Mr. Christopher Reynolds reports

VOLATUS CAPITAL CORP. COMPLETES SHARES FOR DEBT TRANSACTION

Further to Volatus Capital Corp.'s April 2, 2026, news release announcing the entering into of shares-for-debt agreements to satisfy $536,528.06 in debt owed to certain creditors of the company, the company has issued an aggregate of 7,153,707 common shares at a deemed price of 7.5 cents per share to creditors of the company.

The shares-for-debt transaction has been approved by the exchange. All securities issued will be subject to a four-month hold period, which will expire on the date that is four months and one day from the date of issue.

Related party disclosure

The creditors are insiders of the company and, accordingly, the above-noted transaction is considered to be a related party transaction, as defined under Multilateral Instrument 61-101. The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities to be distributed in the transaction nor the consideration to be received for those securities, insofar as the transaction involves the referenced related parties, exceeds $2.5-million. The company did not file a material change report more than 21 days before the expected closing of the transaction as the details of the debt settlement and the participation therein by related parties of the company were not settled until shortly prior to closing and the company wished to close on an expedited basis for sound business reasons.