Vision Marine Technologies Announces Significant Purchase Order and Exclusive Distributorship Agreement with Nautical Ventures Marine Group

MONTREAL, QC / February 23, 2024 / Vision Marine Technologies Inc. (NASDAQ:
VMAR) ("Vision Marine" or the "Company"), an innovator in the performance electric
recreational boating industry, is thrilled to announce a groundbreaking partnership with Nautical
Ventures Marine Group, a premier provider of maritime products and services. This collaboration
marks a significant milestone with an initial purchase order for 50 units of the Phantom, Vision
Marine's innovative rotomolded, recyclable boat, and the establishment of an exclusive distributorship
agreement for South Florida.

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