Mr. Andrew White reports

CHAR TECHNOLOGIES ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT, INITIATION OF NEW MARKETING EFFORTS

Char Technologies Ltd. has closed its previously announced non-brokered private placement. The offering was initially announced on Feb. 23, 2026, and was subsequently increased on March 6, 2026. Following the March 6, 2026, announcement, the company received additional investor demand, resulting in a modest further increase in the final size of the offering.

In connection with closing of the offering, the company issued 17,055,585 units at a price of 23.5 cents per unit for gross proceeds of $4,008,062.48. Each unit consists of one common share of the company and one-half of a non-transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one common share of the company at an exercise price of 35 cents for a period of 24 months from the closing date of the offering.

In connection with the offering, the company paid aggregate cash finders' fees of $186,078.87 to arm's-length finders and no finders' warrants were issued.

The offering remains subject to final approval of the TSX Venture Exchange.

The units under the offering are being offered by way of private placement pursuant to applicable exemptions from the prospectus requirements in each of the provinces of Canada and are being offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirement available under Section 2.3 of Ontario Securities Commission Rule 72-503, Distributions Outside Canada, and accordingly, the securities issued pursuant to OSC 72-503 will not be subject to resale restrictions. All other securities issued under the offering are subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws. The offering is not a related party transaction as defined by Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and therefore is not subject to TSX Venture Exchange Policy 5.9.

Proceeds of the offering will be used for general working capital, to continue to progress the company's project pipeline, and to support capital advisory and investor relations services.

Marketing and investor relations agreement with Outside the Box Capital Inc. (OTBC)

The company also announces that it has entered into a marketing and consulting agreement with the arm's-length marketing firm Outside the Box Capital, of Oakville, Ont., to build awareness as the company continues to work on delivering key milestones, and to provide marketing consulting and investor relations services, including marketing through OTBC's social media channels and on-line media distribution. Specifically, OTBC will employ various social media platforms, including Reddit, Discord, Telegram, X, StockTwits, YouTube and Facebook, to bring investor awareness to the company.

Under the OTBC agreement, for a term of six months effective as of March 15, 2026, the company will pay OTBC an aggregate cash compensation of $150,000 plus applicable taxes. No stock options, performance factors or additional compensation are included.

About Char Technologies Ltd.

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

Char's 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.