DRONE DELIVERY CANADA AND VOLATUS AEROSPACE CORP. ANNOUNCE TRANSFORMATIVE MERGER OF EQUALS CREATING GLOBAL LEADER IN DRONE TECHNOLOGY AND SERVICES

TORONTO, May 21, 2024 /CNW/ - Drone Delivery Canada Corp. ("Drone Delivery Canada") (TSXV:FLT.VN) (OTCQX:TAKOF) (Frankfurt: A3DP5Y) (Frankfurt:ABBA-F.GF), an award-winning drone technology company focused on the design, development, and implementation of its proprietary technologies for remotely piloted aircraft operations with an emphasis on cargo delivery and Volatus Aerospace Corp. ("Volatus") (TSXV:VOL.VN) (OTC-BB:VLTTF), a leader in the operation of piloted and remotely piloted aircraft systems (drones), are both pleased to announce that they have entered into a business combination agreement (the "Business Combination Agreement") to combine the companies in a merger of equals transaction (the "Merger"), with the combined company to continue under the name "Volatus Aerospace Corp." and, subject to approval of the TSX Venture Exchange (the "TSXV"), continue trading under the ticker "FLT".