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Funding Advances Two North American Green Hydrogen Facilities and Electrolyzer Orders Green Hydrogen Production Scheduled to Commence Within Weeks

Brossard, Quebec, December 4, 2024 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is proud to announce that it has closed a $2.1 million CAD (US$1.5M) unsecured convertible debt tranche to accelerate the funding of the construction of its first two green hydrogen production facilities located in Sorel-Tracy, Quebec and Detroit, Michigan, including orders of two electrolyzers for a total capacity of 5,0MW.

The Sorel-Tracy facility will serve as CHARBONE’s flagship green hydrogen production site, with operations scheduled to begin in the coming weeks, following delivery of a pre-ordered electrolyzer in Q1 2025. Additionally, the implementation of a second green hydrogen project site is slated to be confirmed in the Detroit vicinity in the near future. In total, CHARBONE plans to build and deliver a network of sixteen (16) green hydrogen production facilities across North America by 2030.

The first tranche of the financing includes US$1.5 million (CA$2.1M) in gross proceeds through unsecured convertible notes with a 36-month term at a 12% annual interest rate, led by its US banker, maturing in December 2027 or convertible earlier, offered to one arm’s length investor.

“Our ability to attract this significant investment solidifies CHARBONE’s position as a first mover and leader in the North American green hydrogen market,” said Dave Gagnon, Chief Executive Officer and Chairman of the Board. “With production at Sorel-Tracy imminent, we are focused on generating near-term revenue, delivering value to shareholders, and advancing our vision of a modular green hydrogen network. This funding ensures we can execute our aggressive growth strategy while meeting industrial best practices and stakeholder expectations.”

The funds will be allocated to capital expenditures for engineering, equipment, infrastructure, and project management costs for the Sorel-Tracy and Detroit facilities. CHARBONE has placed US$1 million in deposits for two 2.5 MW electrolyzers from a leading global manufacturer with 17 years of experience and a proven track record. This industry leader, specializing in Alkaline and PEM technologies, has delivered over 300 units across five continents and holds more than 60 patents, with an annual production capacity exceeding 5 GW.

NOTE OFFERING DETAILS

The note offering closing of US$1.5 million (CA$2.1M) is part of a private placement led by its US banker of an aggregate principal amount up to US$6 million unsecured convertible notes for 36 months which shall bear interest at a rate of 12% per annum, accrued until maturity or conversion and where the principal amount is convertible into common shares of the Company (“Common Shares”) at a conversion price of the greater of A) $0.10 CAD (or USD equivalent) or B) a price per share representing a discount of 20% to i) the share price reserved for a capital raise conducted by the Issuer, ii) the Market Price at the time of Change of Control Notice or iii) the Market Price at the time of Maturity, per Common Share, led by its US banker.

Charbone did pay a placement agent cash fee of ten percent (10.00%; US$0.15 million) as well as five-year, equity warrants for Common Shares equal to ten percent (10.00%; 1,500,000 warrants) exercisable at an exercise price of CA$0.10 per Common Share or USD equivalent (“Warrants”) in connection with the private placement. The Debentures and Warrants are subject to a restrictive legend expiring after four months and one day, as required by applicable securities laws and the policies of the TSX Venture Exchange. The private placement is subject to final acceptance by the TSX Venture Exchange and other customary closing conditions. The Company intends to close a second tranche in the coming days, but no later than January 3, 2025.

UPDATE ON THE AMENDMENT TO TERMS OF CONVERTIBLE DEBENTURES

Further to its news release dated June 10, 2024 announcing the agreement of principles to amend certain terms of the secured convertible debentures of the Company (each, a “Debenture”) that were issued by the Company in connection with the private placement of debentures of an aggregate principal amount of CA$1.2 million of 14% secured convertible debentures, the Company is pleased to announce that it has met all requirements to request the final approval from TSX Venture Exchange to amend and issue the new Debentures.

