Gallagher & Treelab Start Process to Plant 200,000 Trees

Kelowna, British Columbia--(Newsfile Corp. - September 19, 2022) - Gallagher Security Corp. (CSE: GLL) announces that in addition to raising funds in the equity markets, along with High Bar First Nations and Treelab, they have contracted with Mr. Paul Griss, President of Boldon Group Inc. to research and apply for grants to plant trees on indigenous lands located in the Fraser Canyon/Cariboo region in B.C. for the purpose of carbon sequestration. The carbon credits market is estimated to reach over $2 trillion by 2027. Carbon credits are currently selling at over €70 euros in Europe.

Jamie Fletcher, a councilor with High Bar First Nations, commented, "We are looking forward to obtaining some of the many grants the Canadian and B.C. Gov'ts have available to sequester carbon, curb deforestation, reduce forest fires and help to generate cleaner air."

The proposed pilot project will take place on 250 acres of High Bar Nation lands, where Treelab will plant over two hundred thousand new trees in the spring of 2023.

High Bar has more than 3,700 acres of prime land, where Treelab proposes to support the planting of new trees, work toward building a clean powered automated seedling growth facility, and support regenerative agriculture practices. Treelab is working to bring the highest quality forestry carbon offset projects to an ever expanding market. Discerning offset buyers are concerned with the quality of some existing projects and prefer to invest in new forests to avoid the risk of fraudulent crediting.

ON BEHALF OF THE BOARD OF DIRECTORS

"Dev Randhawa"

Dev Randhawa
President and Director

For further information, please contact:

Jamie Bannerman
Phone: 1-778-484-8028

The CSE does not accept responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements

There can be no assurance that the proposed transaction will be completed.

Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including that: general business and economic conditions will not change in a material adverse manner; and financing will be available if and when needed on reasonable terms. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: that the Company may not be able to raise additional funds when necessary; fluctuations in currency exchange rates; the impact of Covid-19 or other viruses and diseases on the Company's ability to operate and complete transactions; failure of counterparties to perform their contractual obligations; failure to obtain regulatory and stock exchange approvals; and other risks and uncertainties listed in the Company's public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/137344