File: Attachment 261030 News Release - Closing of Shares for Debt - MONI.pdf

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GLOBAL TACTICAL METALS CORP. CLOSES SHARES FOR DEBT SETTLEMENT

Toronto, Ontario, October 30, 2026. Global Tactical Metals Corp. (CSE: MONI) (the "Company") announces that it has closed the debt settlement previously announced on October 20, 2026 with 1510906 B.C. Ltd. (the "Creditor"), a company controlled by Kelly Abbott, the Company's Chief Executive Officer.

On October 30, 2026, the Company issued 2,500,000 common shares (the "Debt Shares") to the Creditor at a deemed price of $0.05 per share in settlement of $125,000 of indebtedness owed to the Creditor for management and consulting services, under a debt settlement agreement dated October 14, 2026. Following the issuance, the Company has 12,510,774 common shares issued and outstanding.

The Debt Shares were issued under the prospectus exemption in section 2.14 of National Instrument 45-106. Under applicable securities laws, the Debt Shares may not be traded before March 1, 2027. The Debt Shares are also subject to a four-month hold period under CSE policies expiring on February 28, 2027.

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 relied 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 closing because the terms of the settlement were settled shortly before the announcement and the Company wished to reduce its liabilities without delay.

Early warning disclosure

On October 30, 2026, the Creditor, of 3606-833 Seymour St, Vancouver, British Columbia, V6B 0G4, acquired ownership of 2,500,000 common shares of the Company from treasury in settlement of $125,000 of indebtedness, representing a deemed price of $0.05 per share. Kelly Abbott controls the Creditor and is its joint actor.

Immediately before the acquisition, the Creditor and Mr. Abbott did not own, or have control or direction over, any common shares of the Company. Immediately after the acquisition, the Creditor owns, and Mr. Abbott has control or direction over through the Creditor, 2,500,000 common shares, representing about 19.98% of the 12,510,774 issued and outstanding common shares on an undiluted basis. Neither the Creditor nor Mr. Abbott holds any convertible securities of the Company.

The Creditor acquired the common shares in settlement of debt owed to it by the Company, and holds them for investment purposes. Depending on market conditions and other factors, the Creditor and Mr. Abbott may acquire additional securities of the Company or dispose of some or all of their securities, in each case in accordance with applicable securities laws.

An early warning report will be filed under National Instrument 62-103 and will be available on SEDAR+ at www.sedarplus.ca under the Company's profile. A copy of the report may also be obtained from Kelly Abbott at (778) 237-5212. 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 filing of an early warning report and the future intentions of the Creditor and Mr. Abbott. Forward-looking statements are based on assumptions that management believes are reasonable. They are subject to risks and uncertainties that could cause actual results to differ materially. 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.