Mr. Nino Di Teodoro reports

PELICAN AI ANNOUNCES FRANKFURT STOCK EXCHANGE LISTING, EXPANDING EUROPEAN INVESTOR REACH

Pelican AI Corp.'s common shares are trading on the Frankfurt Stock Exchange under the symbol E6V, WKN: A42LW1 and ISIN: CA7059171024, marking an important milestone in the company's strategy to expand its international investor base and enhance its visibility across global capital markets.

The Frankfurt listing provides Pelican AI with access to one of Europe's largest and most active financial markets, creating opportunities to increase exposure among institutional and retail investors throughout Germany and the broader European investment community.

The Frankfurt listing represents another step in Pelican AI's broader capital market strategy, providing an additional trading venue for European investors while supporting the company's efforts to expand international market awareness.

Nino Di Teodoro, chief executive officer of Pelican AI, commented: "Our Frankfurt listing represents an important milestone in Pelican AI's growth strategy. Establishing a trading presence in Frankfurt allows us to introduce Pelican AI to a much broader European investment audience, strengthen our global shareholder base and support our long-term vision of building a recognized company."

The company's Frankfurt listing, combined with the recently announced upgrade for one of Germany's largest banks, further heightens Pelican's presence in Germany.

Sanctions screening upgrade for one of Germany's largest banks

The company recently completed a major upgrade to its Pelican sanctions screening platform for one of Germany's largest banks, a customer of more than 20 years.

The bank continued to invest in Pelican's technology after more than two decades as a customer. For Pelican, the upgrade increases the value of one of its longest-standing customer relationships.

The upgrade went live across the bank's European and North American operations in two phases, with no disruption to day-to-day operations. It gives the bank's users a more intuitive interface and improved usability, and it retires legacy hardware and software in favour of a current technology foundation.

Pelican and the bank continue to work together on innovation as the platform evolves to meet the bank's needs. Increasing the value of existing customer relationships is an important part of the company's growth strategy.

"When a bank has trusted you for more than 20 years and continues to invest in your technology, that says a lot about the platform," said Mr. Di Teodoro, chief executive officer of Pelican AI. "Growing the value of long-standing relationships like this one is a core part of our growth strategy, and this upgrade reflects the opportunity to keep growing value within our installed base."

The company also announces that it has entered into an agreement with Machai Capital Inc. dated Oct. 19, 2026, pursuant to which Machai will lead the company's marketing, advertising and public awareness activities and deploy a comprehensive digital media marketing program including multiplatform digital campaigns, social media amplification and targeted investor communications.

Machai will provide digital marketing services with branding, content and data optimization to assist the company to create in-depth marketing campaigns, tracking, organizing and executing the services through search engine optimization, search engine marketing, lead generation, digital marketing, social media marketing, e-mail marketing, and brand marketing. The services will be conducted in accordance with the applicable policies of the Canadian Securities Exchange.

Machai has been engaged by the company under the agreement for a three-month period commencing Nov. 13, 2026. In consideration for the services provided, the company will pay Machai $320,000 plus GST out of its general working capital account.

Machai will not engage any subcontractors or third party publishers or influencers in connection with the services. No securities, options or other compensation based on market performance will be paid or issued to Machai in connection with the services.

The company's CSE Form 2A (Listing Statement) dated Aug. 14, 2026, did not contemplate the engagement of a promotional or investor relations service provider. The company intends to finance the Machai engagement fee of $320,000 (plus GST) from the unallocated working capital disclosed in the listing statement, projected at approximately $1,211,226 (U.S.) as at June 30, 2027.

As of the date of this news release, Machai holds 456,000 common shares of the company, and its principal, Suneal Sandhu, personally holds 344,000 common shares of the company, for a combined total of 800,000 common shares.

Machai and Mr. Sandhu have no relationship with the company other than as described in this news release.

About Pelican AI Corp.

Pelican AI is a financial technology company providing artificial-intelligence-powered solutions for payments, financial crime compliance and trade finance. With more than 30 years of proprietary AI expertise, Pelican's technology is trusted by major financial institutions across more than 55 countries and has processed more than two billion transactions representing approximately $10-trillion in value.

Pelican's technology uses artificial intelligence, machine learning and natural language processing to help financial institutions automate payment processing, improve straight-through processing, strengthen financial crime compliance and modernize transaction banking infrastructure. Its solutions include Pelican Payments, Pelican Secure and AI-powered trade finance applications.

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