Mr. James Rogers reports

GLOBAL UAV ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Global UAV Technologies Ltd. has completed its non-brokered private placement financing, as previously announced on Sept. 17, 2025, pursuant to which it has issued 850,000 units at a price of 10.5 cents per unit. Each unit comprises one common share and one common share purchase warrant. Each warrant entitles the holder thereof to acquire one share at a price of 13.5 cents per warrant share for a period of two years following closing. Proceeds of the offering will be used for general working capital and payment of debt.

All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering.

One insider of the company subscribed for 250,000 units under the offering, which is considered to be a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The issuance to the insider is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) as the shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the shares and warrants to be issued to the insider does not exceed 25 per cent of the company's market capitalization.