Mr. Dave Gagnon reports

CHARBONE ANNOUNCES ANNUAL GENERAL AND EXTRAORDINARY MEETING OF SHAREHOLDERS' RESULTS AND GRANTS EQUITY AWARDS

Charbone Corp. held its annual general and extraordinary meeting of shareholders on June 18, 2026, and the company's shareholders approved all proposed resolutions:

• To elect the directors of the company, namely, Dave B. Gagnon, Denis Crevier, Frederic Lecoq, Francois Vitez, Andre Halley, Jean-Claude Gonneau and Gregory Fourel, who will serve until the next annual meeting of shareholders or until their successors are elected or appointed;
• To appoint Richter LLP as the external auditor of the company and to authorize the directors of the company to set its compensation;
• To confirm the new omnibus equity incentive plan of the company without changes and included in the circular that has been sent to shareholders and published on SEDAR+; the board of directors determined that it is desirable to have a wide range of incentive awards, including stock options, restricted share units (RSUs), performance share units (PSUs) and deferred share units (DSUs), to attract, retain and motivate employees, directors, executive officers and consultants of the company.

"The year 2026 marks a pivotal year for our company. After several years of development, construction and preparation, we have now entered a phase of execution, commercialization and growth. We have achieved significant milestones and continue to lay the foundations for a company that aspires to become a major player in strategic industrial gases," said Mr. Gagnon, chairman and chief executive officer of Charbone. "I would also like to recognize the exceptional work of our team. No company succeeds alone. Behind every achievement are dedicated men and women from diverse nationalities who work tirelessly every day to transform our vision into reality, safely."

Granting of equity incentives

Charbone is also pleased to announce the grant of certain equity-based awards under its omnibus incentive plan. The board has granted annual equity-based incentives to its employees, consultants, directors and officers. The following incentives were granted:

• Options: A total of 700,000 options were issued to employees and consultants at an exercise price of 15 cents and expiring after two years. The options vest immediately.
• DSUs: A total of 2.96 million DSUs were issued to members of the board of directors. DSUs vest one year after the grant date, subject to certain exceptions.
• RSUs: A total of 3.5 million RSUs have been issued to the executive officers of the corporation. The RSUs vest one year after the grant date and can be settled no later than three years after grant date.

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 facilities 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 others that are in high-demand gases that are often difficult to source. 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 (symbol: CH), the OTCQB (symbol: CHHYF) and the Frankfurt Stock Exchange (symbol: K47).

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