Mr. Haneef Esmail reports

GLOBAL POWER SOLUTIONS CORP. ANNOUNCES CLOSING OF OVERSUBSCRIBED NON-BROKERED UNIT PRIVATE PLACEMENT

Further to its news releases dated April 21, 2026, and June 8, 2026, Global Power Solutions Corp. has closed its oversubscribed non-brokered private placement of 5,225,000 units at a subscription price of 20 cents per unit for total gross proceeds of $1,045,000.

Each unit comprises one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of 30 cents at any time on or before the date which is 24 months from the date of issuance.

In connection with the private placement, the company paid aggregate cash finders' fees of $91,000 and issued 455,000 non-transferable finder warrants, on the same terms as the warrants, to eligible finders in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

A certain director and officer of the company participated in the private placement in the amount of $20,000. The transactions with the insider of the company constitute a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on the exemptions under sections 5.5(a) and 5.7(1)(a) from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the units issued to the related parties and the consideration paid by the related parties do not exceed 25 per cent of company's market capitalization, as determined in accordance with MI 61-101. The company did not file a material change report in respect of the related party transactions at least 21 days before the closing of the private placement as the details of the participation by related parties of the company were not settled until shortly prior to closing of the private placement. The proceeds will be used for working capital and business development purposes.

This private placement closing is subject to final approval by the TSX-V. All securities issued are subject to a four-month-and-one-day hold period expiring on Oct. 31, 2026.

About Global Power Solutions Corp.

Global Power Solutions is a company well known for its pioneering efforts in the manufacture of light gauge steel components for the construction industry and modular metal buildings. The business strategy of the company is being expanded to the pursuit of other industrial opportunities, including the development and execution of renewable energy and other clean energy infrastructure projects.