About CHARBONE Hydrogen Corporation

CHARBONE is an integrated green hydrogen company focused on creating a network of modular green hydrogen production facilities across North America. Using renewable energy, CHARBONE produces eco-friendly dihydrogen (H2) for industrial, institutional, commercial, and future mobility users. CHARBONE is currently the only publicly traded pure-play green hydrogen company, with shares listed on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information on CHARBONE Hydrogen and its projects, please visit www.charbone.com

Forward-Looking Statements

This news release contains statements that are “forward-looking information” as defined under Canadian securities laws (“forward-looking statements”). These forward-looking statements are often identified by words such as “intends”, “anticipates”, “expects”, “believes”, “plans”, “likely”, or similar words. The forward-looking statements reflect management’s expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements.

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts Charbone Hydrogen Corporation

Dave B. Gagnon Chief Executive Officer and Chairperson of the Board

CHARBONE Hydrogen Corporation

Telephone: +1 438 844-7170 Email: dg@charbone.com

Daniel Charette Chief Operating Officer

CHARBONE Hydrogen Corporation

Telephone: +1 438 800-4946 Email: dc@charbone.com

CHARBONE’s Sorel-Tracy, Quebec project will serve as the Company’s flagship green hydrogen facility, establishing CHARBONE as a leader and first mover, with production expected to start in few weeks, shortly after the pre-ordered and ready for shipment electrolyzer has been shipped and delivered to the site. CHARBONE plans to build and deliver a network of sixteen (16) green hydrogen production facilities across North America by 2030.

The third tranche involved issuing 3,850,000 Units, with each Unit priced at $0.05 and consisting of one common share and one common share purchase warrant.

Proceeds from the financing will be primarily allocated to:

o Engineering and construction at Sorel-Tracy facility

o Equipment procurement and infrastructure development

o Project management and preparation for a larger financing round

Each of the units offered (each a “Unit”), priced at $0.05 per Unit, was comprised of one common share of the Company (each, a “Unit Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional common share of the Company at an exercise price of $0.05 for a period of 12 months following the closing date of the Offering (the “Closing Date”). At the Closing Date, the Company paid a finder’s fee of $1,925 and issued 38,500 finder’s warrants to registered dealers in connection with sale of certain Units to qualified subscribers introduced to the Company by such dealers. The Units were offered by way of the “accredited investor” exemptions under National Instrument 45-106 – Prospectus Exemptions (in Québec, Regulation 45-106 – Prospectus Exemptions). However, the Company reserves the right not to accept subscription amounts of less than $5,000 (100,000 Units) to avoid disproportionate administrative costs.

The closing of the Equity Offering remains subject to the approval of the TSX Venture Exchange and other customary closing conditions. All securities issued pursuant to the Offering are subject to a statutory four month and one day hold period in Canada following the Closing Date.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About CHARBONE Hydrogen Corporation

Forward-Looking Statements

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts Charbone Hydrogen Corporation

Dave B. Gagnon Chief Executive Officer and Chairperson of the Board

CHARBONE Hydrogen Corporation

Telephone: +1 438 844-7170 Email: dg@charbone.com

Daniel Charette Chief Operating Officer

CHARBONE Hydrogen Corporation

Telephone: +1 438 800-4946 Email: dc@charbone.com

Brossard, Quebec, December 3, 2024–CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), North America’s only publicly traded pure-play green hydrogen company, is pleased to announce the second closing of its $1M non-brokered private placement. The Company has secured an additional $0.163M with the closing of its second tranche, for a total amount of $0.818M, to accelerate the completion of its flagship green hydrogen production facility in Sorel-Tracy, Quebec, scheduled to begin operations in the coming weeks. The investment comes from four investors, including the Company’s CFO with a subscription of $0.045M.

The $0.818M raised to date is part of a $1M equity private placement offering. The second tranche involved issuing 3,260,000 Units, with each Unit priced at $0.05 and consisting of one common share and one common share purchase warrant.

