File: '\\swfile\EmailIn\20261030 125029 Attachment Must - 2026-10-30 SFD - News Release.docx'

Must Capital Announces

Shares for Debt Settlement

October 30, 2026 - MUST CAPITAL INC. (TSXV:MUST.H) (the "Company" or "Must") announces that the Company has agreed with certain creditors to, settle an aggregate of $128,916.40 in liabilities through the issue of up to 2,578,328 common shares at a deemed price of $0.05 per share (the "Debt Settlement").

To the extent that insider participation in the Debt Settlement is a "related party transaction" within the meaning of MI 61-101, the Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements contained in sections 5.5(b) and (g), and sections 5.7(e), respectively, of MI 61-101.

The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act), except pursuant to an exemption from the registration requirements of those laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the 1933 Act).

The Debt Settlement remain subject to the receipt of the TSX Venture Exchange approvals as the case maybe. All securities issued in connection with the Debt Settlement will be subject to a statutory hold period expiring four months and one day after the date of issuance.

For further information, please contact:

Mike Marrandino, Chief Executive Officer

E-mail: mike@pacwest.ca

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements Caution

The press release contains "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements can be identified by words such as: "anticipates", "intends", "plans", "budgets", "believes", "projects", "estimates", "expects", "schedules", "forecasts", "strategies", "future", "likely", "may", "could", "should", "would", "will" and similar references to future periods, circumstances or events, as well as other terms used in the future and conditional tense. These forward-looking statements are based on certain assumptions as of the date they are provided. However, there can be no assurance that such assumptions will prove to be correct. Additionally, there are known and unknown risk factors that could cause the Company's actual results and financial conditions to differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important risk factors that could cause actual results and financial conditions to differ materially from those indicated in the forward-looking statements, include among others: general economic, market and business conditions in Canada and globally; market volatility; unforeseen delays in timelines for any of the transactions or events described in this press release; and the risk of regulatory changes that may impact the business of the Company. All forward-looking information is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking statement or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.