CHAR Tech Appoints Infrastructure & Capital Markets Veteran Kevin Melnyk as CFO and Reminds Shareholders of Upcoming AGM

TORONTO, ON / ACCESS Newswire / May 4, 2026 / CHAR Technologies Ltd. ("CHAR Tech" or the "Company")(TSXV:YES)(OTC:CTRNF)(FSE:68K), a leader in sustainable biomass energy solutions, is pleased to announce the appointment of Kevin Melnyk as the Company's new Chief Financial Officer (CFO), effective May 4, 2026.

Kevin is an accomplished financial executive with deep expertise in M&A, capital structuring, and renewable energy infrastructure finance, known for driving growth and transformation. He brings extensive senior leadership experience from Clearlight Energy, Algonquin Power & Utilities Corp., and PRIVEQ Capital Funds, and holds CFA and CPA,CA designations alongside a Bachelor of Commerce (Honours) from the University of Manitoba.

"We are thrilled to welcome Kevin to the CHAR Tech team at such a defining moment in our Company's growth," said Andrew White, CEO of CHAR Tech. "Kevin's deep experience structuring capital across renewable energy and infrastructure projects, combined with his track record in M&A and debt and equity markets, makes him exceptionally well-suited to help us execute on our pipeline and scale the business."

Outgoing CFO Raquel Insa has been an integral part of CHAR Tech's growth, contributing significantly to the Company's financial leadership during a critical period of development. During her tenure, Raquel played a key role in advancing the Company's project pipeline and strengthening its financial foundation as CHAR Tech moved from development stage toward commercial operations.

"We extend our sincere gratitude to Raquel for her dedication and many contributions to CHAR Tech," said Andrew White. "She has been a trusted member of our leadership team and leaves the Company in a strong position. We wish her every success in her future endeavours."

Annual General Meeting Reminder - May 7, 2026

CHAR Tech also reminds shareholders that its Annual General Meeting (AGM) will be held at 9:30AM EST on Thursday, May 7, 2026, at the Sears Atrium, Toronto Metropolitan University, 245 Church Street, Toronto, Ontario, door open at 8:30AM EST.

We're also pleased to announce our guest speakers for this year's AGM:

Paul Veldman, CEO, The BMI Group - Paul will introduce the BMI Group, discuss their business model of acquiring legacy pulp and paper facilities, and how those facilities align with CHAR Tech's expansion plans.

Anderson Morelato, Head of Decarbonization of ArcelorMittal - Anderson will review ArcelorMittal's efforts in decarbonization of their steel production, with a view to their needs for biocarbon.

The AGM will include a year-in-review, strategic outlook from management and a live Q&A session. We look forward to connecting with our shareholder community.

Attending In Person? If you have not yet registered, RSVP for in person attendance using this link.

Joining Virtually? A live webcast will be available for those unable to attend in person. RSVP for virtual attendance using this link.

About CHAR Technologies Ltd.

CHAR Tech (TSXV:YES; OTC:CTRNF; FSE:68K) is a Canadian clean-technology company developing first-in-kind high-temperature pyrolysis ("HTP") systems that process unmerchantable wood and organic waste to generate two renewable energy revenue streams, renewable natural gas or green hydrogen, and a solid biocarbon that serves as a carbon-neutral, drop-in replacement for metallurgical coal.

CHAR Tech's HTP platform is also advancing a new vertical focused on the permanent destruction of PFAS in wastewater biosolids. Operating at temperatures sufficient to break down long-chain fluorinated compounds, the system enables municipalities and industrial operators to eliminate PFAS while converting biosolids into energy and low-carbon solid products.

For further information, please contact:

Website: www.chartechnologies.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the accuracy of this news release.

Forward-Looking Statements

Statements contained in this press release contain "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements") about CHAR and its business and operations. The words "may", "would", "will", "intend", "anticipate", "expect" and similar expressions as they relate to CHAR Tech, are intended to identify forward-looking information. Forward-looking statements include, but are not limited to, statements relating to the timing for full facility construction, securing project financing, expectations regarding the offtake agreements, future plans, operations and activities, expectations regarding the scale up of production, and other statements that are not historical facts. Such statements reflect CHAR Tech's current views and ‎intentions with respect to future events, and current information available to CHAR Tech, and are subject to ‎certain risks, uncertainties and assumptions, including, among others, those risk factors discussed or referred to in CHAR Tech's disclosure documents filed with the securities regulatory authorities in certain provinces of Canada, including the Management Discussion & Analysis dated January 27^th, 2026 for the fiscal year ended September 30, 2025, and available under CHAR Tech's profile on www.sedarplus.ca. Any such forward-looking information is expressly qualified in its ‎entirety by this cautionary statement. Moreover, CHAR Tech does not assume responsibility for the accuracy or ‎completeness of such forward-looking information. The forward-looking information included in this press release ‎is made as of the date of this press release and CHAR Tech undertakes no obligation to publicly update or revise ‎any forward-looking information, other than as required by applicable law.

SOURCE: CHAR Technologies Ltd.