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Vision Marine Technologies Reached New Milestone Achieved In Meeting Future Evolving HV Electric Boating Industry Standards – Test Cell Results

MONTREAL, QC / April 9, 2024 / Vision Marine Technologies Inc., (NASDAQ: VMAR) (“Vision Marine” or the “Company”), a leader in electric marine propulsion, is proud to announce a groundbreaking achievement in electric outboard propulsion, in collaboration with McLaren Engineering, a division of Linamar Corporation. Aligning with the fast-evolving electric market and the upcoming SAE J1228 outboard compliance standard, Vision Marine has revolutionized the measurement of rated power output with its E-Motion™ 180E Electric Powertrain Systems.

Vision Marine Technologies Marks a Strategic Milestone with Neogy Startec's Advanced Lithium Battery Production Facility Completion

MONTREAL, QC / April 3, 2024 / Vision Marine Technologies Inc., (NASDAQ: VMAR)
("Vision Marine" or the "Company"), a leader in electric marine propulsion, is thrilled to
announce the commissioning of its partner Neogy, a subsidiary of Startec Energy Group,
state-of-the-art lithium battery production facility in Pompignac, France. This pivotal
development marks a significant milestone in the industrialization of high-tension battery
packs designed specifically for Vision Marine's innovative electric boating solutions.

Vision Marine Technologies Welcomes Raffi Sossoyan as Chief Financial Officer Amid Transition to Manufacturing and Delivery Phase

Vision Marine Technologies Inc. (NASDAQ: VMAR), a trailblazer in electric recreational
boating, is thrilled to announce Raffi Sossoyan as its new Chief Financial Officer (CFO),
effective March 1, 2024. This strategic appointment marks a significant step as Vision
Marine gears up for an ambitious phase focused on manufacturing, production, and delivery,
underlining the company's dedication to scaling its operations and enhancing its market
footprint.

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.

Vision Marine Technologies, Inc. Appoints Anthony Cassella, Chief Accounting Officer of MarineMax, to the Board of Directors

MONTREAL, QC / February 13, 2024 / Vision Marine Technologies Inc., (NASDAQ:
VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the
performance electric recreational boating industry, announced today the appointment of
Anthony E. Cassella Jr., Executive Vice President Finance and Chief Accounting Officer of
MarineMax, Inc. (NYSE: HZO) to the Company’s Board of Directors as an independent
director. This appointment reinforces Vision Marine's leading role in marine technology
innovation and underscores its commitment to strong corporate governance.

Vision Marine Technologies Inc. Announces Close of $3.0 Million Private Placement of Convertible Preferred Shares and Warrants with Investissement Québec

MONTREAL, QC / January 18, 2024 / Vision Marine Technologies Inc., (NASDAQ: VMAR) ("Vision
Marine" or the "Company"), a global leader and innovator within the performance electric recreational
boating industry, announced today that it has entered into a definitive securities purchase agreement with
the Government of Quebec, through Investissement Québec (the “Investor”) for the sale of its preferred
shares and warrants. Vision Marine sold 3,000 convertible Series B Preferred Shares, with a stated
value of US$1,000 per share, and warrants to purchase up to 2,857,142 of its common shares for gross
proceeds of US$3.0 million, before deducting placement agent fees and other offering expenses. The
Series B Preferred Shares are initially convertible into an aggregate of 2,857,142 common shares of the
Company at a conversion price of US$1.05 per share, as may be adjusted, for a period of twelve (12)
months, at which time the Series B Preferred Shares becomes mandatorily convertible, subject to a
potential price adjustment at maturity. The Warrants have an exercise price of US$1.05 per share and will
expire five (5) years from the date of issuance.

Vision Marine Technologies Inc. Closes Strategic Investment From The Government of Quebec, Through Investissement Quebec

MONTREAL, Canada – January 10, 2024 – Vision Marine Technologies Inc. (NASDAQ: VMAR)
(“Vision Marine” or the “Company”), a global leader and innovator within the performance
electric recreational boating industry, announced today that the Government of Québec, through
Investissement Québec, is providing a financial contribution of up to 3 million US dollars, in the
form of a subscription to preferred shares.

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