Mr. Dave Gagnon reports

CHARBONE HYDROGEN ANNOUNCES GRANT OF COMMON SHARE PURCHASE OPTIONS AND UNITS FOR DEBTS UPDATE

Charbone Hydrogen Corp. has granted 1.1 million common share purchase options of Charbone to directors, executives and team members. Those options are granted in accordance with the conditions of the Charbone stock option plan. Each option allows its holder to purchase one common share of the company at a price of 7.5 cents per common share for a period of one year starting Nov. 8, 2023.

Concerning the previously announced, on Aug. 31 and Sept. 7, 2023, closings of units for debt settlements, following discussions with TSX Venture Exchange, the company had to revise the total amount and number of units to be issued. The company has settled with certain arm's-length suppliers a total of $479,162 payable through the issuance of units. A total of 4,791,619 units will be issued pursuant to the closing, at a conversion price per unit of 10 cents. Any debt settlement will be reflected in a formal agreement and will be subject to the final approval of the TSX Venture Exchange.

About Charbone Hydrogen Corp.

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.