Mr. Dave Gagnon reports

CHARBONE HYDROGEN ANNOUNCES FIRST SHIPMENT OF GREEN HYDROGEN STORAGE EQUIPMENT READY FOR DELIVERY TO FLAGSHIP QUEBEC PROJECT

Charbone Hydrogen Corp. has built an essential component for the storage of green hydrogen and is ready for transport to its flagship green hydrogen site, located in the city of Sorel-Tracy, Que., along Highway 30's Steel Highway. News of the coming equipment delivery quickly follows Charbone's recent strategic priorities announcement and stated intent to have its green hydrogen production facility operational this summer.

State-of-the-art storage tubes, fabricated by one of North America's top high-pressure tube manufacturers out of Littleton, Mass., were engineered to manage significantly higher pressures than others found in market. Charbone's compression standards were selected in order to increase and optimize safe storage capacity while ultimately reducing transportation and delivery costs. The different hydrogen production components for the Sorel-Tracy project were ordered and secured with down payments already made.

Arrival of large-scale, high-pressure hydrogen storage tubes being co-ordinated with on-site construction schedule

"After years of intensive and hard work, Charbone is hitting another important milestone today with the delivery of this first component for our flagship Canadian project," said Dave Gagnon, chief executive officer of Charbone. "Our unique approach to modular green hydrogen plant development allows us to move fast. Now, just months away from launching production, I'm proud of our team's dedication and also want to acknowledge and thank investors, shareholders and our families for their strong and unwavering support."

The Sorel-Tracy green hydrogen project will serve as the company's flagship facility, giving Charbone a first-mover advantage with production starting Q3 2024. Following a phased approach, and gradually accelerating to produce approximately 200 kilograms per day once reaching initial full capacity, the facility is targeting industrial uses and replacing grey hydrogen with a clean and reliable renewable alternative to hydrogen produced from fossil fuels.

Charbone is now preparing to set up a delivery schedule for the other production and storage equipment.

About Charbone Hydrogen Corp.

Charbone is an integrated green hydrogen group focused on delivering a network of modular green hydrogen production facilities across North America. Using renewable energy sources to produce green dihydrogen molecules and ecofriendly energy solutions for industrial, institutional, commercial and future mobility users, Charbone plans to scale and deliver green hydrogen production facilities in both the United States and Canada by 2024, with an additional 14 facilities planned by 2030. Charbone is the only publicly traded pure play green hydrogen company with common shares trading on the TSX Venture Exchange (TSX-V: CH), the OTC (over-the-counter) market (OTCQB: CHHYF) and the Frankfurt Stock Exchange (FSE: K47).

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