CBp Carbon Industries, Inc. Announces Agreement With Carbon Green, Inc.

BRATISLAVA, Slovakia, December 8 - CBp Carbon Industries, Inc. ("CBp Carbon" or "the Company") (OTC: CBPJ)
is pleased to announce it has entered into a share sale agreement, dated
effective November 30, 2009 (the "Agreement"), with Carbon Green Inc.
("Carbon Green") (OTC Bulletin Board: CGNI) for CBp Carbon's wholly-owned
subsidiary, Greenwood Commerce Ltd. ("Greenwood"), pursuant to which the
Company has agreed to assign all of the issued and outstanding common shares
of Greenwood to Carbon Green in exchange for the issuance by Carbon Green to
CBp Carbon of one of Carbon Green's common shares for each four CBp Carbon
common shares outstanding (a total of approximately 33 million common shares
issued at closing) and one share purchase warrant for each four share
purchase warrants of CBp Carbon outstanding.

At the closing of the Agreement, Greenwood will hold the worldwide
exclusive ownership rights to, among other things, a protected proprietary
technology that converts the by-products of tire pyrolysis (heating in the
absence of oxygen) into: (i) recovered steel; (ii) a #2 diesel equivalent
oil, which can also be employed to generate green electricity in many
countries; (iii) a patented nano-particle compound that is a tire
industry-tested and accepted competitive substitute for commercial carbon
black; and (iv) a clean-burning gas that can be used to provide power to the
Greenwood processing plants. In 2007, the CBp Carbon technology was
recognized by the European Union as the only tire recycling technology which
met the goals of EU legislation. CBp Carbon has recently completed
construction in Cyprus of its first commercial scale plant, a
state-of-the-art commercial tire pyrolysis plant. Operations have commenced
and the plant is currently in pre-production hot tests with production of
commercial products. The plant is slated to enter continuous commercial
operations in the first quarter of 2010.

The closing of the Agreement is subject to the satisfaction of conditions
precedent to closing as set forth in the Agreement, including that: (i) no
material adverse effect will have occurred with the business or assets of the
Company, CBp Carbon or Greenwood since the effective date of the Agreement;
(ii) the Company, CBp Carbon and Greenwood will have received all third-party
consents and approvals contemplated by the Agreement; and (iii) Carbon Green
will be reasonably satisfied with its due diligence investigation of CBp
Carbon and Greenwood. To ensure effective coordination and operations during
the period to closing, John Novak has been appointed President and CEO, pro
tem, of Carbon Green and Peter Jensen has been appointed President, pro tem,
of CBP Carbon.

Due to conditions precedent to closing, including those set out above,
and the risk that the conditions precedent will not be satisfied, there is no
assurance that the Company will complete the share purchase as contemplated
in the Agreement.

The securities of Carbon Green to be issued to CBp Carbon upon the
closing of the Agreement will not be registered under the Securities Act of
1933, as amended (the "Act"), or under the securities laws of any state in
the United States, and will be issued in reliance upon an exemption from
registration under the Act. The securities may not be offered or sold in the
United States absent registration under the Act or an applicable exemption
from such registration requirements.

On behalf of the Board of Directors,

CBp CARBON INDUSTRIES, INC.

"Peter Jensen"

    Peter Jensen
    President and Director

Notice Regarding Forward Looking Statements

This press release contains projections and forward-looking statements,
as that term is defined in Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Statements in this press release, which are not purely historical, are
forward-looking statements and can include, without limitation, statements
based on current expectations involving a number of risks and uncertainties
and which are not guarantees of future performance. There are numerous risks
and uncertainties that could cause actual results and the Company's plans and
objectives to differ materially from those expressed in the forward-looking
information, including (i) the inability to close the Agreement for any
reason; (ii) adverse market conditions; (iii) any adverse occurrence with
respect to the patented technology licensed by CBp Carbon; and (iv) the
inability of the tire pyrolysis plant to begin commercial production. Actual
results and future events could differ materially from those anticipated in
such information. These and all subsequent written and oral forward-looking
information are based on estimates and opinions of management on the dates
they are made and are expressly qualified in their entirety by this notice.
Although the Company believes that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there can be no
assurance those beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth herein
and should also refer to the risk factors disclosure outlined in the
Company's annual report on Form 10-K for the fiscal year ended April 30,
2009, its quarterly reports on Form 10-Q and other periodic reports filed
from time-to-time with the Securities and Exchange Commission.

Investor Relations of CBp Carbon Industries, Inc., info at cbpcarbon.com