File: '\\swfile\EmailIn\20251120 053233 Attachment 20251120-07 MSP Proposes Name Change and Consolidation.docx'

2

MINAEAN SP CONSTRUCTION CORP.

FOR IMMEDIATE RELEASE NOVEMBER 20, 2025

MINAEAN SP ANNOUNCES PROPOSED NAME CHANGE AND SHARE CONSOLIDATION

Vancouver, BC, Canada - November 20, 2025 - Minaean SP Construction Corp. (TSX Venture Exchange: MSP; Berlin and Frankfurt Stock Exchanges: NJA) ("Minaean" or the "Company") is pleased to announce that the Company's Board of Directors has approved a change of the Company name to Global Power Solutions Corp. (the "Name Change") and a consolidation of the Company's outstanding common shares on the basis of five (5) pre-consolidation common shares for one (1) post-consolidation common share (the "Consolidation"). The Name Change and Consolidation remain subject to TSX Venture Exchange approval. The effective date and further details of the Name Change and Consolidation will be disclosed in a subsequent news release following receipt of all requisite approvals.

Shareholders approval is not required and shareholders will not be required to take any action in connection with the Name Change and Consolidation.

The Company believes the Name Change and Consolidation will help position Minaean to appeal to a broader base of investors and enhance its capital markets profile.

"Today marks a defining moment in our company's evolution. With the name change we are making it clear to the market and world, as per our past few news releases, that Minaean's business strategy is being expanded to the pursuit of other industrial opportunities, including the development and execution of solar power projects," stated CEO, President and Director, Mervyn Pinto.

"We continue to review opportunities in the power space and look forward to updating our shareholders if the Board decides to pursue any of them".

On behalf of the Board of Directors

MINAEAN SP CONSTRUCTION CORP.

Mervyn Pinto

President & Director

Phone: +1 (604) 684-2181

Email: info@minaean.com

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking statements." Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Company's ability to complete the name change, including the risk that the name change may be completed as expected or at all. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.