Mr. Andrew White reports

CHAR TECH APPOINTS INFRASTRUCTURE & CAPITAL MARKETS VETERAN KEVIN MELNYK AS CFO AND REMINDS SHAREHOLDERS OF UPCOMING AGM

Char Technologies Ltd. has appointed Kevin Melnyk as the company's new chief financial officer, effective May 4, 2026.

Mr. Melnyk is an accomplished financial executive with deep expertise in mergers and acquisitions, capital structuring, and renewable energy infrastructure finance, known for driving growth and transformation. He brings extensive senior leadership experience from Clearlight Energy, Algonquin Power & Utilities Corp., and Priveq Capital Funds, and holds CFA, CPA and CA designations alongside a bachelor of commerce (honours) from the University of Manitoba.

"We are thrilled to welcome Kevin to the Char Tech team at such a defining moment in our company's growth," said Andrew White, chief executive officer of Char Tech. "Kevin's deep experience structuring capital across renewable energy and infrastructure projects, combined with his track record in M&A and debt and equity markets, makes him exceptionally well suited to help us execute on our pipeline and scale the business."

Outgoing chief financial officer Raquel Insa has been an integral part of Char Tech's growth, contributing significantly to the company's financial leadership during a critical period of development. During her tenure, she played a key role in advancing the company's project pipeline and strengthening its financial foundation as Char Tech moved from development stage toward commercial operations.

"We extend our sincere gratitude to Raquel for her dedication and many contributions to Char Tech," said Mr. White. "She has been a trusted member of our leadership team and leaves the company in a strong position. We wish her every success in her future endeavours."

Annual general meeting reminder -- May 7, 2026

Char Tech also reminds shareholders that its annual general meeting will be held at 9:30 a.m. EST on Thursday, May 7, 2026, at the Sears Atrium, Toronto Metropolitan University, 245 Church St., Toronto, Ont., door open at 8:30 a.m. EST.

The company ios also pleased to announce its guest speakers for this year's AGM:

• Paul Veldman, chief executive officer, The BMI Group: Mr. Veldman will introduce the BMI Group, discuss its business model of acquiring legacy pulp and paper facilities, and discuss how those facilities align with Char Tech's expansion plans.
• Anderson Morelato, head of decarbonization of ArcelorMittal: Mr. Morelato will review ArcelorMittal's efforts in decarbonization of its steel production, with a view to their needs for biocarbon.

The AGM will include a year in review, strategic outlook from management, and a live question-and-answer session. The company looks forward to connecting with its shareholder community.

Attending in person? If you have not yet registered, RSVP for in-person attendance.

Joining virtually? A live webcast will be available for those unable to attend in person. RSVP for virtual attendance.

About Char Technologies Ltd.

Char Tech is a Canadian clean-technology company developing first-in-kind high-temperature pyrolysis systems that process unmerchantable wood and organic waste to generate two renewable energy revenue streams, renewable natural gas or green hydrogen, and a solid biocarbon that serves as a carbon-neutral, drop-in replacement for metallurgical coal.

Char Tech's HTP platform is also advancing a new vertical focused on the permanent destruction of PFAS in waste water biosolids. Operating at temperatures sufficient to break down long-chain fluorinated compounds, the system enables municipalities and industrial operators to eliminate PFAS while converting biosolids into energy and low-carbon solid products.

We seek Safe Harbor.