An anonymous director reports

DRAGANFLY ANNOUNCES PRICING OF US$13.75 MILLION PUBLIC OFFERING

Draganfly Inc. has priced its public offering of 5.5 million 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 $2.50 (U.S.) for gross proceeds of approximately $13.75-million (U.S.), before deducting placement agent discounts and offering expenses. The warrants will have an exercise price of $5.0768 (or $3.71 (U.S.)) per share, are exercisable immediately and will expire five years following the date of issuance.

Maxim Group LLC is acting as sole placement agent 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 June 12, 2025, subject to the satisfaction of customary closing conditions.

The offering is subject to customary closing conditions, including receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange and notification to 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 U.S. Securities and Exchange Commission 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 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 at no charge by visiting the company's profiles on the SEDAR+ website maintained by the Canadian Securities Administrators 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 supplements, accompanying base shelf prospectus and final prospectus supplement, when available, relating to the offering may be obtained by contacting Maxim Group LLC 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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