Corporate Presentation July 28, 2015

TSX-V: CX

Forward-looking Statements This document contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “will be”, “finalizing”, “establishing”, “upgrading”, “to start”, “estimate”, “forecast”, “increase”, “anticipated”, “expected”, and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. This document contains forward-looking statements and assumptions pertaining to the following: business strategy, strength and focus; successful testing of the products; the timing required to complete product testing; the Company’s ability to finalize leases related to production facilities; the Company’s ability to build and equip production facilities; the Company’s ability to obtain qualified staff and equipment in a timely and cost-efficient manner; supply and demand for the Company’s products; market prices for the Company’s products; the Company’s ability to market its products and obtain product orders; the Company’s ability to deliver into product orders; the Company’s ability to increase production and deliver into anticipated future product orders; cash flow from sale of the Company’s products; use of proceeds related to potential financings; future capital expenditures to be made by the Company; and the Company’s ability to expand its product range. Actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth below and elsewhere in the document, such as the changes in the cost of operations, including costs of producing and delivering the Company’s products to market, that affect potential profitability; operating hazards and risks inherent in the Company’s operations; volatility in market prices for the Company’s products; market conditions that prevent the Company from raising the funds necessary for development and manufacturing on acceptable terms or at all; global financial market events that cause volatility in demand or pricing for the Company’s products; unexpected costs or liabilities for environmental matters; competition for, among other things, capital, acquisitions of feedstock, skilled personnel, and access to equipment and services required for manufacturing and production; changes in exchange rates or taxation rates; failure to realize the anticipated benefits of acquisitions; and other factors. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements contained in the document are expressly qualified by this cautionary statement. These statements speak only as of the date of this document and the Company does not undertake to update any forward-looking statements that are contained in this document, except in accordance with applicable securities laws.

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Glossary

Carbon – a widely distributed element that forms organic compounds in combination with hydrogen, oxygen, etc., and that occurs as a solid in three forms (diamond, graphite, and carbon black)

Carbon (activated) – filtration medium, traps the impurities from liquid or gases in nano sized pores. One gram of activated carbon is 900 m2 of surface area, produced by heating and steam injecting carbon black to make it nano porous

Carbon black – a solid form of carbon, used as a strengthener for rubber and plastics, and also used in non oxide ceramics

CCC – carbon ceramic composite. Made with resin + fiber + carbon black fired in a high temperature furnace. The composite is formed when the resin is fired, thereby converting the associated combination of materials into a nano structured ceramic, which creates a 3D matrix providing optimum compressive and tensile strength to weight ratio

FRP – fiber reinforced plastic. Plastic based composite where the binder is plastic

Nanotechnology – making things smaller to increase surface area Micro – 1,000 microns = 1 millimeter Nano – 1,000 nanometers = 1 micron

Pultrusion – forming process similar to extrusion but with fibers in the long direction, pulled instead of pushed

Resin – binding agent, usually at temperature and with catalysts

Surface area – greater surface area increases strength, absorption, dispersion and conductive qualities

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Revolutionizing the Material World

CarbonOne is an advanced materials R&D and manufacturing company with world-wide rights to a suite of intellectual property with breakthrough developments in composite resin, furnace, and milling technologies. 1

Using these technologies, CarbonOne is initially focusing its efforts on: 1. C1Bar – composite rebar that is corrosion proof, lighter and

stronger than traditional steel rebar 2. C1Board – carbon ceramic composite board that can be produced

at different densities to compete with wood, metal, panel insulation and structural plastics

3. Activated carbon – low-cost production of a filtration medium 4. Defense products – armor with civil and military applications

4 1. Intellectual property licensed from United Materials Inc. with 3% royalties.

Experienced Team

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Executive Team John Proust, Chief Executive Officer

Jack Khorchidian, Chief Operating Officer Steve Rohring, Chief Technology Officer

Danny Lee, Chief Financial Officer William Hill, Vice President Production & Engineering Rhylin Bailie, VP Investor Relations & Communications

Eileen Au, Corporate Secretary

Strategic Advisors Alan Everett

Benjamin Dorfman Mary Wetzel

Marc LaCounte Neil Maedel

Mahlon Dennis Fred Deans

Directors (at conclusion of Transaction) John Proust – Chairman

Jack Khorchidian Robert Cross Gordon Keep

Murray Flanigan Morris Klid

Patrick Malkassian Haig Bagerdjian

Corporate Structure

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100%

CarbonOne Technologies Inc.

