Charbone Announces Annual General and Extraordinary Meeting of Shareholders' Results and Grants Equity Awards

(TheNewswire)

Varennes, Quebec, June 23, 2026 TheNewswire - Charbone CORPORATION (TSXV: CH,OTC:CHHYF; 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, is pleased to announce that it held its Annual General and Extraordinary Meeting of Shareholders (the "Meeting") on June 18, 2026 and that the Company's shareholders approved all proposed resolutions:

• to elect the directors of the Company, namely, Dave B. Gagnon, Denis Crevier, Frédéric Lecoq, François Vitez, André 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; and 

• 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 (Options"), restricted share units ("RSUs"), performance share units ("PSUs"), and deferred share units ("DSUs") (collectively, the "Awards") 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 Dave Gagnon, Chairman & 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 $0.15 and expiring after 2 years. The Options vest immediately. 

• DSUs: a total of 2,960,000 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 3,500,000 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 3 years after grant date. 

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 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 towards localized clean energy. Charbone is listed on the TSX Venture Exchange (TSXV: CH,OTC:CHHYF), 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. 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.

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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