CO2 Solution Applauds Canadian Government for Budget Commitment to Carbon Capture

    CO2 Solution Provides Made-in-Canada Biomimetic Technology Solution for
    Carbon Capture

    Trading symbol: CST
    Outstanding shares: 50,261,136

    QUEBEC CITY, Feb. 2 /CNW Telbec/ - CO2 Solution Inc. ("CO2 Solution" or
the "Company") announced today that it applauds the Government of Canada's
funding commitment to carbon capture as part of its Budget 2009 program
entitled "Canada's Economic Action Plan" (the "Plan") released January 27,
2009. As part of the Plan, the government announced $1 Billion in new funding
to support clean energy technologies over the next five years, including $150
Million for research and $850 Million for the "development and demonstration
of promising technologies, including large-scale carbon capture and storage
    Described in the Plan as "Transformation to a Green Energy Economy", this
funding supports the government's commitment to reducing Canada's total
greenhouse gas (GHG) emissions by 20% by 2020. The Plan further stated that
"Clean-energy technologies have the potential to make a significant
contribution by reducing emissions from the production and use of energy, and
creating new opportunities as Canada transitions toward a greener global
economy. This is particularly the case for technologies that capture carbon
dioxide, one of the most important greenhouse gases, at the point of
production in industrial facilities and safely store it underground."
    Based in Quebec City, Quebec, CO2 Solution has developed a patented
enzyme based technology for carbon dioxide (CO2) capture for carbon-intensive
industries. The Company believes that its technology will allow for the
capture of CO2 with significantly greater efficiency than with conventional
technology and, when fully commercialized, will allow large emitters to meet
the requirements of climate change legislation in a cost effective manner. CO2
Solution intends to provide its technology to the power generation and
industrial sectors in Canada, the United States and abroad.
    Commenting on the government's action, Glenn Kelly, President & CEO
stated "We are very pleased to see this expanded commitment to carbon capture
by the Government of Canada, and its view that deployment of the technology is
important to Canada meeting its greenhouse gas reduction goals, while
benefiting the economy by fostering the growth of the Canadian clean- tech

    About CO2 Solution

    CO2 Solution Inc. has developed a proprietary bio-technological platform
for the efficient capture of carbon dioxide (CO2), the most important
greenhouse gas (GHG), from power plants and other large stationary sources of
emissions. The Company's technology platform exploits the natural power of a
biocatalyst (enzyme), carbonic anhydrase, which functions within humans and
other mammals to manage CO2 during respiration. CO2 Solution has successfully
adapted the enzyme to function within an industrial environment, and thus has
taken advantage of a biomimetic approach to CO2 capture based on millions of
years of evolution. The Company is commercializing its technology for coal
fired power generation, the oil sands and other CO2- intensive industries
where a low-cost capture solution is key to meeting climate change legislation
in a cost effective manner. News releases and additional information are
available at

    The TSX Venture Exchange has neither approved nor disapproved the
    information contained herein and accepts no responsibility for it.

For further information:

For further information: Annie Chiasson, Director, Corporate Affairs,
(418) 842-3456,;; Source:
CO2 Solution Inc.

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