EcoCarbon Technologies Canada Inc.

EcoCarbon Technologies Canada Inc. (Licenses)

EcoCarbon USA Inc.

EcoCarbon Technologies Buffalo Inc. Composites Corp. Ceram Corp.

C1 Pultrusions LLC

Activated Carbon C1Board Defense Products

C1Bar

100%

100% 100% 100%

80%

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Composites Corp. C1Bar – Steel Rebar Replacement

• Composite rebar – Corrosion proof, extremely durable – Higher tensile strength than steel rebar – Lighter than steel rebar – Reduced transportation costs – Longer life span than steel rebar – Market demand for steel alternative

due to global failing infrastructure

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C1Bar – Superior Performance

• Low-cost manufacturing – Price comparable to epoxy coated steel, cheaper to produce – CarbonOne will be the highest quality, low-cost composite rebar

manufacturer in the United States

C1Bar – Manufacturing and Orders

• Joint venture with Martin Pultrusion C1 Pultrusions, LLC – Martin Pultrusion is a pioneer of pultrusion technology and the

leading manufacturer of pultrusion technology in the world

– Composites Corp. will provide intellectual property, equipment upgrades and funding, for 80% share of profits

– Martin Pultrusion will provide industry leading expertise and market knowledge, existing equipment and the initial production facility, for 20% share of profits

– Existing Viapul Pultrusion Plant (Martin subsidiary) in Cleveland, Ohio will be initial production plant

– Successful product testing completed, small quantities of product sold, engineering of commercial production machine underway 1

• Expressions of interest for pre-cast concrete applications

– Rockwerk Systems, Inc. (distributor to Dukane Precast)

9 1. Manufacturing of production machine will commence upon completion of financing.

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Composites Corp. C1Board – Plywood Replacement

C1Board – Superior Performance

• Carbon ceramic composite panels – Stronger and lighter than marine-grade plywood – Fire proof – Insect proof, rot proof – Impervious to water, mold and mildew – High insulation value – Eco-friendly and reduced transportation costs – Low cost comparable to marine grade plywood – Can be produced at different densities for use in

a range of applications • Low-cost manufacturing, high profit margins • Initial opportunities for RVs, utility trailers,

buses, delivery vans, pallets, utility poles, modular housing

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C1Board – Orders and Manufacturing

• CarbonOne has a strong relationship with TekModo of Elkhart, Indiana to explore the market for C1Board in the RV manufacturing industry 1

• Sample production of C1Board panels is underway, to be distributed to potential buyers for testing and feedback

• Following successful early production and testing, TekModo has indicated potential initial interest for in excess of $100 million in C1Board orders

1. TekModo Structures is a subsidiary of TekModo, LLC. TekModo is a leading supplier of panels and substrates to the RV, commercial trailer and PDV industries.

Conventional “stick and tin” RV construction (used since 1940s) Elkhart RV industry uses ~2 million sf/day of marine-grade plywood, ~12 million sf/day of board products potentially

replaceable by C1Board

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Additional Opportunities

Activated carbon • Activated carbon market estimated at $3 billion annually, expected to grow

10% per year 1

• Supply as powder, granules or pellets for different applications such as wastewater treatment or air treatment

• EcoCarbon’s proprietary technology provides same level of throughput as existing technology at lower cost

• Samples tested by potential customers have generated significant order interest near-term cash flow opportunity

Defense products • Opportunity to produce armor for both civil and military applications • Established relationship with leading defense contractor in the U.S. • Product testing to date has been very successful • New product development under consideration

13 1. NIIR Project Consultancy Services (NPCS), an ISO 9001:2008 company.

