Mr. Ron Schmitz reports

GLOBAL UAV ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT AND DEBT SETTLEMENT

Further to the news release dated Dec. 29, 2025, Global UAV Technologies Ltd. has closed a non-brokered private placement financing, consisting of the issuance of 2,095,238 units of the company at a price of 10.5 cents per financing unit for aggregate gross proceeds of $219,999.99, effective Feb. 12, 2026.

The company also announces that, further to its news release dated Dec. 29, 2025, it has settled outstanding indebtedness in an aggregate amount of $1,266,274.26 owing to certain creditors of the company. The debt settlement is satisfied through the issuance of an aggregate of 12,059,753 units of the company at a deemed price of 10.5 cents per debt settlement units.

Each unit issued in the offering consists of one common share in the capital of the company and one share purchase warrant, with each warrant entitling the holder thereof to acquire one additional share at an exercise price of 13.5 cents per warrant share for a period of two years from the date of closing of the offering.

The company intends to use the proceeds of the offering for general working capital purposes.

No finders' fees were paid in connection with the offering.

In accordance with the policies of the Canadian Securities Exchange, shareholder approval was required in connection with the offering. On Feb. 2, 2026, the company obtained approval of the financing and the debt settlement from a majority of the holders of the issued and outstanding shares, excluding shares held by related parties, by way of written consent resolution.

All Securities issued in connection with the offering are subject to a statutory hold period expiring four months and one day after closing of the offering.

Timothy Ko, a director of the company, and a corporation owned by the chief executive officer and director of the company, Ron Schmitz, participated in the financing, and are each considered to be a related party within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions), and the issuance to each related party is considered to be a related-party transaction within the meaning of MI 61-101 but is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) as the company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the shares to be issued to the related party does not exceed 25 per cent of the company's market capitalization.

We seek Safe Harbor.