Volta expands Springer position; historical drill hits 1.97% TREO

HIGHLIGHTS Volta has agreed to acquire an 8.3-hectare mineral claim (the "Acquired Claim") immediately east of and contiguous with its Springer Rare Earth Element ("REE") and Gallium Deposit near Sturgeon Falls, Ontario. The acquisition extends the Springer mineralized system approximately 250 m further east along strike, beyond the eastern limit of the current mineral resource estimate ("MRE") and the SLR-optimized open pit shell, providing additional resource growth potential. Mineralization encountered in historic SL11-07 lies outside the current Springer MRE, highlighting the potential to expand the existing resource.

Historical drill hole SL11-07, completed on the Acquired Claim, intersected multiple REE mineralized intervals, including: 0.54% TREO over 36.98 m, from 49.52 m to 86.50 m and, 1.79% TREO over 1.28 m, from 50.52 to 51.80 m. Acquisition consideration consists of 600,000 common shares of Volta. The vendor retains a 2% net smelter returns ("NSR") royalty, of which 1% may be purchased by Volta for C$500,000.

Toronto, Ontario--(Newsfile Corp. - July 21, 2026) - Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) (OTCQB: VOLMF) ("Volta" or the "Company") announces that it has entered into a definitive agreement (the "Agreement") to acquire a 100% interest in an 8.3-hectare mineral claim contiguous with the eastern boundary of its Springer Rare Earth Element deposit (the "Springer Deposit" or the "Property"), near Sturgeon Falls, Ontario. The Acquired Claim covers the eastern, along-strike extension, of the Springer mineralized system and hosts historical drill hole SL11-07, which intersected 0.539% total rare earth oxides ("TREO") over 36.98 m. Geological modelling of the Springer system indicates that Total Rare-Earth Oxides ("TREO") mineralization extends eastward from the currently defined depo