4 December 2023

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Vision Marine Technologies Initiates First E-Motion™ Equipped Rental Operation Expansion in Florida in Partnership with Blue Water Boat Rental

Montreal, Canada — December 4, 2023 — Vision Marine Technologies Inc. (NASDAQ: VMAR)
(“Vision Marine” or the “Company”), a global leader and innovator within the performance electric
recreational boating industry, is excited to announce a significant expansion in Riviera Beach, Florida
this month through a strategic partnership with Blue Water Boat Rental, a leader in internal
combustion engine boat rentals. This move marks a key milestone in Vision Marine's strategic plan,
reflecting our commitment to broaden the reach and impact of sustainable electric boating.

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