Mr. Dave Gagnon reports

CHARBONE HYDROGEN ANNOUNCES EXTENSION OF WARRANTS AND OTHER CORPORATE UPDATES

Charbone Hydrogen Corp. has requested the extension of the expiry date of 5,635,000 common share purchase warrants that were issued pursuant to a non-brokered private placement of units of Charbone that closed on April 21, 2022.

Pursuant to the approval by the TSX Venture Exchange, Charbone will extend the expiry date of the Warrants from October 21, 2023 to October 21, 2024. All other terms and conditions of the Warrants remain unchanged. None of these Warrants have been exercised to date. Warrant holders are advised that replacement warrant certificates will not be issued and that the original warrant certificate must be presented to Charbone in order to effect the exercise of the Warrants.

Less than 1% of the warrant holders are insiders. In accordance with the policies of the TSX Venture Exchange, no compensation warrants issued in connection with the prior financing are being extended.

Concerning the previously announced private placement with a first tranche closed on September 6, 2023, the Company has not been allowed to close any other tranche before September 22, 2023, which was the last date for the period approved by TSX Venture Exchange.

Furthermore, the Company has reserved December 19, 2023 for its 2022 Annual General and Special Meeting of Shareholders. More details will be sent to all shareholders of the Company as of November 7, 2023.

About Charbone Hydrogen Corporation

Charbone is a green hydrogen group established in North America. The company's strategy is to develop modular and expandable hydrogen facilities and regional hubs. Charbone will be able to produce green dihydrogen molecules using reliable and sustainable energy in order to distinguish itself as a supplier of an ecological solution for industrial, commercial and mobility users.

We seek Safe Harbor.