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Drone Delivery Canada Announces Results of Annual Meeting and Grants Stock Options

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Toronto, Ontario–(Newsfile Corp. – July 21, 2017) – Drone Delivery Canada Corp. (CSE: FLT) (“DDC or the Company”), is pleased to announce that shareholders voted overwhelmingly in favour of all resolutions presented in its management information circular at the annual meeting held on July 20, 2017, which included the election of the Board of Directors and the appointment of auditors.

The Board of Directors consists of:

Tony Di Benedetto (Chief Executive Officer)
Richard Buzbuzian (President)
Michael Della Fortuna
Chris Irwin
Robert Montemarano

The Company also announces that it has granted an aggregate of 6,500,000 options to purchase common shares of the Company exercisable at a price of $0.50 per share for a period of five years, to certain officers, directors and consultants of the Company. The options are subject to a vesting period released 1/3 every six months from the date of grant pursuant to the Company’s stock option plan.

For more information, please visit www.dronedeliverycanada.com.

About Drone Delivery Canada

Drone Delivery Canada is a drone technology company based out of Vaughan, Ontario focused on the design, development and implementation of a commercial drone logistics platform for government and corporate organizations. Drone Delivery Canada Corp. is a publicly listed company trading on the Canadian Securities Exchange under the symbol FLT.

Richard Buzbuzian, President, Drone Delivery Canada
Telephone: (647) 501-3290
Email: richard@dronedeliverycanada.com

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking information that involve substantial known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward looking information. The Company undertakes no obligation to update forward-looking information except as otherwise may be required by applicable securities law.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.