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Volta Metals Ltd. Regulatory Filings 2024

Nov 8, 2024

47702_rns_2024-11-08_e279d3b5-85e1-4461-a97a-f5485fa2f9d2.pdf

Regulatory Filings

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51-102F3 MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

Volta Metals Ltd. (the “Company”) 130 King Street West, Suite 3680 Toronto ON M5X 1B1

Item 2 Date of Material Change

November 8, 2024

Item 3 News Release

The news release was disseminated by Newsfile on November 8, 2024.

Item 4

Summary of Material Change

The Company announced that it had completed the acquisition of a 100% interest in the strategic ZigZag Lithium property (the “ZigZag Project”) contiguous to its Falcon West Lithium Project in northwestern Ontario.

Item 5 Full Description of Material Change

Full Description of Material Change

On November 8, 2024 the Company announced that it had completed the acquisition of a 100% interest in the strategic ZigZag Project contiguous to its Falcon West Lithium Project in northwestern Ontario. The 2,710-hectare ZigZag Project hosts the high-grade Dempster East Lithium showing, which returned values up to 3.67% Li2O, and has excellent potential to host lithium, cesium, tantalum, gallium and niobium mineralization.

Additional details on the ZigZag Project have been provided in the Company’s press release dated November 7, 2024, which is available on the Company’s website at www.voltametals.ca or under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca.

The Company paid $350,000 to acquire the ZigZag Project and agreed to release all claims against Integral with respect to litigation regarding Integral’s acquisition of the ZigZag Project (see the Company’s news release dated March 22, 2024, for details on the claims against Integral).

Disclosure for Restructuring Transactions

N/A

2

Item 6Item 7Item 8Item 9 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102N/AOmitted InformationNoneOfficerBradley Boland, CFO(416) 919-9060Date of ReportNovember 8, 2024