Volta Metals Announces Non-Brokered LIFE Offering

Toronto, Ontario--(Newsfile Corp. - April 7, 2026) - Volta Metals Ltd. (CSE: VLTA) (OTCQB: VOLMF) (FSE: D0W) ("Volta" or the "Company") is pleased to announce a non-brokered private placement offering (the "Offering") pursuant to which the Company intends to issue up to 17,647,059 units of the Company (each, a "Unit") at a subscription price of $0.17 per Unit for maximum gross proceeds of up to $3,000,000. The Offering is subject to raising minimum gross proceeds of $2,000,000.

Each Unit will be comprised of one common share of the Company (each, a "Share") and one common share purchase warrant of the Company (each, a "Warrant"), with each Warrant entitling the holder thereof to purchase an additional Share of the Company (a "Warrant Share") at an exercise price of $0.25 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 ("NI 45-106"), as modified by Coordinated Blanket Order 45-935 - Exemptions From Certain Conditions of the Listed Issuer Financing Exemption (the "LIFE Exemption"), in each of the provinces of Canada, other than Québec, 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 Exemption 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.