Mr. V-Bond Lee reports

VOLT CARBON TECHNOLOGIES ANNOUNCES FINAL CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $349,000 AND OPTION GRANT

Volt Carbon Technologies Inc., further to its news release dated Feb. 25, 2026, has completed the final closing of its oversubscribed non-brokered private placement financing.

Due to strong investor demand, the offering was oversubscribed, with the company issuing an aggregate of 13.96 million units at a price of 2.5 cents per unit for total gross proceeds of $349,000.

Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of five cents per share for a period of 24 months from the date of issuance.

In connection with the offering, EMD Financial Inc., an arm's-length finder, introduced subscribers for aggregate gross proceeds of $172,500. In consideration, the company: (i) paid a cash finder's fee of $13,250; and (ii) issued 530,000 non-transferable finder's warrants, representing approximately 7.7 per cent of the units placed by the finder. Each finder's warrant is exercisable into one common share of the company at a price of five cents per share for a period of 24 months from the date of issuance.

All securities issued in connection with the offering are subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

The company intends to use the proceeds of the offering to support the scale up of mobile separation, graphene and battery technologies at its Guelph plant, for intellectual property development initiatives, and for general working capital. The closing remains subject to final approval of the TSX Venture Exchange.

Stock option grant

Pursuant to the company's stock option plan and in accordance with the policies of the TSX Venture Exchange, Volt Carbon has granted an aggregate of 800,000 stock options to certain employees and contractors of the company. Each option is exercisable into one common share at a price of five cents per share for a term of five years, vesting immediately upon grant, and remains subject to the approval of the TSX Venture Exchange.

About Volt Carbon Technologies Inc.

Volt Carbon is a publicly traded carbon science company, with specific interests in energy storage and green energy creation, with holdings in mining claims in the provinces of Ontario, Quebec and British Columbia in Canada.

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