Mr. Benoit Veilleux reports

CHARBONE ANNOUNCES PRELIMINARY Q3 2026 REVENUE GROWTH

Charbone Corp.'s preliminary gas income for the three-month period ended Sept. 30, 2026 is expected to increase 21 per cent to $550,000 from gas income of $460,000 for the prior three-month period ended June 30, 2026. Gas income relates to revenues across Charbone's hydrogen production and regional supply hubs for all industrial gases. The company anticipates releasing full financial and operational results for the third quarter ending Sept. 30, 2026, on Thursday, Nov. 26, 2026, after markets close at the latest. Charbone will also host a webinar on Tuesday, Dec. 1, 2026, at 11 a.m. ET. Registration details are provided below.

In Q3 2026, Charbone anticipates sales growth across multiple industrial gases in both the U.S. and Canadian markets, including clean UHP (ultrahig-purity) hydrogen produced at the company's Sorel-Tracy phase 1A plant, as well as UHP helium and UHP oxygen sourced through partners. Demand remained strong throughout Q3 2026 and is expected to result in increased recurring revenues and new customers. Charbone continues to expand its industrial gas platform, including distribution equipment, to support growing demand and expected future sales growth from new and existing customers.

Preliminary Q3 2026 gas income highlights:

• Gas income is expected to increase 21 per cent to $550,000 in Q3 2026, compared with $460,000 in Q2 2026.
• For the nine-month period ended Sept. 30, 2026, gas income is expected to total $1.2-million, compared with nil for the same period in 2025.
• Operating expenses in Q3 2026 are expected to remain comparable with Q2 2026 as the company continues to internalize key steps, including cylinder filling at Sorel-Tracy, which are expected to support margin improvement.

Corporate growth metrics (as of Sept. 30, 2026, compared with Q1 2026):

• Active customers: 28, up from three;
• Trailers (all gases): 11, up from two;
• Multiyear supply agreements: four, up from two;
• Customer deliveries: approximately 12 per month, up from approximately two;
• Regional supply hubs: four (Quebec, Ontario, Nova Scotia and New York State), up from two;
• Employees: 15, up from nine.

Operational highlights:

• Sorel-Tracy, phase 1A: UHP hydrogen production operational capacity 24 hours a day/seven days a week, with on-site quality control chromatographs operational and a dedicated lab technician hired; moisture is consistently maintained below two parts per million;
• Sorel-Tracy, phase 1B: electrolyzer installation is under way, civil work is complete, and equipment connections are advancing; phase 1B remains on track for a fall 2026 launch;
• Wolf River, Wisconsin: The generator is being repaired in Levis, Que., with reinstallation targeted for December, 2026; a reservoir refill plan has been submitted to the U.S. Federal Energy Regulatory Commission (FERC) and stakeholders;
• Hydrogen and helium cylinder filling unit: cylinder filling has been brought in-house at Sorel-Tracy, supporting margin improvement and enhanced control over product quality and delivery timelines; construction of the unit's dedicated building is advancing.

"We have delivered the strongest quarter to date with an incredible team, which underscores our unwavering focus on long-term value creation and growth," said Benoit Veilleux, chief financial officer and corporate secretary of Charbone.

The above table shows the preliminary unaudited gas and other income for the periods noted. These figures are preliminary and unaudited, and actual revenues may differ. The final revenues may be subject to change and will be supplemented by the filing of interim financial statements and MD&A (management discussion and analysis) on SEDAR+.

Charbone to host third quarter results webinar

Charbone invites all investors and other interested parties to register on-line for the webinar. Management will be presenting an overview of its Q3 2026 results, recent operational achievements and coming milestones. There will be an allotted time for questions and answers. You may submit your question(s) beforehand in the registration form or live on the webinar platform.

Date:  Tuesday, Dec. 1, 2026

Time:  11 a.m. ET

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 plants 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 other high-demand gases that are often difficult to source reliably at the regional level. 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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