Mr. Benoit Veilleux reports

CHARBONE SECURES LONG-TERM HYDROGEN SUPPLY CONTRACT WITH HONE INC. TO SUPPORT CLEAN ENERGY SOLUTIONS FOR THE ENTERTAINMENT INDUSTRY

Charbone Corp. has entered into a long-term hydrogen supply contract with Hone Inc., a provider of mobile hydrogen power solutions for a variety of applications, including the film and television production industry.

Deepening a proven commercial relationship

This agreement follows Charbone's Jan. 22, 2026, announcement of its first hydrogen sales in Ontario to Hone. The long-term supply contract with Hone formalizes and extends that commercial relationship, reflecting the growing acceptance of Charbone's clean hydrogen as a proven energy solution for onset power generation in one of North America's most active production markets.

Hone delivers mobile hydrogen power as a clean alternative to diesel generators for film and television productions. Hone's trailer-mounted 165-kilowatt hydrogen ICE generator systems replicate the standard production 1,400-amp diesel genset that eliminates emissions onset. Each generator day can displace more than 1.5 tonnes of carbon dioxide compared with diesel operations. Charbone's hydrogen serves as the fuel source for Hone's proprietary Fuel Block delivery and drop-and-swap refuelling system, which enables uninterrupted power throughout production.

Growing acceptance in the entertainment sector

The commercial traction achieved through this partnership demonstrates the real-world viability of hydrogen as a clean, reliable power source in mobile and time-sensitive production environments. A major Hollywood studio with multiple productions filming in Toronto has utilized Hone's hydrogen generator service and Charbone's clean hydrogen on several occasions, an important validation of both the technology and the supply chain supporting it.

Contract terms

The long-term supply agreement is binding in nature and covers a term of two years, subject to the terms and conditions agreed upon by both parties.

Consistent with its established practice, Charbone is not disclosing the volume, pricing or financial terms of this commercial arrangement to maintain its competitive position in the market. The company has noted that demand for its clean ultrahigh purity hydrogen continues to outpace the available supply, a market dynamic that underscores the strategic importance of expanding Charbone's production network. Revenues generated by the company's production, distribution and service activities are presented on a consolidated basis in its quarterly financial statements.

Management commentary

"This long-term supply agreement with Hone is a direct extension of the commercial momentum we established earlier this year, and it reflects something meaningful: The entertainment industry is not just testing hydrogen. It is integrating it into active studio production workflows," said Dave Gagnon, chairman and chief executive officer of Charbone. "Clean hydrogen is proving its value in some of the most demanding operational environments, where reliability, safety and performance are non-negotiable. We are proud to be the supply partner enabling that transition, and we look forward to supporting Hone and their clients across what we expect to be a growing number of Hollywood productions."

"Partnering with Charbone on a long-term basis gives Hone the supply certainty we need to confidently serve our clients across multiple Hollywood productions, and a diverse range of other industries and clients," said Ry Smith, chief executive officer of Hone. "Clean, reliable hydrogen is the foundation of our service offering, and Charbone's clean UHP hydrogen meets the quality and logistics standards our customers depend on."

About Charbone Corp.

Charbone is a vertically integrated industrial gas company focused on developing and operating a network of supply hubs for the production, storage and distribution of ultrahigh-purity 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, the OTC Markets and the Frankfurt Stock Exchange.

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