Grounded People Announces Debt Settlement

(TheNewswire)

VANCOUVER, BritishColumbia, Canada – March 2,2026 – TheNewswire - Grounded People Apparel Inc. (“Grounded” or the “Company”) (CSE: SHOE.X), (OTC PINK:GPAIF),(Frankfurt: K1G, WKN: A3DVB1) announces that it has entered intodebt settlement agreements dated March 2, 2026 (the “Settlement Agreements”) with certain creditors of the company (collectively, the“Creditors”). Pursuant to the Settlement Agreements, the Company hasagreed to issue an aggregate of 4,500,000 common shares of theCompany (each, a “Share” and collectively, the “Shares”) at adeemed price of $0.10 per Share in fullsettlement of an aggregate amount of $450,000 of outstandingindebtedness (the “Settlement”).

All the settlement agreements are with arm'slength parties; such parties having acquired the debts from acorporate services provider. The original debt was incurred inrelation to corporate secretarial services and back-officesupport. 

The Settlement is subject to approval ofthe Canadian Securities Exchange. Closing of the Settlement isexpected to occur on or before March 9, 2026.

The Company did not file a material change report morethan 21 days before the expected closing of the Settlement because thedetails were not settled until shortly prior to closing of theSettlement and the Company wished to close on an expedited basis forbusiness reasons.

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,including in relation to the Company’s ability to complete thePrivate Placement and to identify and / orpursue strategic opportunities in emerging (or any) sectors.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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