Charbone Hydrogen Announces Updates on Units for Debts

(TheNewswire)

Brossard, Quebec, July 18, 2025 –TheNewswire – CHARBONE HYDROGEN
CORPORATION (TSXV: CH; OTCQB: CHHYF;FSE: K47) (the “Company” or “CHARBONE”),North America’s only publicly traded pure-play company focused ongreen hydrogen production and distribution, is announcing regardingthe previously announced, on June 3, 2025, closing of Units for debtsettlements that, following discussions with the TSX Venture Exchange,the Company had to revise the total amount and number of units to beissued. 

The Company has settled with certain arm’s-lengthsuppliers a total of $1,273,702, payable through the issuance ofunits. A total of 16,982,689 units will be issued upon closing, at aconversion price of $0.075 per unit. Any debt settlement will bedocumented in a formal agreement and is subject to final approval bythe TSX Venture Exchange.

About Charbone HydrogenCorporation

CHARBONE is an integrated company specialized in Ultra
High Purity (UHP) hydrogen and the strategic distribution of
industrial gases in North America and the Asia-Pacific region. It is
developing a modular network of green hydrogen production while
partnering with industry players to supply helium and other specialty
gases without the need to build costly new plants. This disciplined
strategy diversifies revenue streams, reduces risks, and increases
flexibility. The CHARBONE group is publicly listed in North America
and Europe on the TSX Venture Exchange CH, the OTC Markets
(OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more
information, visit www.charbone.com.

Forward-Looking Statements

This news release containsstatements that are “forward-looking information” as defined underCanadian securities laws (“forward-looking statements”). Theseforward-looking statements are often identified by words such as“intends”, “anticipates”, “expects”, “believes”,“plans”, “likely”, or similar words. The forward-lookingstatements reflect management's expectations, estimates, orprojections concerning future results or events, based on theopinions, assumptions and estimates considered reasonable bymanagement at the date the statements are made. Although Charbonebelieves that the expectations reflected in the forward-lookingstatements are reasonable, forward-looking statements involve risksand uncertainties, and undue reliance should not be placed onforward-looking statements, as unknown or unpredictable factors couldcause actual results to be materially different from those reflectedin the forward-looking statements. The forward-looking statements maybe affected by risks and uncertainties in the business of Charbone.These risks, uncertainties and assumptions include, but are notlimited to, those described under “Risk Factors” in theCorporation’s Filing Statement dated March 31, 2022, which isavailable on SEDAR at www.sedar.com; they could cause actual events orresults to differ materially from those projected in anyforward-looking statements.

Except as required under applicablesecurities legislation, Charbone undertakes no obligation to publiclyupdate or revise forward-looking information.

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.

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