Mr. Bill Frain reports

LIBERTY ANNOUNCES OVERNIGHT MARKETED OFFERING OF UNITS

Liberty Defense Holdings Ltd. has filed a preliminary short form prospectus in connection with an overnight marketed offering of units of the company, at a price per unit to be determined in the context of the market. The offering is being conducted by Canaccord Genuity Corp.

Each unit is expected to consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will be exercisable to acquire one common share at a price to be determined in the context of the market with an anticipated term of 24 months from the closing of the offering.

The size and pricing of the offering will be determined in the context of the market at the time of entering into a definitive underwriting agreement between the company and the underwriter. The company will grant the underwriter an overallotment option exercisable, in whole or in part, in the sole discretion of the underwriter, to purchase up to an additional 15 per cent of the number of units sold pursuant to the offering for up to 30 days following the closing of the offering, for market stabilization purposes and to cover overallotments, if any. The overallotment option will be exercisable to acquire units, common shares and/or warrants (or any combination thereof) at the discretion of the underwriter.

The net proceeds from the offering are expected to be used for business development and marketing expansion, manufacturing and supply chain optimization, sustaining engineering, research and development and product innovation, general and administrative expenses, and working capital. The offering is expected to close on or about March 20, 2025, or such other date as agreed to between the company and the underwriter, and is subject to certain closing conditions, including the receipt of all necessary regulatory approvals and the acceptance of the TSX Venture Exchange.

The units to be issued pursuant to the offering will be offered by way of a short form prospectus in each of the provinces of Canada, other than Quebec. The preliminary short form prospectus dated Feb. 27, 2025, is available under the company's profile on SEDAR+, and, upon determination of the size and pricing of the offering and the signing of the underwriting agreement, an amended and restated preliminary short form prospectus will be filed and available on SEDAR+. Alternatively, the preliminary short form prospectus and/or the restated preliminary short form prospectus may be obtained from Canaccord Genuity at ecm@cgf.com.

About Liberty Defense Holdings Ltd.

Liberty provides multitechnology security solutions for concealed weapon detection in high-volume foot traffic areas and locations requiring enhanced security such as airports, stadiums, schools and more. Liberty's Hexwave product, for which the company has secured an exclusive licence from Massachusetts Institute of Technology, as well as a technology transfer agreement for patents related to active 3-D radar imaging technology, provides discrete, modular and scalable protection to provide layered, standoff detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimetre-wave-based, high-definition advanced imaging technology body scanner and shoe scanner technologies as part of its technology portfolio. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions.

We seek Safe Harbor.