Capital Structure

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Number of Shares

CarbonOne shares outstanding 80,771,427

42,142,370 shares are subject to a pooling agreement restricting their sale1

Fully diluted

Stock options outstanding (exerciseable from $0.20 to $0.47, expiring in one to five years)

7,783,406

Share purchase warrants (exerciseable at $0.19 expiring May 24, 2016) 3,569,998

Fully diluted shares outstanding 92,124,831

Working capital (July 28, 2015) ~ $2.6 million

1. 5% of the pooled shares were released on July 23, 2015, and then 5% will be released every six months thereafter to an aggregate of 35% over 3 years. 65% of the pooled shares are released based on gross revenue earned after the closing date, with 20% released when CarbonOne has earned $10 million in cumulative gross revenue, a further 20% released at $25 million in cumulative gross revenue and the final 25% released once CarbonOne has earned $35 million in cumulative gross revenue.

• CarbonOne is establishing industry partnerships to reduce capital, operating and staffing requirements, and accelerate growth

• CarbonOne has received significant expressions of interest for C1Bar and C1Board

• Multi-billion dollar opportunities in multiple industries – Infrastructure – rebar, utility poles, rail ties – Construction – Truck, trailer and RV industry – Shipping, packaging – Carbon powders – Armor/defense

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Established Orders, Growing Market

One Company – Multiple Opportunities

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Competitive advantage

Advanced products

Advanced technology

• CarbonOne’s technologies provide innovative, competitive advantages for multiple industries

• CarbonOne’s proprietary technologies and advanced processes will make it a low-cost producer

• Manufacturing by-products can be used to produce other CarbonOne products value chain

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Appendix

Executive Team John Proust – Chief Executive Officer, Chairman Mr. Proust is the founder and principal shareholder of numerous public and private companies. He has managed, directed and advised public and private companies regarding debt and equity financing, mergers and acquisitions, and corporate restructuring since 1986. Mr. Proust has held senior positions and served on the boards of numerous private and TSX-V/CSE listed companies. He is currently Chairman and CEO of Southern Arc Minerals Inc., Executive Chairman of Eagle Hill Exploration Corporation, Chairman and a director of Canada Energy Partners Inc., and Interim President & CEO and a director of Outrider Energy Corp. Mr. Proust received the designation of Chartered Director (C.Dir) from McMaster University, Directors College, Michael G. DeGroote School of Business.

Jack Khorchidian – Founder, Chief Operating Officer, Director Prior to joining the company in 2012, Mr. Khorchidian was the President of CoveCap Consulting, a venture capital company. Previously he was the Chief Technology Officer for Printlux.com, where he was involved in the company’s public listing in 2001 and was responsible for a development program for online print ordering systems. The company’s activities grew to cover Asia, Europe and North America as it developed tools that enabled the global marketing and sale of complex print products.

Steve Rohring – Chief Technology Officer Mr. Rohring is the Former Vice President of Nuclear Alloys Corporation, which manufactured steam turbine components for the U.S. Naval nuclear fuel industry. He founded Apex Technologies, a developer of high volume material processing technologies for the automotive, food and other industries. He also founded Ceramic Matrix Composites and Composite Systems Technologies, where he developed low-cost nano materials and invented composite and oxide and non-oxide ceramic technologies. He is the President of United Materials International, LLC (“UMI”), based in Buffalo, NY, which has granted worldwide licenses to CarbonOne. He has co-authored research papers on ultra-high pressure with Dr. Benjamin Dorfman, a proposed advisor to the Resulting Issuer and the founder of UMI.

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Executive Team Danny Lee – Chief Financial Officer Mr. Lee is a Chartered Accountant with more than 20 years of experience, including eight years as a Chief Financial Officer. Mr. Lee’s experience includes financial reporting for both Canadian and US listed companies with international subsidiaries, strategic planning, tax planning, corporate governance, equity financings and due diligence for acquisitions. As an employee of J. Proust & Associates Inc., an organization providing public company management and venture capital to start-up and junior companies, Mr. Lee holds the position of Chief Financial Officer for Southern Arc Minerals Inc., Eagle Hill Exploration Corporation and Canada Energy Partners Inc. Mr. Lee is also a director of Edgewater Exploration Ltd., a TSX-V listed company. Mr. Lee has a Bachelor of Commerce degree from the University of British Columbia and articled with Deloitte & Touche.

