EmissionTech RX and OTIC Ecology Inc. Unite to Form One of Canada’s Largest Indigenous-Led Carbon Solutions Companies

 Regina, Saskatchewan – March 21, 2025 – In a landmark move for Canada’s carbon markets, EmissionTech RX Inc. (“EmissionTech RX”) and OTIC Ecology Inc. (“OTIC”) have signed a non-binding Letter of Intent (LOI) to merge their First Nations-focused carbon business lines, forming Indigenous Carbon RX Inc. (“Indigenous Carbon”) — set to become Canada’s largest Indigenous-led carbon solutions company. 

Through its relationship with Carbon RX, EmissionTech RX brings a proven track record of developing nature-based carbon credit projects, alongside deep relationships with First Nations communities. By combining this expertise with OTIC’s Indigenous ownership and forestry leadership, Indigenous Carbon is uniquely positioned to drive forward carbon projects in improved forest management, reforestation, and regenerative cattle grazing — all under a united, Indigenous ownership structure. 

“Our First Nations partners have been clear — they’re seeking more than employment. They want ownership in the carbon economy,” said Marty Seymour, CEO of EmissionTech RX. “This merger creates lasting equity opportunities for Indigenous communities in a sector that aligns with First Nation cultural values and aspirations.” 

OTIC Ecology was founded by Tatanka Oyate Holdings LP, the economic development arm of Wahpeton Dakota Nation to advance sustainable forest land management and unlock economic potential through reforestation and nature-based carbon solutions. 

“By merging our complimentary expertise, OTIC and EmissionTech RX are creating a force multiplier for Indigenous leadership in climate action,” said Robert Fincati, Co-Founder of OTIC. “This partnership accelerates our shared vision for First Nations ownership in carbon markets and the protection of our lands for future generations.” 

Finalization of the merger is subject to $2 million USD in capital funding and board approvals from both organizations. 

Certain statements contained in this press release constitute forward-looking information and statements (collectively, “forward-looking statements”). These statements relate to future events or future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “anticipate”, “plan”, “aim”, “target”, “goal”, “contemplate”, “continue”, “commit”, “estimate”, “expect”, “future”, “forecast”, “forward”, “further”, “intend”, “long-term”, “propose”, “might”, “may”, “maintain”, “will”, “shall”, “project”, “should”, “could”, “would”, “believe”, “opportunity”, “predict”, “pursue”, “potential” and “progress” and similar expressions are intended to identify forward-looking statements. Forward-looking statements include estimates, business opportunities, growth strategies, anticipated financial results, business operations, market conditions, plans, expectations, opinions, forecasts, projections, targets, guidance, or other statements that are not statements of fact. Specifically, this press release contains forward-looking 

statements concerning this press release contains forward-looking statements regarding the proposed merger of EmissionTech RX Inc. and OTIC Ecology Inc. to form Indigenous Carbon RX Inc., expected to become one of Canada’s largest Indigenous-led carbon solutions companies. These statements include anticipated benefits such as increased First Nations ownership in carbon markets, the ability to secure $2 million USD in capital funding, and required board approvals. Additionally, the merger aims to advance carbon projects in improved forest management, reforestation, and regenerative cattle grazing, creating long-term equity opportunities for First Nations communities.These statements involve known and unknown risks, assumptions, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Indigenous Carbon RX Inc. (the “Corporation”) believes these statements to be reasonable, no assurance can be given that the results or events anticipated in these forward-looking statements will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The forward-looking statements contained in this press release represent the Corporation’s expectations as of the date hereof and are subject to change after such date. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be