News Release

Cancarb Limited appoints Director, Marketing

July 9, 2012 -- Cancarb Limited is pleased to announce that Ross Buchholz has been appointed as Cancarb's Director, Marketing.

Buchholz, who has been with the company for 25 years, has a bachelor of science from the University of Alberta, and 22 years experience managing the company's marketing and sales efforts in Europe, the Middle East, Africa and the Americas.

"Ross has a strong track record in channel management and relationship building, as well as in identifying and pursuing growth opportunities." said Dave Petrie, Cancarb President and COO. "We look forward to him leading Cancarb's marketing and customer service team as we continue to focus on providing the global market with premium Thermax® thermal black products and an excellent customer experience."

Cancarb is the global leader in the production and marketing of thermal carbon black with customers in more than 42 countries. Our plant, located in Alberta, Canada, uses state of the art technology to ensure that our Thermax® brand products are of the highest quality and consistency and are produced efficiently and in an environmentally responsible manner. Visit our website at www.cancarb.com for more company information.

For further information, please contact:

Cancarb Limited: Mr. Dave Petrie: +1-403-527-1121