William Hill – Vice President, Production and Engineering Mr. Hill was the Lead Manufacturing Engineer for Assembly Systems for General Motor’s World Engine Program. He collaborated with European engineers at Opel and Lotus to design a world-class engine produced at competitive cost. Mr. Hill formed alliances with Global Manufacturers to design and build a state-of-the-art, TS16949 (based on the ISO 9001 Standard) quality certified engine assembly system that was replicated at two additional sites. In 2001 he became the Director of Operations for Saint-Gobain Advanced Ceramics’ Boron Nitride facility in Amherst, NY where he planned and completed a $7 million plant expansion project while simultaneously running and producing product to serve eight distinct market segments. His education includes an MBA from the State University of New York at Buffalo and a BSc in Industrial Administration from Kettering University in Flint, Michigan (Formerly General Motors Institute).

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Executive Team Rhylin Bailie – Vice President, Investor Relations As an employee of J. Proust & Associates Inc., Ms. Bailie provides investor relations and communications support to a number of TSX-V listed companies, including Southern Arc Minerals Inc. and Eagle Hill Exploration Corporation. Before joining J. Proust & Associates Inc. she was Director Communications & Investor Relations for NovaGold Resources Inc., a TSX and NYSE-AMEX listed precious metals company. Before joining NovaGold, Ms. Bailie held various positions in the Treasury group at Placer Dome Inc. from 1995 to 2006. Ms. Bailie is a director on the National Board of the Canadian Investor Relations Institute. Ms. Bailie is a graduate of University of Waterloo, Ontario, where she completed a Bachelor of Environmental Studies degree with a double major in Resource Studies and Biology and a minor in English.

Eileen Au – Corporate Secretary Ms. Au currently serves as Corporate Secretary to various public and private companies as an employee of J. Proust & Associates Inc. Ms. Au worked in the capital markets in Asia for more than 15 years, beginning her career at an international brokerage firm before moving on to regional Asian firms. She is currently also the Corporate Secretary of Canada Energy Partners and Southern Arc Minerals, both TSX-V listed companies. Ms. Au holds a Bachelor of Science degree from Acadia University.

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Directors John Proust – Chairman Mr. Proust is the founder and principal shareholder of numerous public and private companies. He has managed, directed and advised public and private companies regarding debt and equity financing, mergers and acquisitions, and corporate restructuring since 1986. Mr. Proust has held senior positions and served on the boards of numerous private and TSX-V/CSE listed companies. He is currently Chairman and CEO of Southern Arc Minerals Inc., Executive Chairman of Eagle Hill Exploration Corporation, Chairman and a director of Canada Energy Partners Inc., and Interim President & CEO and a director of Outrider Energy Corp. Mr. Proust received the designation of Chartered Director (C.Dir) from McMaster University, Directors College, Michael G. DeGroote School of Business.

Jack Khorchidian – Director Prior to joining the company in 2012, Mr. Khorchidian was the President of CoveCap Consulting, a venture capital company. Previously he was the Chief Technology Officer for Printlux.com, where he was involved in the company’s public listing in 2001 and was responsible for a development program for online print ordering systems. The company’s activities grew to cover Asia, Europe and North America as it developed tools that enabled the global marketing and sale of complex print products.

Robert Cross – Director Mr. Cross has more than 25 years of experience as a financier in the mining and oil & gas sectors. He is a co-founder and Non-Executive Chairman of Bankers Petroleum Ltd., Non-Executive Chairman of B2Gold Corp., co-founder and Chairman of Petrodorado Energy Ltd., and until October 2007, was the Non-Executive Chairman of Northern Orion Resources Inc. Between 1996 and 1998, Mr. Cross was Chairman and Chief Executive Officer of Yorkton Securities Inc. From 1987 to 1994, he was a Partner, Investment Banking with Gordon Capital Corporation in Toronto. He has an Engineering Degree from the University of Waterloo, and received his MBA from Harvard Business School in 1987.

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Directors Gordon Keep – Director Mr. Keep has extensive business experience in investment banking and building public companies. Mr. Keep is currently the CEO of Fiore Management & Advisory Corp., a private financial advisory firm. He also serves as an officer and/or director for several natural resource companies. From January 2001 to July 2007, Mr. Keep was Managing Director of Corporate Finance at Endeavour Financial Corporation. He served as Senior Vice President and a director of Lions Gate Entertainment Corp. from September 1997 until March 2004. From April 1987 to October 1997, he was Vice President, Corporate Finance in the Natural Resource group of Yorkton Securities Inc. Mr. Keep obtained his B.Sc. in Geological Science from Queen's University in 1979 and his Masters of Business Administration from the University of British Columbia in 1983.

