Grounded Closes First Tranche Of Private Placement Financing

Grounded Closes First Tranche Of Private Placement Financing

Grounded People Apparel Inc. (" Grounded " or the " Corporation ") (CSE: SHOE.X ), (OTC PINK: GPAIF ), (Frankfurt: K1G , WKN: A3DVB1 ) is pleased to announce that it has closed the first tranche of the non-brokered private placement of subscription receipts (each a “ Subscription Receipt ”) that it previously announced on April 29, 2026 (the “ Private Placement ”) at a price of C$0.15 per Subscription Receipt, for aggregate gross proceeds of C$751,999.90. It is anticipated that one or more subsequent tranches of the Private Placement will close in due course.

Each Subscription Receipt will entitle the holder thereof, upon satisfaction or waiver of the applicable escrow release conditions, to receive one unit of the Corporation (each, a “ Unit ”). Each Unit consists of one common share (each, a “ Share ”) of the Corporation and one-half of one Share purchase warrant (each whole warrant, a “ Warrant ”). Each Warrant will entitle the holder to purchase one common share (each, a “ Warrant Share ”) at an exercise price of C$0.17 per Warrant Share for a period of thirty-six (36) months from the date of issuance.

The Subscription Receipts issued in connection with the first tranche of the Private Placement will be subject to a statutory hold period of four months from the date of issuance, in accordance with applicable Canadian securities legislation. The Private Placement is subject to the final approval of the Canadian Securities Exchange (“ CSE ”).

Pursuant to the terms of the Private Placement, 25% of the gross proceeds therefrom will be immediately available to the Corporation to fund general working capital, administrative and transaction-related expenses (including audit fees, legal fees, and other customary costs). A portion of the proceeds will be used to satisfy outstanding fees incurred in connection with obtaining the technical report, and will be treated as “bridge financing” undertaken to facilitate the Corporation’s fundamental change (the “ Transaction ”) and satisfying the listing requirements applicable to an exploration and mining issuer. The remainder of the proceeds will be held in escrow pending completion of the Transaction.

About Grounded People Apparel Inc. Grounded People Apparel Inc. is a publicly traded company listed on the Canadian Securities Exchange. The Corporation is undertaking a strategic review of its business and evaluating potential opportunities across emerging sectors, with a focus on prudent execution and shareholder value.

ON BEHALF OF THE BOARD OF DIRECTORS “ Maximilian Justus ” Maximilian Justus Chief Executive Officer

For further information, please contact: Email: [email protected] Telephone: 1-844-673-6753

Forward Looking Information This news release includes certain "forward-looking statements" under applicable Canadian securities legislation, including, without limitation, statements relating to: the Corporation’s ability to complete the Private Placement; the conversion of the Subscription Receipts on the terms described herein; the receipt of CSE approval; statutory hold periods; ...