Mr. Ranjeet Sundher reports

TACTICAL RESOURCES ANNOUNCES SHARE CONSOLIDATION

In connection with Tactical Resources Corp.'s previously announced business combination with Plum Acquisition Corp. III, and to ensure the resulting issuer (New PubCo) satisfies applicable Nasdaq listing standards, the company will consolidate its common shares on the basis of five preconsolidation shares for every one postconsolidation share, effective Dec. 5, 2025.

The company notes that, although its management information circular and related proxy materials (the meeting materials) mailed to shareholders in connection with the annual general and special meeting of shareholders to be held at 10 a.m. (Vancouver time) on Dec. 16, 2025, sought approval for a consolidation of up to 25 to one, the company's board of directors has determined that a ratio of five to one is sufficient based on the company's trading price. The TSX Venture Exchange has approved effecting the consolidation based on the proposed ratio by way of board resolution, and the company does not expect to effect any further share consolidation in connection with completion of the business combination.

The consolidation will not affect the consideration payable to company shareholders in connection with the business combination. Following completion of the consolidation, company shareholders will receive the same effective number of New PubCo shares as they would have received if the consolidation had not been implemented and will retain the same proportionate ownership interest in New PubCo immediately following completion of the transaction.

The business combination remains subject to approval of the company shareholders, court approval, stock exchange approval and other customary closing conditions. There can be no assurances that the business combination will be completed following the effectiveness of the consolidation.

The company name and trading symbol will remain unchanged after the consolidation. The new CUSIP number will be 87357T300 and the new ISIN number will be CA87357T3001 for the postconsolidation shares.

Following the consolidation, the company expects to have approximately 7,345,379 shares issued and outstanding, subject to adjustment for the treatment of fractional shares.

No fractional shares will be issued in connection with the consolidation. Any fractional interest resulting from the consolidation that is less than one-half of a share will be rounded down and cancelled, and any fractional interest that is equal to or greater than one-half of a share will be rounded up to one whole share.

The exercise price, conversion price and the number of shares issuable under any of the company's outstanding convertible securities, as applicable, will be proportionately adjusted upon the effectiveness of the consolidation.

Registered shareholders who hold physical share certificates will receive a letter of transmittal requesting that they forward preconsolidation share certificates to the company's transfer agent, Odyssey Trust Company in exchange for new share certificates representing shares on a postconsolidation basis. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their own name will not be required to complete a letter of transmittal.

About Tactical Resources Corp.

Tactical is a mineral exploration and development company focused on United States-made rare-earth elements used in semiconductors, electric vehicles, advanced robotics and, most importantly, national defence. The company is also actively involved in the development of innovative metallurgical processing techniques to further unlock REEs development potential.

We seek Safe Harbor.