CCB Canada Carbon Inc

Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB) announces it has closed a
non-brokered private placement (the "Private Placement") which raised gross
proceeds of $825,000. Specifically, the Company issued 4,125,000 flow-through
units ("Units") at a price of $0.20 per Unit. Each Unit is comprised of one
common share in the capital stock of the Company, to be issued as a
"flow-through share", and one-half of one non-flow through common share purchase
warrant ("Warrant"), with each whole Warrant being exercisable for the purchase
of an additional non-flow-through common share, at a price of $0.25 per share,
for an eighteen month period. 


247,500 compensation warrants ("Compensation Warrants") were issued and $49,500
in finder's fees were paid in connection with the Private Placement to Secutor
Capital Management Corporation. The Compensation Warrants are exercisable at a
price of $0.25 into one non-flow-through common share for an eighteen month
period. In accordance with applicable securities legislation, all securities
issued in the Private Placement are subject to a statutory hold period of four
months and one day.


The proceeds from the Private Placement will be used to advance the exploration
of the Company's key 100% owned Miller hydrothermal lump/vein graphite property.



On Behalf of the Board of Directors

CANADA CARBON INC.

R. Bruce Duncan, CEO and Director 

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release."


FORWARD LOOKING STATEMENTS: This news release contains forward-looking
statements, which relate to future events or future performance and reflect
management's current expectations and assumptions. Such forward-looking
statements reflect management's current beliefs and are based on assumptions
made by and information currently available to the Company. Investors are
cautioned that these forward looking statements are neither promises nor
guarantees, and are subject to risks and uncertainties that may cause future
results to differ materially from those expected. These forward-looking
statements are made as of the date hereof and, except as required under
applicable securities legislation, the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. All of the
forward-looking statements made in this press release are qualified by these
cautionary statements and by those made in our filings with SEDAR in Canada
(available at www.sedar.com). 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canada Carbon Inc.
R. Bruce Duncan
CEO and Director
(604) 638-0971
(604) 638-0973 (FAX)
info@canadacarbon.com

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