<div id="readability-page-1"><article>TORONTO, May 26, 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSX: FLT) (OTCQX: TAKOF) (FSE: ABB.F) (“Volatus” or the “Company”), a Canadian-headquartered global aerospace and defence company, today announced that it has been selected to advance to the next phase of evaluation under the U.S. Drone Dominance Program Phase II initiative. The Drone Dominance Program is a U.S. defence innovation and rapid acquisition initiative focused on evaluating scalable, operationally relevant uncrewed aerial systems (UAS) designed for deployment in the toughest battlefield environments. Volatus submitted its application under Mission Area A – Long Range Strike, utilizing a One-Way Attack (OWA) FPV platform developed through allied industrial collaboration and supported by the Company’s broader autonomy, aerospace operations, and manufacturing capabilities. The next phase is expected to include operational qualification activities, production readiness assessments, and additional program evaluations. “This advancement represents an important milestone for our defence and autonomy initiatives,” said Glen Lynch, Chief Executive Officer of Volatus Aerospace. “The evolving global security environment is driving demand for scalable, resilient, and operationally practical uncrewed systems. We believe our participation in this program reflects the growing relevance of our broader aerospace platform, including our operational expertise, manufacturing strategy, autonomy roadmap, and allied industrial relationships.” The Company cautions that advancement to the next phase of the program does not guarantee future selection, prototype award, production orders, or commercial agreements. Volatus is continuing to support qualification activities in accordance with program requirements and timelines. Volatus Aerospace continues to expand its capabilities across autonomous systems, aerospace manufacturing, remote operations, training, and defence-related technologies through operations in Canada, the United States, and allied international markets. About the Drone Dominance Program Spanning four independent phases over approximately two years, the Drone Dominance Program represents a planned $1.1 billion investment in next-generation unmanned systems technologies. The program is intended to procure more than 300,000 low-cost autonomous systems to enhance military readiness, industrial scale production capacity, and operational capability across modern multi-domain defence environments. About Volatus Aerospace Inc. Volatus Aerospace is a Canadian-controlled global aerospace and defence company delivering integrated uncrewed systems, aerial intelligence, and mission-critical operational services. The Company provides unmanned aerial systems, aerial intelligence services, autonomy software, and advanced training solutions supporting civil infrastructure, public safety, and defence markets. Through its integrated platform combining manufacturing, operations, training, and technology development, Volatus Aerospace enables the adoption and scaling of autonomous systems while supporting sovereign aerospace capability development in Canada and allied markets. The Company operates a global platform supporting drone operations, pilot training, equipment sales, and data services while continuing to expand its capabilities in autonomy, remote operations, and next-generation aerial technologies. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities, events, developments and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “seeks”, “strategy” or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans, business outlook and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSX. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Toronto Stock Exchange accepts no responsibility for the adequacy or accuracy of this news release. For additional information: Volatus Aerospace Inc. Rob Walker, Chief Commercial Officer +1-833-865-2887 investorrelations@volatusaerospace.com https://volatusaerospace.com <img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RjeU5qUTJNQ00zTmpJeE1ERXdJekl5TURRek1EVT0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RjeU5qUTJNQ00zTmpJeE1ERXdJekl5TURRek1EVT0"/> <img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/NGNiNjFhMTMtNzUxMS00MzZlLWE3NDItN2U5YTJkMzgwMWMxLTEyMTU4NTgtMjAyNi0wNS0yNi1lbg==/tiny/Volatus-Aerospace-Inc-.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/NGNiNjFhMTMtNzUxMS00MzZlLWE3NDItN2U5YTJkMzgwMWMxLTEyMTU4NTgtMjAyNi0wNS0yNi1lbg==/tiny/Volatus-Aerospace-Inc-.png"/></article></div>

Volatus Aerospace Inc. has been selected to advance to the next phase of the U.S. Drone Dominance Program Phase II, focusing on scalable uncrewed aerial systems for battlefield deployment. This milestone highlights the company's capabilities in defense and autonomy. The program, with a planned $1.1 billion investment, aims to procure over 300,000 low-cost autonomous systems. CEO Glen Lynch emphasized the importance of this advancement amid growing global security demands.

Volatus Aerospace Selected to Advance to Next Phase of U.S. Drone Dominance Program | TAKOF Stock News