Vision Marine Technologies Partners with Nautical Ventures Group to offer Groundbreaking 100% Recyclable Boat for the U.S. Boating Market

Montreal, Canada, October 17, 2022 – Vision Marine Technologies (NASDAQ: VMAR) ("Vision Marine"
or the "Company"), leader and innovator in the electric recreational boating industry, has formed a
partnership with Nautical Ventures Group as its sole and exclusive distributor of a fully recyclable
rotomolded plastic boat (the “Phantom”) for the state of Florida, and a non-exclusive distributor
dealership agreement for the United States. This agreement includes Nautical Ventures' agreement to
purchase a minimum of 50 Phantoms in the first year with a retail value of $1.5 million.