Charbone completes hydrogen asset acquisition

Mr. Dave Gagnon reports CHARBONE HYDROGEN SECURES HARNOIS ENERGIES' HYDROGEN ASSETS TO ACCELERATE CLEAN ULTRA HIGH PURITY HYDROGEN PRODUCTION AT SOREL-TRACY Charbone Hydrogen Corp. has officially taken possession of hydrogen production and refuelling assets from Harnois Energies Inc. This strategic transaction will enable Charbone to rapidly relocate and repurpose proven hydrogen production equipment at its flagship Sorel-Tracy facility, allowing for the first production of clean ultrahigh-purity hydrogen by early fourth quarter 2025. By utilizing proven, already operational assets, Charbone expects to significantly reduce capital installation costs and accelerate time to market compared with deploying new systems. Further to Charbone's announcement made on Sept. 5, 2025, under the terms of the agreement, Charbone has issued 13,333,334 common shares at 7.5 cents per share, representing $1-million in equity consideration to Harnois. Additional cash payments will be made in staged tranches over two years, preserving capital for growth initiatives. Importantly, Harnois elected to receive a substantial portion of the consideration in Charbone equity at market value. This decision underscores Harnois's recognition of the strategic long-term benefits of aligning with Charbone as Quebec's leading clean UHP hydrogen supplier while Harnois continues to focus on its core energy distribution businesses. "This is a transformative moment for Charbone," said Dave B. Gagnon, chief executive officer of Charbone. "With these assets, we will begin producing clean UHP hydrogen in Sorel-Tracy much sooner than anticipated while optimizing capital efficiency. We are proud to welcome Harnois as a shareholder in the capital of Charbone." About Charbone Hydrogen Corp. Charbone is an integrated company specializing in clean ultrahigh-purity hydrogen and the strategic distribution of industrial gases in North America and Asia Pacific. Through a modular approach, the company is building a distributed network of green hydrogen production plants while diversifying revenues through helium and specialty gas partnerships. This disciplined model reduces risk, enhances flexibility and positions Charbone as a leader in the transition to a low-carbon future. Charbone is listed on the TSX Venture Exchange, the OTC Markets and the Frankfurt Stock Exchange. We seek Safe Harbor.