Voltage Metals Inc. entered into a binding letter of intent to acquire Mansa Exploration Inc. (CNSX:MANS) for CAD 6.8 million in a reverse merger transaction on August 13, 2021. Voltage Metals Inc. entered into a definitive securities exchange agreement to acquire Mansa Exploration Inc. (CNSX:MANS) in a reverse merger transaction on December 3, 2021. Pursuant to the terms, Mansa will issue 36 million shares in exchange of all of the issued and outstanding shares of Voltage. Issuance of Consideration Shares will be completed pursuant to available exemptions under applicable securities laws. Consideration Shares which are issued to any Related Party of Resulting Issuer will be subject to an escrow agreement, to be effective as of Closing. Escrow Agreement will provide, among other things, that all Consideration Shares held by Related Parties of Resulting Issuer will be deposited into escrow with an escrow agent, to be determined by Mansa and Voltage, at Closing to be released from escrow as follows: 10% on the date of re-listing on CSE; 15% on the date that is six months from Re-Listing Date; 15% on date that is 12 months from Re-Listing Date; 15% on date that is 18 months from ReListing Date; 15% on date that is 24 months from Re-Listing Date; 15% on date that is 30 months from Re-Listing Date; and 15% on date that is 36 months from Re-Listing Date. In addition, all other shareholders of Voltage that will receive Consideration Shares shall be subject to a voluntary escrow to be released from escrow as follows: 20% on the Re-Listing Date; and 20% on each of 3 month, 6 month, 9 month and 12 month anniversary of Re-Listing Date. In connection with the payment to Pancon, Mansa has advanced CAD 0.2 million to Voltage under a promissory note which shall become an intercompany loan upon completion of the transaction. It is expected that, upon completion and prior to Private Placement, former Target Vendors will own approximately 53% of issued and outstanding common shares of Resulting Issuer. Prior to or concurrently with completion of transaction, it is anticipated that Mansa will carry out a private placement financing (Concurrent Financing) to raise up to CAD 2 million in gross proceeds for the purposes of funding its working capital requirements and carrying out exploration work on the properties of Voltage and Mansa. In connection with Closing, Jay Freeman will be added to board of directors of Mansa and become Chairman. Jay Freeman is currently President and a director of Voltage. Transaction will require regulatory approval, completion of the Private Placement, including approval from the Canadian Securities Exchange (CSE), approval of the shareholders of Mansa and Voltage, and other conditions which are customary for transactions of this nature. Trading in the common shares of Mansa will remain halted pending review of the Transaction by the CSE. Closing is expected to be on or about January 31, 2022. Darryl Levitt of Darryl Levitt Law acted as legal advisor to Mansa Exploration. Rick Moscone of Fogler, Rubinoff LLP acted as legal advisor to Voltage.

Voltage Metals Inc. completed the acquisition of Mansa Exploration Inc. (CNSX:MANS) in a reverse merger transaction on March 11, 2022. The resulting issuer will change its name to "Voltage Metals Corp." and will commence trading on the CSE under the ticker symbol "VOLT". The CSE has conditionally approved the listing of the resulting issuer's shares in connection with the transaction.