Mr. Cameron Chell reports

DRAGANFLY ANNOUNCES PRICING OF US$50.0 MILLION REGISTERED DIRECT OFFERING

Draganfly Inc. has priced a registered direct offering to purchase 7.15 million common shares (or prefinanced warrants in lieu thereof) of the company, at a price of $7 (U.S.), for gross proceeds of approximately $50.0-million (U.S.), before deducting placement agent discounts and offering expenses.

Maxim Group LLC is acting as lead placement agent for the offering. Raymond James Ltd. and Ladenburg Thalmann & Co. Inc. are acting as co-placement agents for the offering.

Draganfly currently intends to use the net proceeds from the offering for general corporate purposes, including to finance its capabilities to meet demand for its new products, including growth initiatives and/or for working capital requirements, including the continuing development and marketing of the company's core products, potential acquisitions, and research and development. The offering is expected to close on or about Feb. 27, 2026, subject to the satisfaction of customary closing conditions.

The offering is subject to customary closing conditions, including receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange and notification to Nasdaq Stock Market.

The offering is being made pursuant to an effective shelf registration statement on Form F-10, as amended (file No. 333-290823), previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission on Feb. 25, 2026, and the company's Canadian short form base shelf prospectus dated Oct. 24, 2025. Draganfly will offer and sell the securities in the United States only. No securities will be offered or sold to Canadian purchasers.

A prospectus supplement and accompanying base shelf prospectus relating to the offering and describing the terms thereof will be filed with the applicable securities commissions in Canada and with the SEC in the United States, and will be available at no charge by visiting the company's profiles on the SEDAR+ website maintained by the Canadian Securities Administrators or the SEC's website, as applicable. Copies of the prospectus supplement and accompanying base shelf prospectus relating to the offering may be obtained, when available, by contacting Maxim Group LLC at 300 Park Ave., 16th floor, New York, N.Y., 10022, attention: syndicate department, or by telephone at 212-895-3745 or by e-mail at syndicate@maximgrp.com.

About Draganfly Inc.

Draganfly is a pioneer in drone solutions, artificial-intelligence-driven software and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping and surveying. The company is committed to delivering efficient, reliable and industry-leading technology that helps organizations save time, money and lives.

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