Haig Bagerdjian – Director Mr. Haig Bagerdjian serves as the Chairman and Chief Executive Officer of AVANCA Medical Devices, Inc. Mr. Bagerdjian has been the Chief Executive Officer and President at Point.360 since October 2002 and also has been Chairman of the Board since September 2001. From 1991 to 2002, he held various executive management positions at Syncor International Corp. (Nasdaq: SCOR), including Chief Executive Officer and President of Syncor Overseas Ltd. at Cardinal Health 414, Inc., a Subsidiary of Syncor International Corp. and Chairman and Chief Executive Officer of Syncor Pharmaceuticals Inc., Chief Legal Officer, and Senior Vice President, Business Development. Mr. Bagerdjian served as an Executive Vice President and Secretary of Syncor International Corporation and Cardinal Health 414, Inc. From 1987 to 1991, he served in several executive level positions at Calmark Holding Corp. He was a General Counsel for American Adventure Inc., which was a subsidiary of Calmark Holding. He has been an Executive Director at Point.360 since 2000. He has been a Director of Destiny Media Technologies Inc. since January 20, 2015. He has been a Director of Innodata Inc. since June 2001. He served as a Director of Advanced Machine Vision Corp. since 1997. He received a B.A. in International Relations and Slavic Languages and Literature, and Certificates in Russian Studies, Strategic Defense and National Security, from the University of Southern California in 1983. Mr. Bagerdjian received a J.D. from Harvard Law School in 1986 and is admitted to the State Bar of California.

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Directors Murray Flanigan – Director Mr. Flanigan is a management consultant providing financial advisory services to a number of public and private oil and gas and technology companies in North America and abroad. Mr. Flanigan is a Chartered Accountant and a Chartered Financial Analyst with expertise in corporate finance, mergers and acquisitions, international taxation, risk management, banking, treasury, corporate restructuring and accounting, and has served as Chief Financial Officer for various public and private companies. Mr. Flanigan is currently a Principal and the CFO of Kepis & Pobe Financial Group Inc., where he is responsible for all aspects of the company’s accounting, financing, treasury, tax, legal and corporate development activities including overseeing the company’s JV relationships and implementation of certain oil & gas exploration and development contracts in the Middle East. Prior to founding his own consulting company, Mr. Flanigan served as Senior Vice President, Corporate Development and CFO of Qwest Investment Management Corp., where he was responsible for regulatory reporting and corporate filings for over 15 private and publicly listed companies and limited partnerships in Qwest’s portfolio, as well as arranging and closing numerous equity and debt financings. Mr. Flanigan also served as VP Corporate Development for Adelphia Communications Corporation, overseeing the company’s financial restructuring and ultimate sale to Time Warner Inc. and Comcast Corporation for approximately US$18 billion. Morris Klid – Director Mr. Klid has worked as an entrepreneur for over 30 years, providing innovative services primarily in the corporate due diligence, legal, financial, and search and registration markets. Mr. Klid established the Cyberbahn Group of Companies, which was acquired by Thomson Reuters in 2008. Since that time he has focused on investing in both established companies and start-ups. Mr. Klid is currently involved in angel financing for several companies, and actively participates as an advisor and board member for all. Mr. Klid has a BA in Economics from Wilfrid Laurier University. Patrick Malkassian – Director Mr. Malkassian is an entrepreneur who co-founded and has been CEO of Ropama, Inc. since 1995. Based in Oakland, CA, Ropama is an import/export company sourcing raw materials for the fashion industry. Mr. Malkassian has also been Managing Director of RAM Property Group since 2000. He has a BA in history and political science from the University of California.

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Strategic Advisors Alan Everett – Advisor to the Board of Directors Mr. Everett is a United Materials International, LLC partner and the founder and president of Buffalo, NY based EverFab Inc., a hi-tech manufacturer whose focus includes ceramics, super alloys, precision 3D modelling and prototype fabrication. In 2006 EverFab received the Group Achievement Award from the National Aeronautics and Space Administration for its contribution to studies that were performed as an integral part of the Return to Flight activities following the accident that occurred during the re-entry of the Space Shuttle Columbia. In the Award, NASA noted that “EverFab’s fully Digital Manufacturing Environment opened up an entirely new quality of information for the manufacturing and design for the engineers of NASA including significant time and money savings as inspection and approval can be completed in hours instead of weeks, enabling a much faster product development cycle.” EverFab’s clients include NASA and the US military.

