Voltage Metals Corp. Announces Closing of Oversubscribed $500,000 Convertible Note Financing

Toronto, January 16, 2024 - Voltage Metals Corp. (CSE: VOLT) (OTC Pink: VLTMF) ("Voltage" or the "Company") is pleased to announce that, further to its press release of January 5, 2024, it has completed a non-brokered private placement through an offering of unsecured convertible promissory notes issued in the aggregate principal amount of $500,000 (the "Offering").

The convertible promissory notes (the "Notes") bear interest at a rate of 15% per annum and shall mature on the date that is three (3) months from the date of issuance. The holders of the Notes have the ability to elect to, in whole or in part, at any time following the date of issuance until maturity, convert the principal amount of the Notes and any accrued and unpaid interest thereon, into common shares in the capital of the Company at a conversion price of $0.05 per share.

The securities issued upon closing of the Offering will be subject to a hold period of four months plus a day from the date of closing, pursuant to applicable securities laws. Proceeds from the Offering will be used for general working capital purposes.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Voltage

Voltage is a critical metals exploration and development company focused on Canadian projects near existing or past-producing mines.

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by management. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information. There can be no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. Management of the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

For more information contact: Jay Freeman, Chairman and Director, Voltage Metals Corp., email: jfreeman@voltagemetals.com or via telephone at: (416) 457-1611.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/194388