An anonymous director reports

GLOBAL HEMP GROUP ANNOUNCES DEBT SETTLEMENT

Global Hemp Group Inc. has settled $74,289.56 of its outstanding long-term debt (due March 8, 2025) for units at 3.1 cents per unit. Each unit is composed of one common share in the capital of the company and one non-transferable common share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of 10 cents per share, exercisable until March 24, 2028.

All securities issued under the debt settlement, including securities issuable on exercise thereof, will be subject to a hold period expiring four months and one day after issuance, in accordance with the rules and policies of the exchange and applicable Canadian securities laws.

About Global Hemp Group Inc.

Global Hemp 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 research and development 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's broader strategy to leverage the growing opportunities in the industrial hemp sector.

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