DRAGANFLY ANNOUNCES LETTER OF INTENT WITH GLOBAL UAV TECHNOLOGIES TO ACQUIRE PIONEER AERIAL SURVEYS AND HIGH EYE AERIAL IMAGING - Seite 2

Material Terms of the Agreement

• On closing of the transaction (the “Closing”), the Company will have paid to Global UAV CAD$350,000, which will consist of the following: (i) a cash payment of CAD$125,000, and (ii) CAD$225,000 in common shares of Draganfly based on a thirty (30) day volume weighted average price per common share of Draganfly following the execution of the LOI.

• Draganfly will grant Global UAV a royalty of 7.5% of gross revenue generated from UAV magnetometer and LiDAR systems for a period of eighteen months from Closing and assume $50,000 in liabilities that have been incurred by the Global UAV Subsidiaries.
  

• Closing is subject to shareholder approval from the shareholders of Global UAV and a number of closing conditions customary for a transaction of this nature, including the filing of required forms with the Canadian Securities Exchange.
  

About the Global UAV Subsidiaries

Pioneer Aerial Surveys is leading the industry in UAV remote sensing for mineral exploration, mine site surveys, agricultural and forestry related services and safety inspections and developing the first UAV-MAG system on the market and have deployed it in mineral exploration and unexploded ordinance surveys. Pioneer Aerial Surveys pushes the limits and capabilities of remote sensing in the exploration industry for our global client list including major, mid tier, and junior mining and exploration clients. High Eye Aerial Imaging is committed to providing high quality aerial images from a unique perspective that cannot be obtained by aircraft. High Eye specializes in LiDAR data acquisition.

About Draganfly

Draganfly Inc. (CSE: DFLY; OTCQB: DFLYF; FSE: 3U8) is the creator of quality, cutting-edge, unmanned vehicle systems and software that revolutionizes the way people do business. Recognized as being at the forefront of technology for over 22 years, Draganfly is an award-winning, industry-leading manufacturer within the commercial UAV and UVS space, serving the public safety, agriculture, industrial inspections and mapping and surveying markets. Draganfly is a company driven by passion, ingenuity and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money and lives.