900 – 885 West Georgia Street, Vancouver, British Columbia V6C 3H1

Press release

CARLYLE RECEIVES NEWTON PROJECT EXPLORATION PERMIT

CARLYLE COMMODITIES CORP. (CSE: CCC, FSE: 1OZA, OTC: DLRYF) (“carlyle“or the”Company“) is pleased to announce that, further to its press release dated January 20, 2022, the British Columbia Ministry of Energy, Mines and Low Carbon Innovation (the “Ministry“) awarded Carlyle his Mining Act (British Columbia) (the “Permit“) to conduct exploration activities on its 100% owned Newton Project located in the Clinton Mining Division of the Province of British Columbia (the “Project Newton“).

Morgan Good, President and CEO of Carlyle, said: “The company is pleased to report that its notice of application for a work permit filed with the Department has been accepted and approved. Carlyle looks forward to the 2022 exploration season at its 100% owned Newton project. The Phase 1 exploration strategy is expected to begin in early summer. We are also excited to be able to move forward and continue to strengthen our relationships with the department, as well as with the respective First Nations in the Newton Project area.

The permit, which was originally submitted by Carlyle on February 10, 2021, authorizes exploration activities for a proposed 5-year regional working system and exploration program at the Company’s Newton Project.

For more information, see the Company’s press release dated January 20, 2022, filed under its profile on SEDAR.

About Carlyle

Carlyle is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. Carlyle owns 100% of the Newton Gold Project in the Clinton Mining Division in British Columbia. The Company also holds an option to acquire a 100% interest in the prospective Sunset property located in the Vancouver Mining Division near Pemberton, British Columbia. Carlyle is based in Vancouver, British Columbia. , and is listed on the CSE under the symbol “CCC”.

ON BEHALF OF THE BOARD OF DIRECTORS OF

CARLYLE COMMODITIES CORP.

“Morgane Good“

Morgane Good

Chief executive officer

For further information regarding this press release, please contact:

Morgan Good, CEO and Director

Such. : 604-715-4751

1. [email protected]

1. www.carlylecommodities.com

Caution Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian law. All statements in this press release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and directions regarding the future, including, without limitation, the proposed time and potential exploration plans for the Newton project. Although the Company believes that these statements are reasonable and reflect expectations of future developments and other factors that management believes are reasonable and relevant, the Company cannot guarantee that these expectations will prove to be correct. Forward-looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. These risks and other factors include the Company’s inability to execute its proposed business plans and to successfully complete anticipated future activities, including, but not limited to, those related to the continued exploration of the Newtons project. Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, future prices of gold or other precious metals, changes in financial markets and demand for gold or other precious metals, changes in laws, regulations and policies affecting the mineral exploration industry, and risks relating to investments and trading the Company in the mineral exploration sector, as well as the risks and uncertainties which are more fully described in the Company’s annual and quarterly management reports and other documents filed by the Company with the Canadian securities authorities under the Company profile at www.sedar.com. The new strain of coronavirus, COVID-19, and the ongoing dispute between the sovereign state of Ukraine and Russia also pose risks that are currently indescribable and immeasurable. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty in such statements. These forward-looking statements are made as of the date of this press release and, except as required by applicable law, the Company undertakes no obligation to update these forward-looking statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.