Benjamin F. Dorfman – Advisor to the Board of Directors Dr. Dorfman is the founder of Buffalo, NY based United Materials International, LLC, which has licensed technology to CarbonOne Technologies. Dr. Dorfman is an expert in advanced materials, including synthesis and characterization of metals, semiconductors, dielectrics, nano- and atomic-scale composites; solid-state physics, physical chemistry, thin solid films and surface engineering; material and solid-state micro and nanotechnology; and quantitative strategic technical forecasting. He is a retired Research Professor of Clarkson University in the Physics Department and is the Chief Scientist, Founder and Chairman of Atomic-Scale Design. Under his guidance, ultra-light-weight hard quasiamorphous carbon (“QUASAM”) was discovered using newly developed synergetic thermal-impact activated synthesis of solids. He holds numerous U.S. patents including patents for QUASAM materials and surface nano engineering. He established a full-scale DLN technology with Brookhaven National Laboratory and was the head of Thin Solid Films Laboratory, Moltech Corp., at Stony Brook University and Brookhaven National Labs. He accomplished the first demonstration of stabilized diamond-like carbon film deposition in the USA and has published over 200 scientific articles and 10 books. Dr. Dorfman holds 30 Russian patents and 16 U.S. patents, with additional patents pending. He has a Ph.D. in Thin Solid Films Physics and Physical Chemistry from the Moscow Institute of Electronic Controlling Machines, and also earned the degree of Dr. of Sciences.

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Strategic Advisors Mary Wetzel – Advisor to the Board of Directors Ms. Wetzel is the President and co-founder of TekModo Structures LLC, an Indiana based RV supplier that leads the industry in composite technologies. TekModo Structures currently supplies composite products to companies such as Thor Industries, Forest River, and Jayco in its goal to displace traditional products, such as plywood, currently in use today. Ms. Wetzel has an extensive operational, financial, marketing, and technical background. Her knowledge in composites stems from her experience in the automotive industry, where she held increasingly strategic leadership roles with Pontiac, Chrysler and Dodge, including as DaimlerChrysler’s Senior Manager for Business Management and Market Intelligence. Ms. Wetzel and her business partner, Marc LaCounte, were also managing directors of Group Impact, an advanced polymer material science and complex thermoplastic material development company. Ms. Wetzel was inducted into the Automotive Hall of Fame in 2004, receiving the Young Leadership and Excellence Award in recognition of her significant contributions to the automotive industry. Ms. Wetzel holds a degree in Business Management and Automotive Marketing from Northwood University. Marc LaCounte – Advisor to the Board of Directors Mr. LaCounte has extensive experience in developing and marketing new technologies. He is the co-founder and the Head of Business Development for TekModo LLC. He was the Senior Business Unit Manager of Specialty Markets for Webasto Thermosystems, a wholly-owned division of Webasto, one of the world’s largest automotive industry suppliers. At Webasto, he was responsible for the strategy, product development, and commercial conversion of new technologies, where he managed all aspects of the military, industrial/commercial, marine, cargo, and RV market groups. He is credited with introducing a revolutionary cargo heating system to the market from concept through to global distribution. Mr. LaCounte was the Senior Business Unit Manager for Hoff and Associates Company, which supplies advanced computer-aided engineering and design services. Mr. LaCounte was also a managing director of Group Impact, an advanced polymer material science and complex rehologic thermoplastic material development company. Mr. LaCounte has a Business Degree from Indiana University.

