DGAP-News: Drone Delivery Canada Corp

Toronto, Ontario--(Newsfile Corp. - February 28, 2017) - Drone Delivery
Canada Corp. (CSE: FLT) ('DDC' or the 'Company'), is pleased to announce,
further to its news releases dated February 6, and February 23, 2017, that
it has completed its previously announced private placement offering of
special warrants (the 'Special Warrants'), issuing an aggregate of
31,144,000 Special Warrants at a price of $0.35 per Special Warrant for
aggregate gross proceeds of $10,900,400, which includes the exercise by GMP
Securities L.P. ('GMP'), as sole lead agent, of its option for an
additional 1,144,000 Special Warrants.

This news release does not constitute an offer of securities for sale in
the United States. The securities being offered have not been, nor will
they be, registered under the United States Securities Act of 1933, as
amended, and such securities may not be offered or sold within the United
States absent U.S. registration or an applicable exemption from U.S.
registration requirements.

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

About Drone Delivery Canada

Drone Delivery Canada is a drone technology company focused on the design,
development and implementation of its proprietary logistics software
platform utilizing drones. The Company's platform will be used as Software
as a Service (SaaS) 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

Bill Mitoulis, Investor Relations, Drone Delivery Canada
Telephone: (416) 837-7147
Email: billm@venturenorthcapital.com

Nelson Hudes, Media Relations, Drone Delivery Canada
Telephone: (905) 660-9155
Email: nelson@hudescommunications.com

Forward Looking Statements

Certain information set forth in this news release may contain
forward-looking information that involves 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 parties undertake
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.
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the associated documents

http://www.newsfilecorp.com/release/25351