Volatus LIFE Offering Financing Oversubscribed and Upsized to $5,000,000

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Not for distribution to United States newswire services or for dissemination in the United States.

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TORONTO, June 20, 2025 (GLOBE NEWSWIRE) — Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) (“Volatus” or the “Company”) is pleased to announce that, due to existing and strategic investor demand, it has increased the size of its non-brokered listed issuer financing exemption (“LIFE”) private placement (the “LIFE Offering“), as previously announced on June 19, 2025, to 25,000,000 units of the Company (“Units“) at a price of $0.20 per Unit (the “Issue Price“) for gross proceeds of up to approximately $5,000,000, increased from $4,000,000. Each Unit will be comprised of one common voting share in the capital of the Company (“Common Share”) and one-half of one Common Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share (each, a “Warrant Share”) at an exercise price of $0.30 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 “Offering Document”).

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The LIFE Offering is expected to close on or before June 26, 2025, or such other dates as the Company may decide (the “Closing Date”). The LIFE Offering is subject to customary conditions including, but not limited to, receipt of all necessary TSX Venture Exchange (“TSXV”), regulatory and other approvals. The LIFE Offering may be closed in multiple tranches.

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

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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 defense spending, NATO targets and domestic drone capabilities) and Canada’s Financial Commitment to Ukraine (June 17, 2025, $4.3 billion commitment, including logistics and defense-adjacent technologies).

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This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”) or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.

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Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Units will be offered for sale to purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). 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.

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There is an Offering Document related to the LIFE Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.volatusaerospace.com. Prospective investors should read this offering document before making an investment decision.

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About Volatus Aerospace Inc.

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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, healthcare, public safety, and infrastructure. The Company is committed to enhancing operational efficiency, safety, and sustainability through cutting-edge aerial technologies. For more information, visit www.volatusaerospace.com.