Mr. V-Bond Lee reports

VOLT CARBON TECHNOLOGIES ANNOUNCES $1,080,000 FLOW-THROUGH FINANCING AND NOTICE OF ANNUAL GENERAL MEETING

Volt Carbon Technologies Inc. intends to complete a flow-through private placement financing of up to 12 million units at a price of nine cents per unit for gross proceeds of up to $1.08-million.

Each Unit is composed of one (1) common share in the capital of the Corporation issued on a flow-through basis pursuant to the provisions of the Tax Act (as defined herein) (each a "Flow-Through Share") at a price of $0.09 per Flow-Through Share and one half (1/2) of a common share purchase warrant (each a "Warrant"). Each whole Warrant will entitle the holder thereof to acquire one (1) additional common share in the capital of the Corporation (each a "Warrant Share") at an exercise price of $0.135 per Warrant Share for a period of 24 months from the date of issuance.

The Company intends to pay, to certain arm's length finders (each a "Finder"), a finder's fee equal to: (i) a cash commission of 9.0% of the aggregate gross proceeds received from subscribers for Units sold to subscribers pursuant to the Offering as a result of the efforts of the Finder; and (ii) a number of warrants (each a "Finder's Option") equal to 9.0% of the number of Units sold to subscribers pursuant to the Offering as a result of the efforts of the Finder. Each Finder's Option will entitle the Finder to a unit (each a "Finder's Unit") at a price of $0.09 per Finder's Unit. Each Finder's Unit will be comprised of one (1) common share in the capital of the Company and one half (1/2) of a common share purchase warrant (each a "Finder's Warrant"). Each whole Finder's Warrant shall entitle the Finder to purchase one (1) additional common share (each a "Finder's Warrant Share") at an exercise price of $0.1035 per Finder's Warrant Share for a period of 24 months from the issuance of the Finder's Option.

The financing is expected to close within approximately 7 business days. All securities issued as part of the Offering will be subject to a four month and one (1) day hold period. No Insiders intend to participate in the placement and no new Control Persons will be created by the Flow-Through private placement. Closing of the Placement is subject to customary conditions and regulatory approvals including the approval of the TSX Venture Exchange (the "Exchange").

The Company intends to use the net proceeds of the Flow-Through private placement to carry out exploration as "Canadian Exploration Expenses" that qualify as "flow-through mining expenditures" as both terms are defined in the Income Tax Act (Canada).

Annual General Meeting (AGM) Announcement

The Company is pleased to announce that it will host the Annual General Meeting of Shareholders on February 13th, 2024, at 1:30 pm PST at the Royal Colwood Golf Club in Victoria BC. Shareholders are encouraged to vote on the matters before the meeting by proxy and attend the venue at the Royal Colwood Golf Club.

V-Bond Lee, CEO of Volt Carbon Technologies: "We are pleased to announce this financing initiative, which will drive our exploration efforts. I look forward to meeting our shareholders at the Annual General Meeting, where we can discuss our future plans and answer any questions from shareholders."

About Volt Carbon Technologies

Volt Carbon is a publicly traded carbon science company, with specific interests in energy storage and green energy creation, with holdings in mining claims in the provinces of Ontario, Quebec and British Columbia in Canada. For the latest information on Volt Carbon's properties and news please refer to the website www.voltcarbontech.com.

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