Proceeds from the financing will be primarily allocated to:

o Engineering and construction at Sorel-Tracy facility

o Equipment procurement and infrastructure development

o Project management and preparation for a larger financing round

Each of the units offered (each a “Unit”), priced at $0.05 per Unit, was comprised of one common share of the Company (each, a “Unit Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional common share of the Company at an exercise price of $0.05 for a period of 12 months following the closing date of the Offering (the “Closing Date”). At the Closing Date, the Company paid a finder’s fee of $1,630 and issued 32,600 finder’s warrants to registered dealers in connection with sale of certain Units to qualified subscribers introduced to the Company by such dealers. The Units were offered by way of the “accredited investor” exemptions under National Instrument 45-106 – Prospectus Exemptions (in Québec, Regulation 45-106 – Prospectus Exemptions). However, the Company reserves the right not to accept subscription amounts of less than $5,000 (100,000 Units) to avoid disproportionate administrative costs.

About CHARBONE Hydrogen Corporation

Forward-Looking Statements

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts Charbone Hydrogen Corporation

Dave B. Gagnon Chief Executive Officer and Chairperson of the Board

CHARBONE Hydrogen Corporation

Telephone: +1 438 844-7170 Email: dg@charbone.com

Daniel Charette Chief Operating Officer

CHARBONE Hydrogen Corporation

Telephone: +1 438 800-4946 Email: dc@charbone.com

Green Hydrogen Production Scheduled to Commence (within weeks)

Brossard, Quebec, November 26, 2024–CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), North America’s only publicly traded pure-play green hydrogen company, is pleased to announce the first closing of its $1M non-brokered private placement. The Company has secured $0.7M to accelerate the completion of its flagship green hydrogen production facility in Sorel-Tracy, Quebec, scheduled to begin operations in the coming weeks.

The $0.7M raised to date is part of a $1M equity private placement offering. The first tranche involved issuing 13,100,100 Units, with each Unit priced at $0.05 and consisting of one common share and one common share purchase warrant. A second tranche for the remaining $0.3M may close by December 12, 2024.

“This financing reflects growing confidence in CHARBONE’s leadership in North America’s green hydrogen sector,” said Dave Gagnon, CEO and Chairman of CHARBONE Hydrogen. “We are on track to commence production and deliver near-term revenue, while pursuing our vision to establish a network of 16 modular hydrogen production facilities by 2030.”

 Proceeds from the financing will be primarily allocated to:

o Engineering and construction at Sorel-Tracy facility

o Equipment procurement and infrastructure development

o Project management and preparation for a larger financing round Each of the units offered (each a “Unit”), priced at $0.05 per Unit, was comprised of one common share of the Company (each, a “Unit Share”) and one common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional common share of the Company at an exercise price of $0.05 for a period of 12 months following the closing date of the Offering (the “Closing Date”). At the Closing Date, the Company paid a finder’s fee of $17,350 and issued 347,000 finder’s warrants to registered dealers in connection with sale of certain Units to qualified subscribers introduced to the Company by such dealers. The Units were offered by way of the “accredited investor” exemptions under National Instrument 45-106 – Prospectus Exemptions (in Québec, Regulation 45-106 – Prospectus Exemptions). However, the Company reserves the right not to accept subscription amounts of less than $5,000 (100,000 Units) to avoid disproportionate administrative costs.

The closing of the Equity Offering remains subject to the approval of the TSX Venture Exchange and other customary closing conditions. The Company may close a second tranche in the coming days, but no later than December 12, 2024. All securities issued pursuant to the Offering are subject to a statutory four month and one day hold period in Canada following the Closing Date.

About CHARBONE Hydrogen Corporation

Forward-Looking Statements

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts Charbone Hydrogen Corporation

Dave B. Gagnon Chief Executive Officer and Chairperson of the Board

CHARBONE Hydrogen Corporation

Telephone: +1 438 844-7170 Email: dg@charbone.com

Daniel Charette Chief Operating Officer

CHARBONE Hydrogen Corporation

Telephone: +1 438 800-4946 Email: dc@charbone.com

Brossard, Quebec, October 9, 2024 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is excited to announce a key addition to its industrial gases operations team as it prepares for production at its flagship project in Sorel-Tracy, Quebec.

Strengthening Field Operations with New Leadership

CHARBONE is pleased to welcome Patrick Cuddihy, a seasoned operations leader with over 20 years of experience at Air Liquide Canada, to its hydrogen operations team. Patrick brings a wealth of expertise in managing industrial gas production and distribution, having held senior roles including Network Sales Director – Quebec Region, General Manager – Pacific Region, Director of Procurement Services, and Director of Logistics and Assets – Eastern Region.

