Mr. Kerem Usenmez reports

VOLTA METALS ANNOUNCES NON-BROKERED LIFE OFFERING

Volta Metals Ltd. has arranged a non-brokered private placement offering pursuant to which the company intends to issue up to 17,647,059 units of the company at a subscription price of 17 cents per unit for maximum gross proceeds of up to $3-million. The offering is subject to raising minimum gross proceeds of $2-million.

Each unit will comprise one common share of the company and one common share purchase warrant of the company, with each warrant entitling the holder thereof to purchase an additional share of the company at an exercise price of 25 cents per warrant share for a period beginning 61 days following the closing of the offering and expiring 24 months following the closing of the offering.

The units will be offered pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935 -- Exemptions From Certain Conditions of the Listed Issuer Financing Exemption, in each of the provinces of Canada, other than Quebec, and in certain other jurisdictions outside of Canada pursuant to available exemptions from the prospectus, registration or other similar requirements in such offshore jurisdictions, such that no prospectus, registration statement or similar document is required to be filed in any such offshore jurisdiction, in each case, in accordance with applicable laws. The securities issued under the LIFE will not be subject to a statutory hold period in Canada pursuant to applicable Canadian securities laws.

The company will use the net proceeds from the sale of the units to continue exploration at its Springer REE and Aki critical minerals projects, to complete its 2026 option payments on its Springer and Aki projects, and for general working capital and corporate purposes.

There is an offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

The offering is scheduled to close on or about April 14, 2026, or on such other date or dates within 45 days from the date hereof as the company may determine in its sole discretion, and is subject to certain conditions but not limited to, the receipt of all required regulatory approvals, including the approval of the Canadian Securities Exchange (the CSE). The company may pay finders' fees to eligible finders in connection with the offering in accordance with the policies of the CSE.

There can be no assurances that the offering will be completed on the terms set out herein, or at all.

About Volta Metals Ltd.

Volta Metals is a mineral exploration company focused on rare earths, gallium, lithium, cesium and tantalum. It owns, has optioned and is currently exploring a critical minerals portfolio of rare earths, gallium, lithium, cesium and tantalum projects in Ontario, one of the world's most prolific and emerging hard-rock critical mineral districts.

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