First off, the chloride shift takes place in the opposite direction.
So, Cl- diffuses out of the red blood cell and HCO3- diffuses into the red blood cell.
The H+ ions that remain in the red blood cell then react with HCO3-, producing H2CO3.
Finally, H2CO3 splits up into H2O and CO2.
This CO2 then diffuses down the concentration gradient to enter our lungs, where it’s exhaled out!
To prevent the pH of the blood getting too low, H+ ions react with haemoglobin and HCO3-