Mr. Michael Saxon reports

TAAT ANNOUNCES LATE FILING OF ANNUAL FINANCIAL STATEMENTS AND MANAGEMENT CEASE TRADE ORDER

As a result of delays to an audit of TAAT Global Alternatives Inc.'s annual financial statements and accompanying management's discussion and analysis for the fiscal year ended Oct. 31, 2023, TAAT has determined that it may not be able to file the required filings by the filing deadline as required by Part 4 of National Instrument 51-102 (Continuous Disclosure Obligations).

The reason for the anticipated delay is due to the change of the issuer's auditor in advance of the Oct. 31, 2023, year-end, which has resulted in enhanced quality controls, additional audit procedures and added complexities of auditing certain transactions during the financial year. The new auditor has requested more time for partner and consultant review as part of those enhanced measures. The company is working with its auditor (Reliant CPA) to complete the audit in a timely manner.

The company currently expects to file the annual filings on or before April 29, 2024, and will issue a news release announcing completion of such filings at such time. Until the company files the annual filings, it will comply with the alternative information guidelines set out in National Policy 12-203 (Management Cease Trade Order) for issuers which have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws. The guidelines, among other things, require the company to issue biweekly default status reports by way of a news release so long as the annual filings have not been filed.

During the MCTO, the general investing public will continue to be able to trade in the company's listed common shares. However, the company's chief executive office and chief financial officer will not be able to trade in the company's common shares.

About TAAT Global Alternatives Inc.

TAAT is a vertically integrated consumer product and distribution company, generating more than $90-million in overall gross revenue annually. TAAT is strategically expanding its product categories, including tobacco, reduced-risk alternatives, hemp and kratom, and other emerging consumer packaged goods segments. TAAT has facilities to include a processing plant in Nevada, as well as a distribution centre in Canton, Ohio, leveraging existing retail shelf space and pipelines into national wholesale channels.

We seek Safe Harbor.