File: Attachment 261020 News Release - Shares for Debt - MONI.pdf

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

Toronto, Ontario, October 20, 2026. Global Tactical Metals Corp. (CSE: MONI) (the "Company") announces that it has entered into a debt settlement agreement dated October 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 2,500,000 common shares (the "Debt Shares") at a deemed price of $0.05 per share to settle $125,000 of the $132,300 (including GST) 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 CSE 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 ("MI 61-101"), 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% 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 2,500,000 common shares, about 19.98% 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 National Instrument 62-103 on closing, which will be available on SEDAR+ at www.sedarplus.ca 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 Erin Wilson for the contributions made to the Company and wishes Erin well in future endeavours.

About Global Tactical Metals Corp.

Global Tactical Metals Corp. 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.

On Behalf of the Board of Directors Kelly Abbott, CEO Global Tactical Metals Corp. Investor Relations: Charles Wentworth, Charles@capitalizeonit.com, 1-877-892-7633

Forward-Looking Statements

This news release contains forward-looking statements, including statements about the closing of the debt settlement, its expected timing, and the filing of an early warning report. Forward-looking statements are based on assumptions that management believes are reasonable, including that the conditions to closing will be satisfied. They are subject to risks and uncertainties that could cause actual results to differ materially, including that the CSE may object to the issuance or that closing may be delayed. The Company does not undertake to update forward-looking statements except as required by law.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws.

The CSE has not reviewed, approved or disapproved the contents of this news release.