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Draganfly and Windfall Geotek Enhance Digital Exploration Partnership and EagleEye(TM) Solution

Tickers: PINX:MJXFF, XTSX:WIN
Tags: #Mining



Brossard, Quebec - TheNewswire - May 26, 2020 - Windfall Geotek (TSXV:WIN), a mining technology services company and a leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 in the mining sector, is pleased to announce the signature of a preferred services agreement with Draganfly. This announcement is the next milestone toward the execution of our EagleEyeTM, drone-based solution for AI-driven digital exploration in mining and land mine detection

"Windfall Geotek's data has historically been provided by helicopter or fixed wings planes. The advancement of drone technology with the capacity to deliver high resolution Mag Geophysical survey is a game changer. With this partnership with Draganfly, we are now in a position to offer a turn key solution for digital exploration at an affordable cost for our clients.

"The strategic relationship between the companies will allow us to bring to market the survey, sensor, and AI-driven software for digital exploration as a complete solution. Our ability, in the mining sector, to find economically viable targets is directly tied to the quality of the source data we receive commented Michel Fontaine. "EagleEyeTM will allow us to work more closely with our customers, generating a better return for their investors with our CARDSTM AI-generated targets.

About Draganfly :

Draganfly Inc. (CSE:DFLY; OTCQB:DFLYF; FSE:3U8) is the creator of quality, cutting-edge, UVS 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

About Windfall Geotek - Powered by Artificial Intelligence (AI) since 2005

Windfall Geotek is a services company using Artificial Intelligence (AI) with an extensive portfolio client's discoveries globally. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence (AI), and mathematics. The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.

For further information, please contact:

Michel Fontaine

President and CEO of Windfall Geotek

Telephone: 514-994-5843

Email: michel@windfallgeotek.com

Website: www.windfallgeotek.com


Additional information about the Company is available under Windfall Geotek's profile on SEDAR at
www.sedar.com. Neither the TSX Venture Exchange nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out here in, including but not limited to: the potential impact of epidemics, pandemics or other public health crises, including the current outbreak of the novel coronavirus known as COVID-19 on the Company's business, operations and financial condition, the successful integration of technology, the inherent risks involved in the general securities markets; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents managements' best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Copyright (c) 2020 TheNewswire - All rights reserved.

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