His operational acumen will be instrumental as CHARBONE transitions its first project deployment to full-scale production. Working closely with CHARBONE’s executive team, Patrick will support the operation and the management of green hydrogen production projects across the U.S. and Canada.

“Patrick’s extensive experience in industrial gases, particularly in operations and supply chain management, will significantly strengthen our team as we move from planning to execution,” said Dave Gagnon, Chief Executive Officer and Chairman of the Board, CHARBONE Hydrogen. “As we prepare to generate our first revenues, we are focused on increasing shareholder value through efficient operations and strategic growth.”

Expanding Operations and Workforce

CHARBONE’s green hydrogen production is set to commence later this year at its Sorel-Tracy facility, with a second site near Detroit, Michigan planned by the end of 2024. As part of its broader expansion strategy, the Company is also growing its workforce and targeting new market opportunities in key regions, including New York, Ontario, Pennsylvania, Illinois, Wisconsin, and California.

Additionally, CHARBONE has been invited to participate in two large-scale Requests for Information (RFIs), further demonstrating the growing demand for green hydrogen solutions. By 2030, the Company aims to operate 16 green hydrogen production facilities across North America.

Webinar Invitation: Key Insights for Hydrogen Investing

Join CHARBONE at the Investing News Network’s (INN) Free Webinar today, October 9th, where the Company will discuss the fast-growing hydrogen market and key opportunities for investors. Don’t miss this high-energy event! Register here.

About CHARBONE Hydrogen Corporation

Forward-Looking Statements

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts Charbone Hydrogen Corporation

Dave B. Gagnon Chief Executive Officer and Chairperson of the Board

CHARBONE Hydrogen Corporation

Telephone: +1 438 844-7170 Email: dg@charbone.com

Daniel Charette Chief Operating Officer

CHARBONE Hydrogen Corporation

Telephone: +1 438 800-4946 Email: dc@charbone.com

Brossard, Quebec, October 3, 2024 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is pleased to have entered into a special consultancy agreement with Enki GéoSolutions Inc. to advise CHARBONE executive team on potential partnership proposals as a co-operator and distributor of this emerging form of clean and renewable hydrogen, known as “white hydrogen or natural hydrogen”.

CHARBONE is thrilled to welcome Mr. Stephan Séjourné, P.Geo., a leading Quebec exploration geologist and President of Enki GéoSolutions Inc., to its scientific team. Mr. Séjourné is a well-known and highly respected Quebec exploration geologist who initially worked as an independent consultant in the petroleum industry, before founding Enki GéoSolutions to apply his experience to other resources. He turned his attention to Natural Hydrogen in 2017 and recently spearheaded, with the INRS-ETE, a series of six groundbreaking research reports on Natural Hydrogen in Quebec prepared for and funded by the Quebec government.

Mr. Séjourné will provide scientific advice to CHARBONE’s executive team on white hydrogen collaboration decisions. With a future network of at least 16 strategically located facilities throughout Canada and the U.S., CHARBONE will streamline the process of receiving, purifying, compressing, and distributing hydrogen to meet the growing demand. This capability will allow CHARBONE to become a key player in the clean hydrogen supply chain, offering solutions that drive both innovation and efficiency.

“Mr. Séjourné is a world-class recognized geologist who brings tremendous complementary scientific experience to the Company executive team, while the Natural Hydrogen sector has incredibly exciting possibilities and may change how we think about that source of energy,” said Dave Gagnon, Chief Executive Officer and Chairman of the Board, CHARBONE Hydrogen. “Our goal as always, is to maximize our portfolio, our revenues and our shareholder value.”

CHARBONE’s green hydrogen production is set to begin later this year at its Sorel-Tracy, Quebec facility, with plans to launch a second site near Detroit, Michigan by year-end. The Company is also actively expanding its workforce and targeting additional high-potential markets, including New York, Ontario, Pennsylvania, Illinois, Wisconsin, and California. Additionally, CHARBONE has been invited to propose projects in two large-scale Requests for Information (RFIs). By 2030, the Company aims to establish 16 green hydrogen production facilities across North America.

