An anonymous director reports

DRAGANFLY ANNOUNCES PRICING OF US$3.6 MILLION UNDERWRITTEN PUBLIC OFFERING

Draganfly Inc. has priced its previously announced underwritten public offering of 1,715,000 units, with each unit consisting of one common share and one warrant to purchase one common share. Each unit is to be sold at a public offering price of $2.10 (U.S.) for gross proceeds of approximately $3.6-million (U.S.), before deducting underwriting discounts and offering expenses. The warrants will have an exercise price of $3.9779 (or $2.875 (U.S.)) per share, are exercisable immediately and will expire five years following the date of issuance. In addition, the company granted the underwriter a 45-day overallotment option to purchase up to an additional 15 per cent of the number of common shares and/or warrants offered in the offering.

Maxim Group LLC is acting as sole bookrunning manager for the offering.

Draganfly currently intends to use the net proceeds from the offering for general corporate purposes, including to finance its capabilities to meet demand for its new products, including growth initiatives, and/or for working capital requirements, including the continuing development and marketing of the company's core products, potential acquisitions, and research and development. The offering is expected to close on or about May 5, 2025, subject to the satisfaction of customary closing conditions.

The offering is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange and notification to the Nasdaq Stock Market.

The offering is being made pursuant to an effective shelf registration statement on Form F-10, as amended (file No. 333-271498), previously filed with and subsequently declared effective by the United States Securities and Exchange Commission (SEC) on July 5, 2023, and the company's Canadian short form base shelf prospectus dated June 30, 2023. Draganfly will offer and sell the securities in the United States only. No securities will be offered or sold to Canadian purchasers.

A preliminary prospectus supplement and an accompanying base shelf prospectus relating to the offering and describing the terms thereof have been filed with the applicable securities commissions in Canada and with the SEC in the United States, and are available, without charge, by visiting the company's profile on SEDAR+ or the SEC's website, as applicable. A final prospectus supplement with the final terms will be filed with the securities regulatory authorities in the Canadian provinces of British Columbia, Saskatchewan and Ontario, and the SEC. Copies of the preliminary prospectus supplement, the accompanying base shelf prospectus and the final prospectus supplement, when available, relating to the offering may be obtained by contacting Maxim Group at 300 Park Ave., 16th floor, New York, N.Y., 10022, attention: syndicate department, or by telephone at 212-895-3745, or by e-mail at syndicate@maximgrp.com.

About Draganfly Inc.

Draganfly is a pioneer in drone solutions, artificial-intelligence-driven software and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping and surveying. The company is committed to delivering efficient, reliable and industry-leading technology that helps organizations save time, money and lives.

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