Given below are two statements 

Statement I: Global warming could lead to increased release of the greenhouse gas, Methane.

Statement II: There is a large amount of Methane currently frozen in the permafrost in the far northern regions of the world.

In light of the above statements, choose the most appropriate answer from the options given below 

1
Both Statement I and Statement Il are correct 
2
Both Statement I and Statement II are incorrect 
3
Statement I is correct but Statement II is incorrect 
4
Statement I is incorrect but Statement II is correct 

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