Mr. Benoit Veilleux reports

CHARBONE HYDROGEN ANNOUNCES Q3 2025 FINANCIAL RESULTS

Charbone Hydrogen Corp. has released its financial and operational results for the three and nine-month periods ending Sept. 30, 2025.

Construction of the Sorel-Tracy facility phase 1A is completed. All components are installed and connected on-site and commissioning testing in progress, remaining on track to start production of first hydrogen molecule in the coming days.

Q3 2025 highlights:

• Net operating loss decreased by 17 per cent to $577,159 in the three-month period ending Sept. 30, 2025, down from $697,894 in Q2 2025 (activities still tightening general and administrative expenses).
• Recognition of revenues following the advancement of activities from the master collaborative agreement to support the deployment of a Malaysian green hydrogen project development announced in Q2 2025.
• On Sept. 30, 2025, the company issued new secured convertible debentures to replace previous convertible debentures and with an additional amount of $303,634 for a total of $2,050,000. The replacement debentures are bearing monthly interests at a 12-per-cent annual rate, convertible at seven cents per share and maturing in one year.
• The company has closed a private placement of $1,012,980 ($551,000 in October, 2025), units for debt settlement of $1,776,827 ($503,125 in October, 2025), shares for the management debt settlement of $310,000 and exercises of warrants totalling $657,672 ($452,345 in Q3 2024).
• Following the signature of an asset purchase agreement with Harnois Energies Inc., Charbone has completed the acquisition and reinstallation at its Sorel-Tracy site of the operational hydrogen production and refueling equipment. On Oct. 6, 2025, the company has issued 13,333,334 common shares at 7.5 cents per share, representing $1-million in equity consideration to Harnois Energies Inc. as a part of the payment of the acquisition transaction.
• The company announced it has executed an offtake agreement with a United States Tier 1 industrial gases producer to expand its offerings to customers and made its first delivery of helium in October, 2025, starting its revenues generation from distribution of industrial gases.

Charbone's disciplined financial management, and new strategic partnerships position the company to achieve its vision of becoming a North American leader in clean UHP hydrogen and industrial gases distribution networks. These advancements underscore its commitment to being a game changer in the energy transition.

Management is motivated to keep working on structuring deals to finance further project investments and expansion," said Benoit Veilleux, chief financial officer and corporate secretary of Charbone. "Charbone is moving into execution mode to unlock its strong growth potential."

About Charbone Hydrogen Corp.

Charbone is a developer and producer of clean ultrahigh-purity (UHP) hydrogen with a growing industrial gas distribution platform. Through a modular approach, Charbone is focused on developing a network of clean hydrogen production facilities throughout North America and select markets abroad, starting with its flagship Sorel-Tracy project in Quebec. The company's integrated model reduces risk, enhances scalability and enables diversified revenue streams through partnerships in helium and other specialty gases. Charbone is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gas solutions while supporting underserved industrial gas customers and accelerating the shift to localized clean energy.

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