Mr. Abhinav Singhvi reports

VOLATUS LIFE OFFERING FINANCING OVERSUBSCRIBED AND UPSIZED TO $5,000,000

Due to existing and strategic investor demand, Volatus Aerospace Inc. has increased the size of its non-brokered listed issuer financing exemption (LIFE) private placement, as previously announced on June 19, 2025, to 25 million units of the company at a price of 20 cents per unit for gross proceeds of up to approximately $5-million, increased from $4-million. Each unit will comprise one common voting share in the capital of the company and one-half of one common share purchase warrant of the company. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of 30 cents per warrant share for a period of 36 months following the date of issuance. The company is not expecting to increase the offering further. In connection with the upsize to the LIFE offering, the company has filed an amended and restated offering document.

The LIFE offering is expected to close on or before June 26, 2025, or such other dates as the company may decide. The LIFE offering is subject to customary conditions, including, but not limited to, receipt of all necessary TSX Venture Exchange, regulatory and other approvals. The LIFE offering may be closed in multiple tranches.

The company intends to use the net proceeds of the LIFE financing for expansion into global markets, investment into Arctic and remote operations infrastructure, inventory, and general corporate and working capital purposes.

As mentioned in the June 19, 2025, press release, the company expects to see growth opportunities for its business related to policy changes from the Canadian federal government (June 9, 2025, announcement on defence spending, NATO (North Atlantic Treaty Organization) targets and domestic drone capabilities) and Canada's financial commitment to Ukraine (June 17, 2025, $4.3-billion commitment, including logistics and defence-adjacent technologies).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the units will be offered for sale to purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Since the LIFE financing is being completed pursuant to the listed issuer financing exemption, the securities issued to Canadian resident subscribers in the LIFE financing will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the LIFE offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

About Volatus Aerospace Inc.

Volatus is a leader in innovative global aerial solutions for intelligence and cargo. With over 100 years of combined institutional knowledge in aviation, Volatus provides comprehensive solutions using both piloted and remotely piloted aircraft systems for a wide array of industries, including oil and gas, energy utilities, health care, public safety, and infrastructure. The company is committed to enhancing operational efficiency, safety and sustainability through cutting-edge aerial technologies.

We seek Safe Harbor.