Mr. Jay Freeman reports

VOLTAGE METALS CORP. ANNOUNCES REVOCATION OF CEASE TRADE ORDER, PRIVATE PLACEMENT FINANCING UP TO $200,000, AND SHARES FOR DEBT TRANSACTION

Voltage Metals Corp. has made regulatory and financing developments.

Revocation of failure-to-file cease trade order

As of Sept. 1, 2023, the company had filed its annual and interim financial statements, management's discussion and analysis, and required certifications for the financial year ended Dec. 31, 2022, and for the periods ended March 31 and June 30, 2023. In doing so, the company complied with all terms of the failure-to-file cease trade order issued by the Ontario Securities Commission on July 6, 2023, pursuant to National Instrument 51-102 (Continuous Disclosure Obligations). The Ontario Securities Commission proceeded to issue a revocation order with respect to the FFCTO on Sept. 5, 2023, clearing the way for a resumption in trading of the company's listed securities.

The delay in filing the issuer statements, which are up to date, was due to an unusual event in the company's last financial year, namely, the reverse takeover transaction as described in detail in the issuer statements and as announced previously. Said transaction prolonged and added to the complexity of the audit of the company's last financial year. Management is grateful to the company's shareholders for their patience.

Private placement financing

The company plans to undertake a non-brokered private placement of up to 6,666,667 common shares at a price of three cents per share to raise gross proceeds of up to $200,000.

The company may pay a finder's fee to certain finders of up to 3 per cent of the aggregate gross proceeds of subscriptions facilitated by such finders.

The company intends to use the proceeds of the share offering for technical reporting, potential strategic acquisitions and general working capital.

Shares-for-debt transaction

Additionally, the company has agreed to issue 1.25 million common shares at a price of three cents per share, representing partial settlement of payables owed to an arm's-length trade creditor for exploration drilling services.

The company expects to complete both the share offering and the debt settlement on or about Sept. 15, 2023. All securities issued pursuant to the share offering and the debt settlement will be subject to a four-month hold period in accordance with applicable Canadian securities laws.

About Voltage Metals Corp.

Voltage is a critical metal exploration and development company focused on Canadian projects near existing or past-producing mines.

We seek Safe Harbor.