Mr. Michael Saxon reports

TAAT PROVIDES UPDATE ON STATUS OF MCTO

TAAT Global Alternatives Inc. has provided this update on the status of a management cease trade order granted on Feb. 29, 2024, by the British Columbia Securities Commission under National Policy 12-203, Management Cease Trade Order. On Feb. 29, 2024, the company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements and accompanying management discussion and analysis for the fiscal year ended Oct. 31, 2023, beyond the period prescribed under applicable Canadian securities laws.

The company reports that the audit is progressing and will provide a further update on the timing of its annual filings on or about March 29, 2024. The company is also progressing on completion of its interim financial statements and accompanying management discussion and analysis for the first quarter ended Jan. 31, 2024, and will provide a further update on or about March 29, 2024. Further updates on timing will be provided by the company as necessary.

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 officer and chief financial officer will not be able to trade in the company's common shares.

Other than as disclosed in this news release, there are no material changes to the information contained in the default announcement. The company confirms that it intends to satisfy the provisions of NP 12-203 and will continue to issue biweekly default status reports for so long as it remains in default of the annual filings requirement.

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 and reduced-risk alternatives, hemp, kratom, and other emerging CPG (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.