Charbone completes issuance of replacement debentures

Mr. Benoit Veilleux reports CHARBONE HYDROGEN ISSUED $2M CONVERTIBLE REPLACEMENT DEBENTURES Following Charbone Hydrogen Corp.'s news release dated Sept. 18, 2025, which announced the signing of replacement debentures amounting to $2.05-million by amending specific terms of the company's secured convertible debentures originally issued in connection with a private placement of debentures totalling $1,746,366 of 12 per cent secured convertible debentures, and including an additional $303,634 received in cash by the company, the company has received final approval from the TSX Venture Exchange. Charbone has amended and issued the new replacement debentures as of Sept. 30, 2025, for an aggregate amount of $2.05-million, which will expire on Sept. 30, 2026, featuring an annual interest rate of 12 per cent and a conversion price of seven cents per debenture share. Before the amendment, the expiry dates were Sept. 30 and Oct. 31, 2025, with the same annual rate of 12 per cent and a conversion price of 10 cents per debenture share. The replacement debentures will be subject to the statutory four-month hold period in Canada. For more information on the $400,000 debentures that were expiring on Sept. 30, 2025, and originally signed on Sept. 30, 2023, then amended on March 25, 2025, please refer to the company's news releases dated Aug. 31, 2023, Jan. 31, 2024, and March 26, 2024. For more information on the $1,346,366 debentures that were expiring on Oct. 31, 2025, and originally signed on Oct. 7, 2022, then amended on Jan. 29, 2025, please refer to the company's news releases dated Oct. 11, 2022, June 10, 2024, Dec. 4, 2024, and Feb. 12, 2025. The additional proceeds are intended to accelerate the cash inflow needed to cover the acquisition of production equipment for hydrogen and related costs announced on Sept. 5, 2025. The company will issue another press release in the next few days to announce the closing of the equipment acquisition once the effective date is reached, marking the start of the equipment dismantling process. About Charbone Hydrogen Corp. Charbone is an integrated company specializing in ultrahigh-purity (UHP) hydrogen and the strategic distribution of industrial gases in North America and the Asia-Pacific region. It is developing a modular network of green hydrogen production while partnering with industry players to supply helium and other specialty gases without the need to build costly new plants. This disciplined strategy diversifies revenue streams, reduces risks and increases flexibility. The Charbone group is publicly listed in North America and Europe on the TSX-V (TSX-V: CH), the OTC Markets (OTCQB: CHHYF) and the Frankfurt Stock Exchange (FSE: K47). We seek Safe Harbor.