About CHARBONE Hydrogen Corporation

Forward-Looking Statements

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts Charbone Hydrogen Corporation

Dave B. Gagnon Chief Executive Officer and Chairperson of the Board

CHARBONE Hydrogen Corporation

Telephone: +1 438 844-7170 Email: dg@charbone.com

Daniel Charette Chief Operating Officer

CHARBONE Hydrogen Corporation

Telephone: +1 438 800-4946 Email: dc@charbone.com

Brossard, Quebec, September 18, 2024 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is thrilled to announce its receipt of multiple partnership proposals from natural hydrogen exploration companies. These proposals position CHARBONE as a co-operator and distributor of this emerging form of clean and renewable hydrogen, known as “white hydrogen”.

Having long focused on green hydrogen projects, CHARBONE is now exploring to deepen its involvement in white hydrogen, to complement its future network of production facilities. By leveraging its extensive expertise in the hydrogen market, CHARBONE is poised to support exploration companies with services that will help accelerate the deployment of clean hydrogen across North America.

With a future network of at least 16 strategically located facilities throughout Canada and the U.S., CHARBONE will streamline the process of receiving, purifying, compressing, and distributing hydrogen to meet the growing demand. This capability allows CHARBONE to be a key player in the clean hydrogen supply chain, offering solutions that drive both innovation and efficiency.

“Charbone remains a leader in the green and clean hydrogen space, bringing unparalleled knowledge to the industrial market,” said Dave Gagnon, Chief Executive Officer and Chairman of the Board, CHARBONE Hydrogen. “While we continue to expand our green hydrogen production capabilities as well as our surrounding ecosystem, we are also exploring other clean hydrogen sources, such as white hydrogen. Our future initial investment in this area will be measured, but as we gain confidence in its potential, we will scale up to maximize shareholder value.”

Capital Management Update

In line with previous announcements on November 17, 2023, and July 24, 2024, CHARBONE has finalized remuneration debt settlements totaling $180,000 involving key management personnel, including the CEO. Following Exchange approval and disinterested shareholder consent on December 19, 2023, 1.8 million Common Shares have been issued to settle the debt. These shares are subject to a four-month statutory hold period.

About CHARBONE Hydrogen Corporation

Forward-Looking Statements

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts Charbone Hydrogen Corporation

Dave B. Gagnon Chief Executive Officer and Chairperson of the Board

CHARBONE Hydrogen Corporation

Telephone: +1 438 844-7170 Email: dg@charbone.com

Daniel Charette Chief Operating Officer

CHARBONE Hydrogen Corporation

Telephone: +1 438 800-4946 Email: dc@charbone.com

Brossard, Quebec, July 16, 2024 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is pleased to announce its participation in the upcoming World Electrolysis North America free webinar: Scaling Up Electrolytic Hydrogen in North America on July 17, 2024 at 1:00 PM EDT.

Part of an expert industry panel discussion focused on policy measures, funding and other market activities helping to scale-up electrolyzer deployment for clean hydrogen projects, Chief Operating Officer, Daniel Charette, will introduce CHARBONE’s plans to deliver a network of modular green hydrogen facilities across North America.

With green hydrogen production poised to kick off later this year at its Sorel-Tracy, Quebec facility along with plans to introduce a second Detroit, Michigan area facility before year-end, CHARBONE recently announced its intent to target additional high-potential markets including Chicago, New York, the GTA in Ontario, Wisconsin, Indiana, Pennsylvania, and California. In total, CHARBONE plans to deliver 16 green hydrogen production facilities across North America by 2030 and is actively mobilizing and ensuring the availability of its supply chain of fully integrated electrolyzers ranging up to 2.5 MW, 5.0 MW, 10.0 MW and above. The Company also confirms it is in the process of responding to and proposing projects for two different large-scale RFIs (Requests for Information).

The emphasis being placed on green hydrogen development by both US and Canadian administrations, backed by substantial tax credit incentives, has made the domestic electrolysis market highly attractive to investors. As a result, CHARBONE is designing new ‘fast-build’ production facilities and planning ambitious projects.

