Hank Frecon Files Early Warning Report in Respect of Goat Industries Ltd.

Pennsylvania, United States – TheNewswire – April 15 2026 – Pursuant to the requirements of applicable securities laws, Henry (Hank) Frecon III, a director of GOAT Industries Ltd. (the “Company” or “GOAT”), of 1500-1111 W. Hastings Street, Vancouver, BC V6E 2J3, reports that, effective December 10, 2025, he acquired beneficial ownership of, or control or direction over, common shares of the Company resulting in him becoming a reporting securityholder of the Company for purposes of the early warning requirements.

Through entities owned and controlled by Mr. Frecon, Mr. Frecon acquired an aggregate of 11,299,368 common shares of the Company (the “Acquired Shares”) on December 10, 2025, through a treasury issuance by the Company upon completion of its acquisition of 1509467 BC Ltd. (“1509”) and Veroom, Inc. (the “Transaction”). The Acquired Shares represent approximately 10.7% of the issued and outstanding common shares of the Company on a non-diluted basis. In connection with the Transaction, through entities owned and controlled by Mr. Frecon, Mr. Frecon also acquired ownership and control of an aggregate of 11,939,965 performance warrants of the Company (the “Performance Warrants”). The Performance Warrants are exercisable into common shares of the Company at $0.45 per share and vest as follows: (i) 50% upon 1509 booking annual revenues (on a consolidated basis) of USD$10,000,000, as reasonably determined by the board of directors of the Company (the “Board”); and (ii) 50% upon 1509 booking annual revenues (on a consolidated basis) of USD$20,000,000, as reasonably determined by the Board. Assuming exercise of the Performance Warrants, Mr. Frecon will have ownership and control of an aggregate of 23,239,333 common shares of the Company, representing approximately 19.8% of the issued and outstanding common shares of the Company on a partially-diluted basis.

The Acquired Shares are held for investment purposes and Mr. Frecon has no current intention to acquire ownership of, or control over, additional common shares of the Company, except through the exercise of the Performance Warrants.

This press release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Mr. Frecon has filed an early warning report in the form of Form 62-103F1 Required Disclosure under the Early Warning Requirements, which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca. Please refer to such report for further information regarding the transaction described in this press release.

Hank Frecon
19 Saylor Lane
Barto, Pennsylvania 19504
USA

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