Partner Jet Corp. and Volatus Aerospace Corp. Announce CAD$7,500,000 Concurrent Brokered Private Placement led by Echelon Wealth Partners

TORONTO, May 25, 2021 (GLOBE NEWSWIRE) — Partner Jet Corp. (“Partner Jet“) (TSXV:PJT) and Volatus Aerospace Corp. (“Volatus“), are pleased to announce details concerning a concurrent brokered private placement being launched in connection with the proposed amalgamation of Partner Jet and Volatus (the “Transaction“), which was previously announced on March 2, 2021 following signature by the parties of a non-binding letter of intent with regard to the Transaction on February 26, 2021.

About Partner Jet Corp.

Partner Jet Corp. is incorporated under the laws of Ontario and its shares are currently posted for trading on the TSX Venture Exchange (PJT:TSX-V). The Company, through its subsidiary Partner Jet Inc., carries on the business of a full-service aircraft management, private aircraft charter sales service provider capable of operating a wide range of corporate aircraft. The Company’s revenue is generated through aircraft management contracts, charter and sub-charter activities.

About Volatus Aerospace Corp.

Volatus Aerospace is a vertically integrated drone technologies solution provider dedicated to driving the full potential of RPAS technologies throughout industries in the Americas. Activities include developing drone technologies, RPAS design and manufacturing, equipment sales and support, training, imagining and inspection services and asset management.