Mr. Rob Walker reports

VOLATUS AEROSPACE COMPLETES ACQUISITION OF 100% OWNERSHIP OF SYNERGY AVIATION

Volatus Aerospace Inc. has completed the acquisition of the remaining 41.53-per-cent minority interest in Synergy Aviation Ltd., resulting in Volatus holding 100-per-cent ownership of Synergy, as previously announced on March 4, 2026. Full ownership also simplifies operational co-ordination between Volatus's aviation, training, engineering and manufacturing activities as the company continues to scale its aerospace capabilities.

As consideration for the transaction, the company issued an aggregate of 2,444,243 common voting shares of Volatus to the minority shareholders of Synergy. The share consideration was priced based on the 30-day volume-weighted average price of the company's common voting shares on the TSX Venture Exchange prior to closing.

Volatus initially acquired a 51-per-cent interest in Synergy in 2022 and subsequently increased its ownership by 7.47 per cent in 2025, bringing its interest to 58.47 per cent prior to the completion of this transaction. With the acquisition of the remaining minority interest, Synergy is now a wholly owned subsidiary of Volatus, enabling the company to fully consolidate its commercial aircraft operations and further align governance, capital allocation and operational execution across its integrated aerospace platform spanning crewed aviation, remotely piloted systems and mission-critical operations.

Marc Hanatshek, a minority shareholder of Synergy and party to the transaction, is also a director of Synergy. As a result, Mr. Hanatshek is a related party (as defined in Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions) of the company and the transaction involving the purchase of the shares of Synergy from Mr. Hanatshek is a related party transaction (as defined in MI 61-101). Such transaction was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), respectively, as the fair market value of the consideration paid to the related party did not exceed 25 per cent of the company's market capitalization.

About Volatus Aerospace Inc.

Volatus Aerospace is a Canadian-based global aerospace and defence company delivering crewed and uncrewed aerial systems, domestic aerospace manufacturing, advanced autonomy capabilities, and mission-critical operational services. The company provides aerial intelligence, inspection, logistics, surveillance, training and autonomous aerial solutions supporting infrastructure, energy, public safety, health care and government operations.

We seek Safe Harbor.