention on the Law of the Treaties of 1969 (THE UNITED NATIONS TREATY SERIES
vol. 1155, p.331, ENTERED IN FORCE ON 27 JANUARY 1980); having been constituted
on 20 May 2007 by the joint declaration of three Sovereign States, the Kingdom
of Morocco, the Dominican Republic and the Republic of Niger which adopted the
Rabat Declaration (UN-ECOSOC-E/2007/NGO/1) referred to as WSA's Constitutive
Act.


WSA continues the creation and development process of its "Development Fund" and
its "Heritage Fund", which will enable it to finance its projects, within the
framework of its Public-Private Partnership (PPP) Programs, within its
participating Member States, in order to fulfill its mission for the creation,
implementation and sustainability of its youth programs and to contribute to the
achievement of the United Nations Millennium Development Goals in order to built
a human, just and equitable society.


WSA uses Sports, Physical Education and Leisure as a catalyst to design and then
implement extracurricular youth training and educational Programs and a network
of youth sport community centers within the territory of its Member States for
the achievement of the MDGs. In order to finance its activities, WSA developed a
business model for the establishment of commercial ventures with each of its
Member States within their respective territories through the creation of PPPs.
These PPP's are business activities which join the public and private sectors in
order to generate income for its participant while meeting present and urgent
needs of the Member States within a framework aiming to preserve the
environment.


About Carbon2Green (www.carbon2green.ca)

Carbon2Green Corporation is a carbon project developer dedicated to the
international effort to reduce greenhouse gases. Its main activities are
integrated within the Clean Development Mechanism (CDM), which is an economic
mechanism elaborated under the Kyoto Protocol monitored by the United Nations
Framework Convention on Climate Change (UNFCCC).


Forward Looking Information Caution: 

This press release presents "forward-looking statements" within the meaning of
Canadian securities legislation that involve inherent risks and uncertainties.
Forward-looking statements include, but are not limited to, statements with
respect to the realization of Jatropha Curcas plantation, the estimation of the
Bio-Fuel production from the Jatropha Curcas plantations, the capital
expenditures, the success of exploitation and transformation activities, the
delays for the financing, the permitting time lines, currency exchange rate
fluctuations, requirements for additional capital, government regulation of the
agricultural operations, unanticipated reclamation expenses, title disputes or
claims and limitations on insurance coverage. Generally, these forward-looking
statements can be identified by the use of forward looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". 


Forward-looking statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of the PPP Projects, to be materially different from
those expressed or implied by such forward looking statements, including but not
limited to: risks related to international operations, risks related to the
integration of acquisitions; risks related to joint venture operations; actual
results of current exploitation activities; actual results of current or future
reclamation activities; conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; future prices of Bio-fuel and
hydrocarbons; failure of equipment or processes to operate as anticipated;
accidents, labor disputes and other risks of the agricultural industry; and
delays in obtaining governmental approvals or financing or in the completion of
development or construction activities. Although the management and officers of
Carbon2Green believe that the expectations reflected in such forward-looking
statements are based upon reasonable assumptions and have attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. Carbon2Green does not undertake to update any forward-looking
statements that are incorporated by reference herein, except in accordance with
applicable securities laws.


Neither TSX Venture Exchange nor its Regulation Services Provider (as the term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


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