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Strategic Advisors Neil Maedal – Advisor to the Board of Directors Mr. Maedel’s focus is the finance and development of micro-cap companies. He founded Zurich, Switzerland based Protrader Finanz AG and the Minicap Analyst publication. More recently, as Director of Business Development for Zurich, Switzerland based Manas Petroleum, Mr. Maedel was part of the team that assembled a global exploration portfolio that led to farm-outs in excess of $250 million. He was also Chairman and CEO of Pan American Goldfields, leading its restructuring prior to the company’s takeover by a Hong Kong based investment group. Mr. Maedel is currently a director of Tambora Resources Corp., a private Canadian company developing mineral properties in Indonesia and Kenadyr Mining Corporation a private Canadian company developing a gold deposit in Kyrgyzstan. Dr. Mahlon Dennis – Advisor to the Board of Directors Dr. Dennis has experience in the development and commercialization of advanced materials. During the 1970s he led the team at General Electric that developed its worldwide business for polycrystalline diamond compacts (“PCD”), a new synthetic diamond coated insert to be used in diamond drill bits. In the early 1980s he founded The Strata Bit Corporation, which in 1985 was sold to Sandvik, a global industrial company focused on materials technologies. In 1988 he founded the Dennis Tool Company which developed advanced super abrasive materials, including diamond PCD and cubic BN for fixed cutter bits, and microwave sintered carbide inserts and diamond carbide composite wear components. Dennis Tool was sold to Logan International in 2011. Dr. Dennis continues to develop and commercialize technologies incorporating advanced materials with new processes. Dr. Dennis received his PhD in Ceramics Science at Penn State University in 1969. In 2007 he received the David Ford McFarland Award of the Department of Material Sciences at Penn State University. In April 2014 he received the Penn State MATSE Alumnus of the Year Award.

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Strategic Advisors Fred Deans – Advisor to the Board of Directors Mr. Deans has extensive experience in product evaluation, processing, production, and product engineering, and in coordinating new product introductions. He was a Production Engineer for PPG Industries and an Application Development Engineer for GE Plastic’s AZDEL Division, where he developed thermoplastic composite materials for automotive, material handling, and infrastructure applications. Mr. Deans is credited with engineering the development of an automotive glass-forming process that introduced monolithic tempered privacy glass for sport-utility vehicles; developing the first unidirectional GMT composites for new-generation automotive bumper systems; and managing a next-generation long-fiber thermoplastic composite development for under-hood and off-road vehicle load floors. He is currently a director of the Society of Plastics Engineers’ (“SPE”) Automotive and Composites Divisions, past chair of the SPE Automotive Composites Conference & Exhibition, and an SPE Honored Service Member. Mr. Deans is the owner of Allied Composite Technologies where he provides consulting and application engineering development for composite-based companies and end users. Mr. Deans holds an MBA degree from University of Pittsburgh and a BSME from Valparaiso University, and is a Registered Professional Engineer.

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Strength-Weight-Cost Comparison

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C1Board Plywood #6 Marine

Grade

Reinforced Precast

Concrete

Urethane Foam/Fiberglass Sandwich Panel

Aluminum 6061-T6

Fixed weight inputs Lbs per ft2 at 1” thickness 2 2.6 12 1.38 14.5

Tensile strength PSI 30,000 5,000 18,000 10,000 45,000

Tensile modulus MSI 4.5 1.8 2.9 1.3 10

Compressive strength PSI 8,000 1,700 5,000 1,200 15,000

Average of combined strengths comparison 100.0% 26.0% 62.3% 25.7% 186.6%

Final cost if materials thickened to meet C1Board performance

$5.00 $6.51 $5.22 $15.54 $9.72

Thickness at C1Board equivalent weight 1” 0.77” 0.17” 1.45” 0.14”

Performance at C1Board equivalent weight 100.0% 20.0% 10.4% 37.3% 25.7%

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Benefits of Ceramic Resin Compared to other Composite Resins

Only a few companies make ceramic composites, most using plastic and thermoset resins. CarbonOne’s ceramic resins outperform plastic and thermoset resins across every metric, leaving CarbonOne with very few true competitors in the ceramic composites field. CarbonOne’s proprietary technology will make it the lowest-cost producer of ceramic composites, allowing CarbonOne to outperform its competitors from a cost perspective.

