Mr. Andrew White reports

CHAR TECH ANNOUNCES RSU AND OPTIONS GRANT

Char Technologies Ltd.'s board of directors has approved the grant of 1,116,159 stock options to employees, consultants, directors and officers of Char Technologies, which are exercisable into common shares of Char Technologies at a price of 42 cents per common share and expire on April 15, 2029. Of the grant, 312,500 options vest immediately, and the remaining 803,659 vest with time and performance milestones over the next 48 months.

Char Technologies also announces that its board of directors has approved the grant of 968,933 restricted stock units to employees, consultants and officers of Char Technologies. Of the grant, 174,020 RSUs vest after one year from the date of issue, and the remaining 794,913 vest with time and performance milestones over the next 48 months. The foregoing grants are subject to the company's amended and restated omnibus long-term incentive plan and approval of the TSX Venture Exchange.

About Char Technologies Ltd.

Char Technologies (TSX Venture Exchange: YES) first-in-kind high-temperature pyrolysis technology processes unmerchantable wood and organic wastes to simultaneously generate two renewable energy revenue streams: renewable natural gas or green hydrogen and a solid biocoal that is a carbon-neutral drop-in replacement for metallurgical steel making coal.

Char Technologies' HTP is an ideal waste to energy solution that aligns with the global green energy transition by diverting waste from landfills and generating sustainable clean energy to decarbonize heavy industry.

We seek Safe Harbor.