Mr. Benoit Veilleux reports

CHARBONE HYDROGEN ANNOUNCES UPDATES ON PREVIOUS ANNOUNCEMENTS

Charbone Hydrogen Corp. has provided updated information concerning the $300,000 secured convertible debentures with an arm's-length investor, Finexcorp, and services agreements signed with Proactive Investors North America Inc. and Investing News Network (INN).

Concerning the debentures, announced on Aug. 31, 2023, Charbone has agreed with the holder to the change of the maturity date from March 1, 2025, to March 30, 2025. All the other terms of the debentures would stay the same and will be issued upon the approval of the TSX Venture Exchange and other customary closing conditions.

In addition, the promotional services agreement with an arm's-length investor, Proactive, announced on Dec. 7, 2023, is for an initial term of one year, started on Dec. 11, 2023, at a monthly payment fee of $3,750. The agreement will automatically renew for additional successive 12-month terms at the end of the initial term and each subsequent renewal term, unless either party provides the other party with written notice of non-renewal at least 90 days prior to the end of the then-current term.

Also, the investor relations services agreement with an arm's-length investor, INN, announced on Dec. 18, 2023, is for a 14-month term, started on Dec. 14, 2023, at a monthly payment fee of $4,575 until December, 2024.

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.