CHARBONE Advances Strategic Expansion in Malaysia and Confirms Intent to Participate and Operate in Green Hydrogen ASIAPAC

Brossard, Quebec, April 21, 2026 – CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a North American producer and distributor specializing in clean Ultra High Purity (“UHP”) hydrogen and strategic industrial gases, today announced a positive strategic update following its recent executive mission to Malaysia.

The mission was led by Dave B. Gagnon, Chairman and Chief Executive Officer, alongside Patrick Cuddihy, Senior Vice President, and builds on the previously announced framework agreement dated June 25, 2025 with Green Hydrogen ASIAPAC SDN BHD.

Following a series of high-level meetings with Malaysian stakeholders, government representatives, and industrial partners, CHARBONE confirms:

aligned intent between all parties to advance the Malaysian green hydrogen UHP project;
CHARBONE’s interest in taking an equity participation in Green Hydrogen ASIAPAC SDN BHD;
CHARBONE’s intention to play an active operational role in the development and execution of the project.

This milestone reinforces CHARBONE’s strategy to expand beyond North America and establish a disciplined, scalable presence in the Asia-Pacific market, one of the fastest-growing regions for clean hydrogen and specialty gases.

Strengthening Canada–Malaysia Industrial Collaboration

CHARBONE expresses its sincere appreciation to Malaysian authorities and partners for the quality of engagement and strong institutional support throughout the mission.

The Company would like to specifically acknowledge the Malaysian Industry-Government Group for High Technology (MIGHT) for its leadership in:

facilitating strategic dialogue;
supporting cross-border industrial collaboration;
enabling meaningful engagement between Canadian and Malaysian stakeholders.

Malaysia continues to demonstrate a compelling platform for clean energy deployment, supported by national decarbonization initiatives, industrial demand growth, and a strategic geographic position within Asia-Pacific.

Executing CHARBONE’s Global Industrial Gas Platform Strategy

CHARBONE’s expansion into Malaysia aligns with its broader strategy to build a globally integrated industrial gas platform, anchored in:

ultra-high purity hydrogen (UHP H₂);
strategic specialty gases;
disciplined project execution through modular, decentralized production models.

The Company intends to replicate its North American approach in Asia-Pacific, targeting high-growth sectors including:

semiconductors and advanced electronics;
artificial intelligence and data centers;
pharmaceuticals and biotechnology;
defense and aerospace.

“Our mission in Malaysia confirms that CHARBONE’s international strategy is gaining real traction. AsiaPacific represents a critical growth pillar alongside North America, and we are seeing strong alignment with partners who recognize the value of our modular, execution-focused approach,” said Dave Gagnon, CHARBONE’s Chief Executive Officer and Chairman of the Board. “We are particularly encouraged by the opportunity to deepen our involvement with Green Hydrogen ASIAPAC, not only as a technical partner, but as an investor and operator. We thank MIGHT, Malaysian authorities, and our partners for their trust and commitment as we move forward together.”

CHARBONE is currently working with all parties involved to update the continuity and implementation of the current agreement previously signed with the Malaysian group and looks forward to providing our shareholders with more detailed information on the project and development scope.

Momentum Public Relations Inc. Appointment

CHARBONE has retained the services of Momentum Public Relations Inc. (“Momentum”) for services related to its investor and media relations strategies. These services will be primarily provided by Mr. Maxence Gagné-Godbout, who acts at arm’s length from the Company. Under the agreement, Momentum will receive fees of $10,000 per month. The six-month agreement is valid until May 15, 2026. No other compensation is payable under this engagement. The agreement is subject to regulatory approval.

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), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47).

Forward-Looking Statements

This press release contains statements that constitute “forward-looking information” within the meaning of 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 reflect the respective expectations, estimates or projections of Charbone’s management regarding future results or events, based on opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations expressed 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 differ materially from those expressed in the forward-looking statements. Risks and uncertainties related to Charbone’s activities may affect forward-looking statements. These risks, uncertainties and assumptions include, without limitation, those described under “Risk Factors” in the Company’s management discussion and analysis for the period ended September 30, 2025, which can be accessed on SEDAR+ at www.sedarplus.ca; they could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Unless required by applicable securities laws, Charbone does not undertake to update or revise the forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.