Mr. Cameron Chell reports

DRAGANFLY DEPLOYS ADVANCED comMANDER 3XL AND comMENCES TRAINING WITH SQUAMISH SEARCH AND RESCUE

Draganfly Inc. has delivered its newest advanced first responder assets to Squamish Search and Rescue (SSAR), inclusive of the commander 3XL drone and modular payloads. This delivery marks a significant step in enhancing first responder capabilities.

Draganfly is conducting comprehensive training and pilot operations with SSAR team members, focusing on the commander 3XL and its modular payloads. These training sessions encompass a variety of region-specific scenarios that reflect the broad scope of SSAR's missions, including front and back-country rescue, delivery of critical goods, and swift water rescue.

"This delivery represents the first of many deployments as we continue to develop and refine compelling drone solutions for search and rescue operations," said Cameron Chell, chief executive officer of Draganfly. "Our collaboration with SSAR is a testament to our commitment to leveraging advanced UAV technology to save lives and improve operational efficiency."

Lianne Girard, director of technology at Squamish Search and Rescue, commented: "The arrival of the commander 3XL and the precision delivery system holds exciting possibilities for SSAR. We are eager to begin training with these tools and understand their full capabilities".

This work underscores the impacts of UAV technology in critical rescue operations, helping ensure aid can be delivered efficiently to those in need, regardless of challenging terrain and accessibility issues.

Pursuant to a prior underwritten public offering of the company in the United States, the company issued 6.4 million common share purchase warrants (the October warrants) with each warrant entitling the holder thereof to purchase one common share of the company at an exercise price of 61.23 U.S. cents (subsequently reduced to 25.9 U.S. cents as noted in the company's May 1, 2024, news release), subject to adjustment, until Oct. 30, 2028. On May 1, 2024, the company issued 13,513,514 warrants to purchase shares to the holder at an exercise price of 35.40 cents per share, subject to adjustment, until May 1, 2029. In an effort to have the warrants treated as shareholder's equity, and not a derivative liability on the company's balance sheet, the holder and the company entered into an amendment agreement to amend certain provisions related to determining the value of underlying common shares of the company on completion of fundamental transactions in exchange for the exercise price of the warrants being reduced to the Canadian dollar equivalent of 16.46 U.S. cents.

About Draganfly Inc.

Draganfly is the creator of quality, cutting-edge drone solutions, software and artificial intelligence systems that revolutionize how organizations do business and service their stakeholders. Recognized as being at the forefront of technology for over 24 years, Draganfly is an award-winning industry leader serving the public safety, agriculture, industrial inspections, security, mapping and surveying markets. Draganfly is a company driven by passion, ingenuity and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money and lives.

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