Charbone Announces Investor Relations Appointment

CHARBONE HYDROGEN Corporation (TSXV:CH) (“

Charbone

”) is pleased to announce that it has entered into an advisory services agreement (the “

Consulting Agreement

”) with Oak Hill Financial Inc. (“

Oak Hill

”) to support Charbone’s investor relations activities.

Charbone has entered into the Consulting Agreement dated September 1, 2022, with a first term of a three-month period, from September 2022 to November 2022. The Consulting Agreement will be automatically renewed for one-month periods unless a written notice is provided by Charbone or Oak Hill within five (5) business days of a monthly renewal. Pursuant to the Consulting Agreement, Oak Hill will provide investor relations services to Charbone with a focus on providing turn-key solution for investor relations, marketing in the investment community, targeting advisor channels of distribution and identifying existing and new investors. Oak Hill will receive $10,000 per month plus its expenses pre-approved by Charbone, as the case may be, during the term of the Consulting Agreement.

Oak Hill does not have any interest, directly or indirectly, in Charbone or its securities, or any right or intent to acquire such an interest. The Consulting Agreement remains subject to regulatory acceptance of applicable filings with the TSX Venture Exchange (“TSXV”).

About Oak Hill Financial

Oak Hill Financial is a leading Canadian marketing and distribution firm, focused on IIROC retail brokerage networks, servicing both asset managers and public companies. Oak Hill Financial’s experienced team of former asset management wholesalers, research analysts and capital market professionals specialize in building credibility for their clients to a network of over 10,000 Canadian IIROC retail brokers and over 300 North American funds.

About Charbone

Charbone is a Canadian green hydrogen company established in North America. The company’s strategy consists of developing modular and expandable hydrogen facilities. Through the acquisition of hydropower plants in the United States and in Canada, Charbone intends to produce green dihydrogen molecules using reliable and sustainable energy to distinguish itself as a supplier of an environmentally friendly solution for industrial and commercial companies.

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. Specifically, this news release includes forward-looking statements regarding the approval of the TSXV of the Consulting Agreement, other statements regarding future product developments, and markets, including with respect to specific indications, and any other statements which are other than statements of historical fact and the expected timing of such events. The forward-looking statements reflect Charbone's respective 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.

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.

Contacts

Dave B. Gagnon		Benoit Veilleux
Chief Executive Officer and Chairperson of the Board		Chief Financial Officer
CHARBONE Hydrogen Corporation		CHARBONE Hydrogen Corporation
Telephone: [phone]		Telephone: [phone]
Email: [e-mail]		Email: [e-mail]