Company to host Q3 2026 results webinar on December 1, 2026

Varennes, Quebec, October 28, 2026 – TheNewswire - CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, today announced that preliminary gas income for the three-month period ending September 30, 2026 is expected to increase 21% to $0.55 million from gas income of $0.46 million for the prior three-month period ending 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 September 30, 2026, on Thursday, November 26, 2026, after markets close at the latest. CHARBONE will also host a webinar on Tuesday, December 1, 2026 at 11:00 AM 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 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% to $0.55 million in Q3 2026, compared to $0.46 million in Q2 2026 

• For the nine-month period ending September 30, 2026, gas income is expected to total $1.2 million, compared to $nil for the same period in 2025. 

• Operating expenses in Q3 2026 are expected to remain comparable to 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 September 30, 2026, compared to Q1 2026):

• Active customers: 28, up from 3 

• Trailers (all gases): 11, up from 2 

• Multi-year supply agreements: 4, up from 2 

• Customer deliveries: approximately 12 per month, up from approximately 2 

• Regional supply hubs: 4 (Quebec, Ontario, Nova Scotia and New York State), up from 2 

• Employees: 15, up from 9 

OPERATIONAL HIGHLIGHTS:

• Sorel-Tracy, Phase 1A: UHP hydrogen production operational capacity 24/7, with on-site quality control chromatographs operational and a dedicated lab technician hired. Moisture is consistently maintained below 2 ppm. 

• Sorel-Tracy, Phase 1B: Electrolyzer installation is underway, 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 Lévis, Quebec, 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. 

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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 on SEDAR+.

CHARBONE to Host Third Quarter Results Webinar

CHARBONE invites all investors and other interested parties to register for the webinar at the link below. Management will be presenting an overview of its Q3 2026 results, recent operational achievements, and upcoming milestones. There will be an allotted time for Q&A. You may submit your question(s) beforehand in the registration form or live on the webinar platform.

Date: Tuesday, December 1, 2026

Time: 11:00am ET

Register: https://info.rbmilestone.com/charbone-q3-2026

About CHARBONE CORPORATION

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 Ultra-High Purity (UHP) strategic industrial gases. The Company serves customers across sectors including semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense 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 towards localized clean energy. CHARBONE is listed 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

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.

Forward-looking statements in this news release include, without limitation, statements relating to: continued strength and momentum of the Company; the Company reporting revenue in line with the expectations outlined herein; the date and time of the release of the Company's third quarter ended September 30, 2026, results and the related webinar to discuss the results thereof.

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.sedarplus.ca; 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.

Financial Outlook

This press release contains a financial outlook within the meaning of applicable Canadian securities laws. The financial outlook has been prepared by management of the Company to provide an outlook for the Company's forecasted revenue for the three and nine-month periods ending September 30, 2026, and may not be appropriate for any other purpose. The financial outlook has been prepared based on a number of assumptions including the assumptions discussed under the heading "Forward-Looking Statements" herein. The actual results of the Company's operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. The Company and its management believe that the financial outlook has been prepared on a reasonable basis. However, because this information is highly subjective and subject to numerous risks, including the risks discussed under the heading "Forward-Looking Statements" herein, it should not be relied on as necessarily indicative of future results.

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.

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