Mr. Daren Trousdell reports

PELICAN ANNOUNCES APPOINTMENT OF NINO DI TEODORO TO ITS BOARD OF DIRECTORS

Pelican AI Corp. has appointed Nino Di Teodoro to its board of directors, effective Oct. 1, 2026. Mr. Di Teodoro will continue to serve as chief executive officer of the company.

"Since stepping into the role of chief executive officer, Nino has brought more than two decades of leadership across payments, fraud and financial crime compliance, including senior roles at Symcor, TD Bank Group and CIBC," said Daren Trousdell, executive chairman of Pelican. "Adding him to the board brings the leader responsible for executing our strategy into the boardroom, and we look forward to his contributions as we continue to serve our financial institution customers."

About Pelican AI Corp.

Pelican is a financial technology company providing artificial-intelligence-powered solutions for payments, financial crime compliance and trade finance. With more than 30 years of proprietary AI expertise, Pelican's technology is trusted by major financial institutions across more than 55 countries, and has processed more than two billion transactions representing approximately $10-trillion in value. Pelican's technology uses artificial intelligence, machine learning and natural language processing to help financial institutions automate payment processing, improve straight-through processing, strengthen financial crime compliance and modernize transaction banking infrastructure. Its solutions include Pelican Payments, Pelican Secure and AI-powered trade finance applications.

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