Grounded People Announces Closing of Debt Settlement

(TheNewswire)

VANCOUVER, BritishColumbia, Canada – TheNewswire - March 9, 2026- Grounded People ApparelInc. (“Grounded” or the “Company”) (CSE: SHOE.X), (OTC PINK:GPAIF),(Frankfurt: K1G, WKN: A3DVB1) is pleased to announce that it hascompleted its previously announced debt settlements (see news releasedated March 2, 2026, issuing an aggregate of 4,500,000 commonshares of the Company (the “Shares”) at a deemed price of $0.10 per Sharein full settlement of an aggregate amount of $450,000 of outstandingindebtedness (the “Debt Settlement”). Pursuant to applicable securities laws, all securitiesissued pursuant to the Debt Settlement are subject to a hold period offour months and one day.

About Grounded PeopleApparel Inc.

Grounded People Apparel Inc. is a publicly tradedcompany listed on the Canadian Securities Exchange. The Company isundertaking a strategic review of its business and evaluatingpotential opportunities across emerging sectors, with a focus onprudent execution and shareholder value.

ON BEHALF OF THE BOARD OF DIRECTORS

“Maximilian Justus”

Maximilian Justus

Chief Executive Officer

For further information, please contact:

Email: investors@groundedpeople.com

Telephone: 1-844-673-6753

CAUTIONARY DISCLAIMERSTATEMENT

This news release includes certain “forward-lookingstatements” under applicable Canadian securities legislation.Forward-looking statements are necessarily based upon severalestimates and assumptions that, while considered reasonable, aresubject to known and unknown risks, uncertainties, and other factorswhich may cause the actual results and future events to differmaterially from those expressed or implied by such forward lookingstatements. Accordingly, readers should not place undue reliance onforward-looking statements. The Company disclaims any intention orobligation to update or revise any forward-looking statements, whetheras a result of new information, future events or otherwise, except asrequired by law.

The CSE hasneither approved nor disapproved the contents of this news release.Neither the CSE nor its Market Regulator (as that term is defined inthe policies of the CSE) accepts responsibility for the adequacy oraccuracy of this release.

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