Mr. Ron Schmitz reports

GLOBAL UAV ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Further to the news release dated Aug. 24, 2026, Global UAV Technologies Ltd. has closed a non-brokered private placement consisting of an aggregate of 11,112,500 common shares at a price of 40 cents per share for aggregate gross proceeds of $4,445,000.

In connection with the closing, the company: (i) paid an aggregate cash finders' fees of $38,240; and (ii) issued 95,600 broker warrants to certain eligible finders in connection with the offering. Each broker warrant is exercisable into one share at a price of 40 cents per broker warrant share until Oct. 15, 2028, subject to the terms and conditions contained in the warrant certificate.

The company intends to use the net proceeds from the offering for the development and assessment of intellectual property, marketing, investor relations, general and administrative expenses, and general corporate purposes.

Closing of the offering is subject to receipt of all necessary regulatory approvals, including from the Canadian Securities Exchange. All securities issued in relation to the offering are subject to a hold period expiring four months and one day after the closing date in accordance with applicable securities laws.

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.

We seek Safe Harbor.