CHAR Appoints Chief Operating Officer

TORONTO, Feb. 07, 2023 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. ("CHAR" or the "Company") (TSX Venture Exchange: YES) is pleased to announce that Robert Sinyard has been appointed Chief Operating Officer of the Company, effective February 7^th, 2023. In his new role, Sinyard will oversee corporate operations and sales, and will take responsibility for spearheading profitable growth and business objectives for the Company.

His unique strategic and tactical experience in the energy, materials testing and hardware sectors, coupled with his experience in both large organizations and start-ups operating in the B2B space make him an ideal candidate to lead the execution of CHAR's go-to-market strategies, cultivate strategic partnerships, build operational infrastructure, and propel CHAR to the next level.

"We are thrilled to welcome Rob into this leadership role at CHAR," said Andrew White, Chief Executive Officer. "He has clearly demonstrated leadership and success in executing strategies that are key to the success of our offerings and expanding projects. We look forward to Rob's contribution to continue to accelerate our vision to decarbonize for a circular economy."

Sinyard holds a Master of Business Administration from the Rotman School of Management at the University of Toronto.

About CHAR Technologies Ltd.

CHAR Technologies Ltd. (TSXV: YES) first-in-kind high temperature pyrolysis (HTP) technology processes unmerchantable wood and organic wastes to simultaneously generate two renewable energy revenue streams, renewable natural gas (RNG) or green hydrogen and a solid biocoal that is a carbon neutral drop-in replacement for metallurgical steel making coal.

CHAR's HTP is an ideal waste to energy solution that aligns with the global green energy transition by diverting waste from landfills and generating sustainable clean energy to decarbonize heavy industry.

For further information, please contact:

Website: www.chartechnologies.com

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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, are intended to identify forward-looking information. Such statements reflect CHAR's current views and ?intentions with respect to future events, and current information available to CHAR, and are subject to ?certain risks, uncertainties and assumptions, including those risk factors discussed or referred to in CHAR's disclosure documents filed with the securities regulatory authorities in certain provinces of Canada, including the Management's Discussion & Analysis dated January 31, 2023, and available under CHAR's profile on www.sedar.com. Any such forward-looking information is expressly qualified in its ?entirety by this cautionary statement. Moreover, CHAR 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 undertakes no obligation to publicly update or revise ?any forward-looking information, other than as required by applicable law.?