The Sorel-Tracy Green Hydrogen Project will serve as the Company’s flagship facility, giving CHARBONE a first-mover advantage with production starting in 2024 with an initial capacity of approximately 400kg. Following a phased development approach, the project will allow to gradually scale up the production of hydrogen. The facility will target a wide array of industrial users who are abandoning fossil-fuel-driven gray hydrogen and opting for a cleaner alternative.

The inaugural World Electrolysis North America large conference in Boston, USA, will bring together electrolytic hydrogen experts, prominent industry leaders, and key stakeholders throughout the North American clean hydrogen landscape to unlock new commercial opportunities and deep insight into the electrolysis ecosystem in the region. Free registration and more information for the July 17th pre-event webinar can be found here.

About CHARBONE Hydrogen Corporation

CHARBONE is an integrated green hydrogen group focused on delivering a network of modular green hydrogen production facilities across North America. Using renewable energy sources to produce green (H2) dihydrogen molecules and eco-friendly energy solutions for industrial, institutional, commercial and future mobility users, CHARBONE plans to scale and deliver green hydrogen production facilities in both the US and Canada by 2024, with an additional 14 facilities planned by 2030. CHARBONE is the only publicly traded pure-play green hydrogen company with common shares trading on the TSX Venture Exchange (TSXV: CH); the OTC Markets (OTCQB: CHHYF); and the Frankfurt Stock Exchange (FSE: K47). For more information, please visit www.charbone.com

Forward-Looking Statements

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts Charbone Hydrogen Corporation

Dave B. Gagnon Chief Executive Officer and Chairperson of the Board

CHARBONE Hydrogen Corporation

Telephone: +1 438 844-7170 Email: dg@charbone.com

Daniel Charette Chief Operating Officer

CHARBONE Hydrogen Corporation

Telephone: +1 438 800-4946 Email: dc@charbone.com

Brossard, Quebec, July 11, 2024 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is pleased to provide an update on its 2025 North American market expansion efforts as the Company onboards a new Operations team member.

Charbone is pleased to welcome Mr. David Cheung Atkinson, P.Eng, MBA as a consultant to its operation team. A long-time energy colleague of the CHARBONE management team, David’s 25 years of experience in renewable energy spans micro-grid, wind, solar and energy storage projects, with a mix of project engineering, project development, permitting, financing and operations. David will work with Charbone’s COO to support the green hydrogen project deployments across the United States and Canada, while helping to execute renewable energy power purchase agreements (PPA’s), interconnection agreements (IA’s), and will manage the daily operations of CHARBONE’s remaining production assets on the renewable energy side of the business.

“David is a strong leader who brings tremendous complementary renewable energy experience to the Company team during this pivotal growth stage,” said Daniel Charette, Chief Operating Officer, CHARBONE Hydrogen. “In addition to US incentives, the Canadian Investment Tax Credits (ITCs) for clean hydrogen should provide CHARBONE with significant tax rebates on project costs of up to 40%. PPA’s will allow us to purchase clean and renewable electricity from the grid and access regulatory incentives, has we aim to tap into David’s experience here and in many other areas.”

With green hydrogen production poised to kick off later this year at its Sorel-Tracy, Quebec facility along with plans to introduce a second Detroit, Michigan area facility before year-end, CHARBONE is making moves to expand its workforce and enter new markets. The Company intends to target additional low-supply / high-potential markets including New York, Ontario, Pennsylvania, Illinois, Wisconsin and California. CHARBONE has also been invited to respond and propose projects in two different large-scale RFIs (Requests for Information). In total, CHARBONE plans to deliver 16 green hydrogen production facilities across North America by 2030.

