CHARBONE Corporation and the City of Selkirk Partner on Supply of Green Hydrogen - Seite 2

“We are pleased that Charbone Corporation has decided on the City of Selkirk as the potential location for its first Western Canadian venture,” said Tim Feduniw, Director of Sustainable Economic Development for the City of Selkirk. “This is great news as it literally fuels our vision for growth by creating prosperity in harmony with the environment.”

“This is an exciting project for Manitoba and Manitoba’s trucking industry.  Our members are eager to participate pro-actively in the decarbonization of our sector. Charbone is bringing options and solutions to Manitoba in an effort to start changing our economy”, said Aaron Dolyniuk Acting Executive Director of the Manitoba Trucking Association.

For more information on Orletto’s proposed qualifying transaction with Charbone (the “Qualifying Transaction”), see press release dated October 22, 2021.

About Charbone

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

About the City of Selkirk

The City of Selkirk is a small city with big city attitude nestled along the banks of the Red River just 20 kilometers North of Winnipeg, in Manitoba, Canada.

About Orletto

Orletto is a capital pool company pursuant to the Exchange’s Policy 2.4. Except as specifically contemplated in such policy, until the completion of its Qualifying Transaction, Orletto will not carry on business, other than identification and evaluation of companies, businesses or assets with a view to completing a Qualifying Transaction. Investors are cautioned that trading in the securities of a capital pool company is considered highly speculative.

Cautionary Note

Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange requirements, majority of the minority shareholder approval. Where applicable, the Qualifying Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.