Dr. Thilo Senst reports

GBLT CORP.- EARLY WARNING PRESS RELEASE

SWT AG, which is beneficially owned by GBLT Corp.'s Dr. Thilo Senst (the acquiror), has provided the following update in accordance with National Instrument 62-103 The Early Warning System and Related Take Over Bids and National Instrument 62-104 Take-Over Bids and Issuer Bids.

The acquiror advises that on Jan. 29, 2024, he disposed of beneficial ownership of, and control over, 33 million common shares in the capital of GBLT (the issuer) for an aggregate purchase price of $1.32-million. The disposal was made pursuant to a private share purchase agreement dated Jan. 29, 2024, whereby the acquiror sold an aggregate of 33 million common shares to three separate individuals at a price of four cents per common share. The common shares are listed for trading on TSX Venture Exchange.

Immediately before the completion of the disposal, the acquiror beneficially owned or controlled 74,441,206 common shares either in his own name or through SWT AG, a corporation controlled by the acquiror. As a result of the disposal, the acquiror beneficially owns and has control over 41,364,445 common shares representing approximately 36.50 per cent of the currently issued and outstanding common shares.

The acquiror will review his holdings from time to time and may, in the future, increase or decrease his ownership or control over securities of the issuer as circumstances dictate. An early warning report will be filed under the issuer's profile on the SEDAR+ website.