Mr. Nino Di Teodoro reports

PELICAN AI CORP. RECEIVES FINAL CSE APPROVAL AND ANNOUNCES COMMENCEMENT OF TRADING UNDER SYMBOL ''PEL''

The Canadian Securities Exchange (the CSE) has granted final approval for the listing of Pelican AI Corp.'s common shares, and the common shares are expected to commence trading on the CSE at market open on Sept. 1, 2026, under the symbol PEL.

The listing follows completion, on Aug. 27, 2026, of the company's previously announced reverse takeover transaction with Pelican Canada Inc. The transaction was completed by way of a three-cornered amalgamation under the Business Corporations Act (Ontario), following which the amalgamated corporation became a wholly owned subsidiary of the company. For further details, please see the company's news release dated Aug. 27, 2026.

The company also announces that it has engaged Independent Trading Group (ITG) Inc. to provide market-making services in respect of the common shares, in accordance with the policies of the CSE. The engagement is effective Sept. 1, 2026, and is for an initial term of one month, automatically renewing for additional one-month terms unless terminated. The agreement may be terminated by either party on 30 days of notice. There are no performance factors contained in the agreement, and ITG will not receive shares or options as compensation. ITG and the company are unrelated and unaffiliated entities and, at the time of the agreement, neither ITG nor its principals has an interest, directly or indirectly, in the securities of the company.

ITG, as the company's market maker, aims to ensure a fair and efficient market for the common shares, adhering to CSE policies. This involves buying and selling the common shares on the CSE and other alternative Canadian trading venues. In exchange for these services, ITG will receive a monthly fee of $5,000 from Pelican, plus applicable taxes. ITG's office address is 33 Yonge St., suite 420, Toronto, Ont., Canada, M5E 1G4, and its principal contact is Chris Kaplan (chriskaplan@itg84.com).

About Pelican AI Corp.

The Pelican Group specializes in artificial-intelligence-driven solutions for payment processing and financial crime compliance. With over 25 years of experience, the Pelican Group leverages artificial intelligence, machine learning and natural language processing to support banks, fintech companies, and corporations in managing payments and ensuring regulatory compliance. Operating in over 55 countries, the Pelican Group has processed more than one billion transactions across various payment types and global banking standards.

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