Mr. Ron Schmitz reports

GLOBAL UAV ANNOUNCES SHARE CONSOLIDATION

Global UAV Technologies Ltd. intends to consolidate the common shares of the company on the basis of one postconsolidated share for each 1.324206 preconsolidated shares issued and outstanding.

The consolidation will become effective at the opening of the market on Oct. 13, 2026. The symbol UAV.X will remain the same. The new Cusip number will be 379433402, and the new ISIN will be CA3794334027 for the postconsolidation shares. Currently, a total of 43,698,801 shares are issued and outstanding. Accordingly, upon the consolidation becoming effective, a total of 33,000,002 shares, subject to adjustments for rounding, will be issued and outstanding. Any fractional shares resulting from the exchange will be rounded up to the nearest whole share. The exercise or conversion price, as well as the number of shares issuable with respect to any of the company's outstanding convertible securities, will be proportionately adjusted in connection with the consolidation. There is no maximum number of authorized shares.

As previously announced, the company entered into an amalgamation agreement with Nexus Peptide Sciences Inc. pursuant to which the company proposes to complete a business combination transaction constituting a fundamental change under the policies of the Canadian Securities Exchange. The consolidation is being completed to satisfy the requirement that the company have no more than 33 million shares issued and outstanding immediately prior to closing. Completion of the transaction remains subject to a number of conditions, including CSE approval and the satisfaction of other customary closing conditions. There can be no assurance that the transaction will be completed as proposed or at all.

Trading in the company's securities remains halted in accordance with the policies of the CSE pending completion of the review process in respect of the proposed transaction.

Endeavor Trust Corp. has confirmed that all shares held by registered shareholders as of the record date on Oct. 13, 2026, will be processed.

We seek Safe Harbor.