Mr. Kerem Usenmez reports

VOLTA METALS ANNOUNCES CLOSING OF ACQUISITION OF REMAINING 20% INTEREST OF ITS FLAGSHIP SPRINGER RARE EARTH AND GALLIUM DEPOSIT AND CONTIGUOUS CLAIM

Volta Metals Ltd. has closed its previously announced acquisition of the remaining 20-per-cent interest in the Springer rare earth element and gallium deposit. The company already held an option to acquire the initial 80 per cent pursuant to an option agreement entered into in June, 2025. The remaining interest acquisition was completed pursuant to a purchase agreement dated July 21, 2026, with RZJ Capital Management LLC.

In consideration for the remaining interest, the company must pay an aggregate of $1-million in cash and issue 10 million common shares of the company. The terms of the foregoing payments are described in further detail in the company's press release dated June 22, 2026, which announced the remaining interest acquisition. On closing, the company issued five million of the shares due under the purchase agreement.

The company also announces that it has closed the acquisition of a mineral claim contiguous with the eastern boundary of the property pursuant to a claim acquisition agreement dated July 10, 2026, with an arm's-length vendor. In consideration for the acquisition of the claim, the company issued 600,000 shares. Further details of the acquisition of the claim are provided in the company's press release dated June 21, 2026.

The shares issued pursuant to the purchase agreement, and the claim agreement is subject to a hold period of four months and one day from the date of issuance under applicable Canadian securities laws.

About Volta Metals Ltd.

Volta Metals is a critical mineral exploration company focused on rare earths, gallium, lithium, cesium and tantalum. Volta owns, has optioned and is currently exploring a critical mineral portfolio of rare earth, gallium, lithium, cesium and tantalum projects in Ontario, one of the world's most prolific and emerging hardrock critical mineral districts.

Volta is advancing its 4,750-hectare Springer rare earth element deposit, located on the traditional territory of the Nipissing First Nation in Sturgeon Falls. The Springer rare earth element deposit sits approximately 70 kilometres east of Sudbury, Ont., with direct access through the Trans-Canada Highway and Highway 64. The project benefits from well-developed infrastructure, including paved road access, on-site power lines fed from the Crystal Falls hydroelectric dam, a natural gas pipeline and Canadian National Railway service, all within eight kilometres of the deposit.

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