Mr. Abhinav Singhvi reports

VOLATUS AEROSPACE INC. ANNOUNCES SHARES-FOR-DEBT TRANSACTION

Volatus Aerospace Inc. has arranged a proposed shares-for-debt settlement aimed at enhancing shareholder value and strengthening the company's balance sheet. The company has reached an agreement, subject to receipt of TSX Venture Exchange approval, with holders of unsecured non-convertible debentures of Volatus Aerospace Corp., a wholly owned subsidiary of the company, to settle the outstanding principal and accrued and unpaid interest owing under the debentures as at the maturity date, being May 23, 2025, in the aggregate amount of $446,400 in consideration for the issuance of an aggregate of 3.72 million units of the company at a deemed price of 12 cents per settlement unit. Each settlement unit will comprise one common voting share of the company and one common voting share purchase warrant of the company, with each settlement warrant exercisable to purchase one additional common voting share of the company at an exercise price of 20 cents per share for a period of 36 months from the date of issuance.

The securities issued under the shares-for-debt transaction will be subject to a statutory hold period expiring four months and one day from the date of issuance, in accordance with applicable securities laws and TSX-V policies. Closing of the shares-for-debt transaction is subject to all required regulatory approvals including that of the TSX-V. In the event the company does not obtain regulatory approval to complete the shares-for-debt transaction, the company will not proceed with the shares-for-debt transaction at its discretion.

About Volatus Aerospace Inc.

Volatus Aerospace is a leader in innovative global aerial solutions for intelligence and cargo. With a strong foundation of over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems (RPAS). The company serves industries such as oil and gas, utilities, health care, and public safety. Volatus's mission is to enhance operational efficiency, safety and sustainability through cutting-edge, real-world solutions.

We seek Safe Harbor.