Mr. Benoit Veilleux reports

CHARBONE REPORTS Q2 2026 FINANCIAL RESULTS, CONFIRMING 155% GAS INCOME GROWTH

Charbone Corp. has released its second quarter 2026 financial and operational results for the six-month period ending June 30, 2026. Charbone will also be hosting a webinar on Monday, Aug. 31, 2026, at 11 a.m. EDT.

In Q2 (second quarter) 2026, gas income across Charbone's hydrogen production plants and regional supply hubs for all industrial gases increased 155 per cent to $500,000 from $200,000 for the prior three-month period ending March 31, 2026. Demand accelerated throughout Q2 2026, driving increased recurring revenues and new customers. Charbone continues to expand its full-stack platform, including the phase 1B scale-up at Sorel-Tracy, following arrival of the second electrolyzer on site, along with distribution equipment deployed to support growing demand and expected future sales growth from new and existing customers.

Q2 2026 highlights:

• Gas income increased 155 per cent to $500,000 in Q2 2026, compared with $200,000 in Q1 2026.
• For the six months ended June 30, 2026, gas income increased 100 per cent to $600,000, compared with nil in the same period of 2025.
• General and administrative expenses remained disciplined in Q2 2026, with the company continuing to improve its operating leverage relative to growing revenues.
• On April 29, 2026, the company drew down $3-million as the first tranche of its new $10-million secured convertible loan facility, with additional optional drawdowns available during the term.
• As of June 30, 2026, property, plant and equipment assets increased by $3.5-million since Dec. 31, 2025, reflecting continuing investment in the Sorel-Tracy phase 1B buildout and distribution infrastructure.

"Our platform is generating revenue across multiple gases and multiple markets and we are excited about the momentum we are building. Across North America, we are expanding our footprint and delivering UHP, sustainable industrial gases to customers who depend on reliable regional supply. At the same time, we remain focused on operational performance and capital discipline. With the phase 1B electrolyzer now on site at Sorel-Tracy, we are advancing commissioning on track for fall 2026. Our vision is quickly becoming a reality and we continue to execute on this growth for the long-term benefit of our shareholders," said Benoit Veilleux, chief financial officer and corporate secretary of Charbone .

As of June 3, 2026, the company's corporate name was formally changed from Charbone Hydrogen Corp. to Charbone, reflecting its evolution into a full-spectrum industrial gases platform. Subsequent to Q2 2026, Charbone also expanded its dedicated helium delivery fleet from one unit to five following accelerated commercial demand, adding 22 new customers across Quebec and securing long-term supply commitments through 2028. On Aug. 18, 2026, the company announced the delivery of the phase 1B electrolyzer to its Sorel-Tracy hydrogen production plant, marking the most significant physical milestone to date for the phase 1B buildout. Commissioning is targeted for fall 2026.

Reminder:  Charbone to host second quarter results and corporate update webinar

Charbone invites all investors and other interested parties to register on-line for the webinar. Management will be presenting an overview of its Q2 2026 results, recent operational achievements and upcoming milestones. There will be an allotted time for a Q&A (question-and-answer) period. You may submit your questions beforehand in the registration form or live on the webinar platform.

Date:  Monday, Aug. 31, 2026

Time:  11 a.m. EDT

About Charbone Corp.

Charbone is a vertically integrated industrial gases company focused on developing and operating a network of supply hubs for the production, storage and distribution of ultrahigh-purity (UHP) strategic industrial gases. The company serves customers across sectors, including semiconductors, artificial intelligence and data centres, advanced pharmaceuticals, and aerospace and defence technologies, where UHP gases are critical for high-precision manufacturing processes and operational performance. Charbone is advancing a network of clean UHP hydrogen production plants across North America and selected international markets. The company's modular, decentralized and demand-driven approach, combined with its integrated storage and distribution platform for all UHP gases, supports scalable growth, enhances operational flexibility, and enables more stable and diversified revenue generation. This model allows Charbone to efficiently serve mid-tier industrial gas customers with a reliable supply of UHP gases, including hydrogen, helium, oxygen and any other high-demand gases that are often difficult to source reliably at the regional level. The company is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gases, while addressing supply gaps for underserved industrial customers and accelerating the shift toward localized clean energy. Charbone is listed on the TSX Venture Exchange, the OTC Markets and the Frankfurt Stock Exchange.

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