Draganfly Entered Into A Securities Purchase Agreement With A Single Institutional Investor To Purchase 1.6M Units Of The Company, With Each Unit Consisting Of One Common Share And One Warrant To Purchase One Common Share; Each Unit Was Sold At An Offering Price Of $2.35, For Gross Proceeds Of ~$3.76M

Draganfly Inc. (NASDAQ:DPRO) (CSE:DPRO) (FSE: 3U8A) ("Draganfly" or the "Company"), a drone solutions, and systems developer, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 1,600,000 units of the Company, with each unit consisting of one common share (or one pre-funded warrant to purchase one common share in lieu thereof) and one warrant to purchase one common share. Each unit was sold at an offering price of US$2.35, for gross proceeds of approximately US$3.76 million (the "Offering"), before deducting placement agent discounts and offering expenses. The warrants will have an exercise price of CA$3.3086 (or US$2.35) per share, are exercisable immediately and will expire five years following the date of issuance and the exercise price will be in Canadian currency.

Maxim Group LLC is acting as sole placement agent for the Offering.