Mr. Kelly Abbott reports

GLOBAL TACTICAL METALS CORP. ANNOUNCES SHARES FOR DEBT SETTLEMENT AND DIRECTOR RESIGNATION

Global Tactical Metals Corp. has entered into a debt settlement agreement dated Oct. 14, 2026, with 1510906 B.C. Ltd. (the creditor), a company controlled by Kelly Abbott, the company's chief executive officer.

Under the agreement, the company will issue 2.5 million common shares at a deemed price of five cents per share to settle $125,000 of the $132,300 (including goods and services tax) owed to the creditor for management and consulting services. Settling the debt in shares allows the company to preserve its cash for working capital.

The debt shares are being issued under the prospectus exemption in Section 2.14 of National Instrument 45-106 and will be subject to a hold period of four months and one day from the date of issuance under applicable securities laws. The debt shares will also be subject to a four-month hold period under Canadian Securities Exchange policies.

Related party transaction

The issuance of the debt shares to the creditor is a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, because the creditor is controlled by a senior officer of the company. The company is relying on the exemptions from the formal valuation and minority shareholder approval requirements in sections 5.5(b) and 5.7(1)(a) of MI 61-101. No securities of the company are listed on the markets specified in MI 61-101, and neither the fair market value of the debt shares nor the fair market value of the consideration for them exceeds 25 per cent of the company's market capitalization. The company did not file a material change report more than 21 days before the expected closing because the terms of the settlement were settled shortly before this announcement and the company wishes to reduce its liabilities without delay.

Ownership

Before closing, Mr. Abbott and the creditor own or control no common shares of the company. After closing, the creditor will own 2.5 million common shares, about 19.98 per cent of the 12,510,774 common shares then issued and outstanding. The settlement will not create a new control person (as defined in CSE policies). The creditor will file an early warning report under NI 62-103 on closing, which will be available on SEDAR+ under the company's profile.

Director resignation

The company also announces that Erin Wilson has resigned as a director of the company. The board of directors thanks Ms. Wilson for the contributions made to the company and wishes her well in future endeavours.

About Global Tactical Metals Corp.

Global Tactical Metals is a mineral exploration company. It holds the St. Anthony nickel property in Newfoundland, the Darling township antimony claims in Southeastern Ontario, and, through its subsidiary Critical Defense Metals Inc., the Firstbrook and Fox River properties in Northern Ontario.

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