Mr. Andrew White reports

CHAR TECH PROVIDE UPDATE ON GAZOTECH'S BIO-METHANE PROVENCE PROJECT

Char Technologies Ltd. today provided an update on the Bio-Methane Provence (BMP) project in Gardanne, France, an industrial-scale high-temperature pyrolysis (HTP) project being developed by GazoTech SAS under their continuing technology collaboration with Char Tech. BMP has successfully concluded the voluntary preliminary public consultation supervised by France's National Commission for Public Debate (CNDP).

• GazoTech's lead project, Bio-Methane Provence (BMP), an industrial-scale HTP project in France developed under the Char Tech/GazoTech collaboration, has successfully concluded its CNDP-supervised voluntary public consultation, with a clear majority of opinions supporting the project.
• BMP is redeveloping the site of a former 600-megawatt coal-fired power plant in Gardanne, France, converting legacy fossil infrastructure into renewable energy production.
• Once operational, BMP is expected to process 115,000 tonnes of recovered wood annually, producing 230 GWh (gigwatt-hours) (828,000 GJ (gigajoules)) of RNG plus 12,000 tonnes of biocarbon, targeting commercial operations in H2 2029.

The voluntary consultation took place over six weeks, from May 11 to June 22, 2026, and was overseen by two independent guarantors appointed by the CNDP. Although BMP was not legally required to undertake such a process at this stage of project development, GazoTech and its local partners elected to conduct the consultation on a voluntary basis, with the objective of engaging local stakeholders early and informing the upcoming French Environmental Authorization Application process.

BMP is being developed by GazoTech together with its local partner la Societe de production d'energie gardannaise (SPEG), the project vehicle established by the workers' association of the former Centrale de provence power plant (ATCG). The project is being deployed on land owned by GazelEnergie, a subsidiary of Energeticky a prumyslovy holding (EPH), one of Europe's largest privately held energy groups, at the site of a former 600 MW coal-fired power generation unit in Gardanne, Bouches-du-Rhone, France.

Once in commercial operation, BMP is expected to:

• Process approximately 115,000 tonnes per annum of regional end-of-life recovered wood;
• Produce approximately 230 GWh (828,000 GJ) per annum of renewable natural gas (RNG) to be injected into the French gas grid;
• Produce approximately 12,000 tonnes per annum of biocarbon for industrial coal replacement applications.

Commercial operations are targeted for the second half of 2029, subject to obtaining all required permits and authorizations and to securing project financing. Char Tech will continue to provide updates as further BMP project milestones are reached.

"BMP successfully completing its voluntary public consultation marks a meaningful milestone for one of GazoTech's flagship HTP projects in Europe," said Andrew White, chief executive officer of Char Tech. "GazoTech and the BMP team have managed this process with the rigour and transparency that we expect from projects deploying our HTP platform. We view this step as further derisking BMP's path toward environmental authorization application submission later this year, and as a positive signal for the broader European pipeline being developed under our collaboration with GazoTech."

"Choosing to undertake a voluntary preliminary consultation, supervised by the CNDP, was a deliberate choice from day 1," said Mael Disa, chief executive officer of GazoTech. "Engaging early, listening to local stakeholders and answering every legitimate question is the right way to develop industrial projects of this nature in France. We thank the guarantors, the local authorities, our partners and all participants. The feedback collected will feed directly into the next phase of project development."

About Char Technologies Ltd.

Char Tech is a Canadian clean-technology company developing first-in-kind high-temperature pyrolysis (HTP) 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 wastewater 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.

About GazoTech SAS

GazoTech is a France-based developer of technologies and projects that reduce reliance on fossil natural gas by producing low-carbon gas through the pyro-gasification of residual biomass and wastes, for on-site industrial use or grid injection, with the valorization of co-products such as biochar for agricultural use or biocarbon for industrial coal replacement applications.

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