Volta Metals closes acquisition of remaining 20% stake at Springer

Toronto, Ontario--(Newsfile Corp. - July 30, 2026) - Volta Metals Ltd. (CSE: VLTA) (OTCQB: VOLMF) (FSE: D0W) (" Volta " or the " Company ") is pleased to announce that it has closed its previously announced acquisition (the " Remaining Interest Acquisition ") of the remaining 20% interest (the " Remaining Interest ") in the Springer Rare Earth Element and Gallium deposit (the " Springer Deposit " or the " Property "). The Company already held an option to acquire the initial 80% pursuant to an option agreement entered into in June 2025. The Remaining Interest Acquisition was completed pursuant to a purchase agreement dated July 21, 2026 (the " Purchase Agreement ") with RZJ Capital Management, LLC (the " Vendor ").

In consideration for the Remaining Interest, the Company must pay an aggregate of $1,000,000 in cash and issue 10,000,000 common shares of the Company (the " Shares "). The terms of the foregoing payments are described in further detail in the Company's press release dated June 22, 2026 which announced the Remaining Interest Acquisition. On closing, the Company issued 5,000,000 of the Shares due under the Purchase Agreement.

The Company also announces that it has closed the acquisition of a mineral claim contiguous with the eastern boundary of the Property (the " Claim ") pursuant to a claim acquisition agreement dated July 10, 2026 with an arm's length vendor (the " Claim Agreement "). In consideration for the acquisition of the Claim, the Company issued 600,000 Shares. Further details of the acquisition of the Claim are provided in the Company's press release dated June 21, 2026.

The Shares issued pursuant to the Purchase Agreement, and the Claim Agreement are subject to a hold period of four months and one day from the date of issuance under applicable Canadian securities laws. ABOUT VOLTA METALS LTD. Volta Metals Ltd. (CSE: VLTA) (FSE: D0W) (OTCQB: VOLMF) is a critical mineral exploration company focused on rare earths, gallium, lithium, cesium, and tantalum. Volta owns, has optioned, and is currently exploring a critical minerals portfolio of rare earth, gallium, lithium, cesium, and tantalum projects in Ontario, one of the world's most prolific and emerging hardrock critical mineral districts.

Volta is advancing its 4,750-hectare Springer REE Deposit, located on the traditional territory of the Nipissing First Nation in Sturgeon Falls. The Springer Rare Earth Element deposit sits approximately 70 km east of Sudbury, Ontario, with direct access via the Trans-Canada Highway and Highway 64. The Project benefits from well-developed infrastructure, including paved road access, on-site power lines fed from the Crystal Falls hydroelectric dam, a natural gas pipeline, and Canadian National Railway service, all within 8 km of the deposit.

To learn more about Volta and its Springer and Aki Projects, please visit www.voltametals.ca . ON BEHALF OF THE BOARD For further information, contact: Kerem Usenmez, President & CEO Tel: 416.919.9060 Email: info@voltametals.ca Website: www.voltametals.ca Neither the CSE nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to product development, plans, strategies, and other statements that are not historical facts.