Mr. Curt Huber reports

GLOBAL HEMP GROUP ANNOUNCES APPOINTMENT OF GEOFFREY BAKER TO THE BOARD OF DIRECTORS AND MCTO UPDATE

Global Hemp Group Inc. has appointed Geoffrey Baker to the board of directors of the company.

Mr. Baker brings a wealth of experience in natural resources and finance to the company's board. He is currently a director at Tim Trading Ltd., a United Arab Emirates consultancy in the oil and gas sector. As manager of Insch Black Gold Funds, he received the Investors Choice Swiss fund manager of the year award. Previously, he spent 12 years as a licensed broker at Refco Inc. and holds a bachelor's degree from the University of Windsor, Ont.

"We warmly welcome Geoff to our board. His extensive experience and connections in finance will be invaluable as we advance our business initiatives," said Curt Huber, president of Global Hemp Group.

Management cease trade order update

The company is providing an update regarding the management cease trade order issued by the B.C. Securities Commission on Jan. 29, 2025. This notice is in accordance with National Policy 12-203 (Management Cease Trade Orders). The MCTO restricts the company's officers, board members and insiders from trading in the company's securities, while allowing other shareholders, including the public, to continue trading.

As of today, the company is actively working to finalize its audited annual financial statements for the year ending Sept. 30, 2024, along with management's discussion and analysis and related chief executive officer and chief financial officer certificates, which were due by Jan. 28, 2024. The company aims to complete these filings in compliance with the statutory requirements and will make every effort to meet the required timelines.

The MCTO remains in effect until the company files the required documents and the BCSC's executive director has revoked the MCTO. The company confirms that, since the date of the default announcement, other than as described above: (a) there has been no material change to the information set out in the default announcement that has not been generally disclosed; (b) there has been no failure by the company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; (c) there has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the default announcement; and (d) there is no other material information concerning the affairs of the company that has not been generally disclosed.

The company confirms that it will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing biweekly default status reports in the form of news releases for so long as it remains delayed.

About Global Hemp Group Inc.

Global Hemp Group is focused on two key business segments: industrial hemp and health and wellness (biopharma). The industrial hemp division's primary focus lies in the environmental uses of hemp for construction and hemp for sustainable bioenergy sources, both contributing to a carbon negative footprint. The health and wellness division is focused on the acquisition of exclusive licensing of patents and intellectual property. The company's R&D division, led by Prof. Victor M. Castano, a prominent figure in applied science and technology from the National Autonomous University of Mexico, focuses on Global Hemp Group's broader strategy to leverage the growing opportunities in the industrial hemp sector.

We seek Safe Harbor.