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Roseville, CA / YOLOWIRE / January 5, 2026 / Hiam Victor Cohen Saban ("Cohen"), CEO and director of Armada Mercantile Ltd. (the "Company"), (CSE: ARM) (OTC: AAMTF) announces that on December 3, 2025 he purchased through the Canadian Stock Exchange, a total of 5,000 common shares of the Company trigging a regulatory requirement to file an Early Warning Report and issue a news release.

Prior to the purchase of securities described above, Cohen and or as trustee for certain trusts owned 6,280,989 common shares, representing approximately a twenty-nine percent interest in the Company on a fully diluted basis.

Cohen and or as trustee for certain trusts holds the shares of the Company for ownership and investment purposes only. Cohen intends to review, on a continuous basis, various factors related to its investment, including (but not limited to) the price and availability of the securities of the Company, subsequent developments affecting the Company or its business, and the general market and economic conditions. Based upon these and other factors, Cohen may decide to purchase or sell securities of the Company.

A report respecting this acquisition will be electronically filed and will be available for viewing through the Internet at the Canadian System for Electronic Analysis and Retrieval (SEDAR) at www.sedar.com.

"Hiam Victor Cohen Saban"

Hiam Victor Cohen Saban For further information contact: [email protected]

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