About CHARBONE Hydrogen Corporation

Forward-Looking Statements

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts Charbone Hydrogen Corporation

Dave B. Gagnon Chief Executive Officer and Chairperson of the Board

CHARBONE Hydrogen Corporation

Telephone: +1 438 844-7170 Email: dg@charbone.com

Daniel Charette Chief Operating Officer

CHARBONE Hydrogen Corporation

Telephone: +1 438 800-4946 Email: dc@charbone.com

Brossard, Quebec, June 10, 2024 – CHARBONE HYDROGEN CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (the “Company” or “CHARBONE”), North America’s only publicly traded pure-play green hydrogen company, is pleased to announce that further to its news release dated October 11, 2022, it has signed an agreement of principles to amend (the “Debenture Amendment”) certain terms of the secured convertible debentures of the Company (each, a “Debenture”) that were issued by the Company in connection with the private placement of debentures of an aggregate principal amount of $1.2 million CAD of 14% secured convertible debentures.

Prior to the Debenture Amendment taking effect, the Debentures were convertible into common shares of CHARBONE (each, a “Debenture Share”), at a conversion price per share of $0.40 CAD, until maturity.

Under the new Debenture Amendment:  The maturity date has been extended from October 7, 2024 to October 31, 2025;  The convertible balance, including unpaid interests, moves from $1.2 million CAD to $1.345 million CAD with a annual rate decrease dropping from 14% to 12%, payable monthly; and  The conversion price of the Debentures moves from $0.40 per Debenture Share to $0.10 CAD per Debenture Share; with an additional 1,345,000 new warrants exercisable at a price per share of $0.10 CAD, for a period of 12 months (the “Warrants”).

The new Debentures and Warrants will be subject to the approval of the TSX Venture Exchange and the completion of a first closing of the multi-million-dollar financing mentioned by press release on March 18, 2024.

“The steps announced today meaningfully extend maturities and provide us with additional financial flexibility to execute our plans to deliver green hydrogen production facilities in both the US and Canada before year end,” said Benoit Veilleux, Chief Financial Officer and Corporate Secretary of CHARBONE. “We will continue to optimize our capital structure as we gain momentum and advance our first-mover advantages and shareholder interests.”

Other Corporate Updates

Investment Publishing LLC has been active since 2014 on different YouTube channels and based in Indiana (USA). Common Cents Media, from Washington state (USA), is a market communications and digital content partner to companies driving disruptive innovation and environmental sustainability across tech and resource intensive sectors. Investment Publishing LLC subscribed for 420,000 Units of the February 1st, 2024 private placement. No stock options are being granted to either Investment Publishing LLC or Common Cents Media, and no other compensation is payable in connection with their engagement other than the monthly fee disclosed in the press release issued on February 20th, 2024 and they do not have any intent to acquire more interest in Charbone, as per Charbone’s knowledge.

Further to its news releases dated December 7, 2023 and March 8, 2024 announcing the closing of Units for debt settlement for a total of $138,066 of suppliers’ payables, the Company is pleased to announce that it has received all approval from TSX Venture Exchange to issue the shares and warrants and can confirm settlement of the debts. Also, the nature of services provided were $88,066 for legal fees and $50,000 for engineering work.

Charbone has retained Independent Trading Group (‘’ITG’’), established in 1992 and based in Toronto as an independent dealer, to provide services whereby it will buy and sell securities of the Company for the purposes of “market making”, which includes facilitating trading, or liquidity, in those securities in the capital of the Company that are trading on the TSX Venture Exchange. Under the terms of the agreement, ITG will receive a fee of $5,000 per month for an initial period of three months, commencing May 1, 2022. The agreement has been automatically renewed since then and will continue to renew for subsequent 1-month terms unless either party provides at least 30 days written notice. No stock options are being granted, and no other compensation is payable in connection with the engagement. Chris Kaplan from ITG has no relationship with Charbone other than being the market maker for Charbone. ITG has variable stock position in Charbone in the course of the “market making” mandate and using their own funds to execute.

About CHARBONE Hydrogen Corporation

Forward-Looking Statements

Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts Charbone Hydrogen Corporation

Dave B. Gagnon Chief Executive Officer and Chairperson of the Board

CHARBONE Hydrogen Corporation

Telephone: +1 438 844-7170 Email: dg@charbone.com

Daniel Charette Chief Operating Officer

CHARBONE Hydrogen Corporation

Telephone: +1 438 800-4946 Email: dc@charbone.com