Company Name Resin Fiber Products Assessment Composites Corp. Ceramic Basalt, Ceramic, Carbon CMCs Best balance of low-cost, high-quality and lower

weight when considering all three factors www.compositescorp.com

Starfire Ceramic Carbon, Ceramic CMCs High performance = expensive www.starfiresystems.com

ATK/COI Ceramics Ceramic Carbon, Ceramic CMCs Aerospace, military = expensive www.coiceramics.com

Kion Ceramic Carbon, Ceramic CMCs High performance = expensive www.kiondefense.com

Wabash Plastic Fiberglass FRP board Uses metal sheet layer, good quality www.wabashcomposites.com

Azdel Plastic Fiberglass FRP sheet and board High volume, low cost/quality www.azdel.com

Eovations Plastic Plastic with filler Extrusion New technology, heavy but quality www.eovationsllc.com

Quadrant Plastic Fiberglass FRP sheet and board Medium quality/cost range www.quadrantplastics.com

CPS Plastic, Thermoset Wood, Fiberglass Sheet and board Wide variety of panels (medium cost/quality) www.compositepanelsolutions.com

CPBS Thermoset Fiberglass Thermoset board Foam sandwich panels at low cost/quality www.compositepanelbuildingsystems.com

Norplex-Micarta Thermoset Fiberglass Thermoset sheet and board

Medium quality/cost range www.norplex-micarta.com

Strongwell Thermoset Fiberglass Pultrusion Medium quality/cost range www.strongwell.com

Creative Pultrusions Thermoset Fiberglass Pultrusion Medium quality/cost range www.creativepultrusions.com

Gorilla Composites Thermoset Wood, Fiberglass Honeycomb board Old technology, not popular due to expense www.gorillacomposites.com

Comparison Summary of Composite Companies

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C1Bar Competitors (Composite Rebar)

• Pultrall Inc. – Canadian supplier. www.pultrall.com • Hughes Brothers, Inc. – USA supplier. www.hughesbros.com • Neuvokas Corp. – USA supplier. www.neuvokascorp.com • Technobasalt (.com) – Based in the Ukraine. Comparable quality but double

the cost, and long lead time on orders. • Reforcetech (.com) – Based in Norway. Good quality, but very limited

production capacity and very costly. • Huinan Jinde Ind. Co. Ltd., Zhongshan Pulwell Compsites Co. Ltd., Shanghai

Xugao FRP Products Co. Ltd., Dongguan Juli FRP Products Ltd., Ningto Universal Star Industry & Trade Ltd., and several other Mainland Chinese based manufacturers – some are exclusive basalt manufacturers, but many are also plastics pultruders that are trying to compete with epoxy coated steel pricing, but poor lead time and quality have prevented distributors from stocking or carrying their product.

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Activated Carbon Competitors

• Calgon – $500m+/yr in sales, but production is at capacity and they are also a buyer from wherever they can source it.

• CabotNorit – $600M/yr in sales. • Prime Carbons Lanka PVT – Based in Sri Lanka, produced coconut-based

activated carbon. • Jacobi Carbons – Swedish headquarters but main manufacturing based in Sri

Lanka and Mainland China. Produce 1.2 B lbs annually. • Puritas – Based in Sri Lanka. No available info. • Chirathma International (Private) Ltd. – Based in Sri Lanka. No financial info

available. • Capex for new conventional plants is $50–100M.

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References

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“My partner and I have been in the forefront of advanced automotive, commercial, and RV composites including highly design-engineered material sciences, over the years, and have searched for the latest and best advanced materials that can be cost-effectively introduced to our industry. If there is another product like C1Board, we’ve never seen it! ... Your material is years if not decades ahead of legacy composite and material sciences in use today.”

Marc LaCounte, TekModo

“Over the last five years I have tested hundreds of composite rebars (excluding carbon fiber rebars) from several manufacturers from around the world for mechanical properties (mainly tensile strength properties). I have found out the CarbonOne BFRP rebars are the best tested rebars compared to other rebars tested in my laboratory.”

Dr. Mohsen Issa, PhD, P.E., S.E., F.ACI, F.ASCE Professor of Structural and Materials Engineering Director, Structural and Concrete Research Laboratory Department of Civil and Materials Engineering University of Illinois, Chicago

CarbonOne Technologies Inc. Corporate Information

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Canadian Office Suite 3123, 595 Burrard St Vancouver, BC Canada V7X 1J1 U.S. Office 76 Industrial Drive North Tonawanda Buffalo, NY USA 14120

Phone: +1 604.609.6136 Phone: +1 716.693.6300 Fax: +1 347.710.3177

info@CarbonOneTech.com

www.carbononetech.com

Auditors Legal counsel

PricewaterhouseCoopers LLP Morton LLP