AMMO, Inc. Announces Delivery of Donated Ammunition to Ukraine

SCOTTSDALE, Ariz., March 24, 2022 — AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”), owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that it has confirmed the delivery of its 1 million rounds of donated ammunition to the Ukraine governmental authorities.

Fred Wagenhals, AMMO Chairman & CEO, stated that “we are very happy to announce that we have delivered the donated ammunition, we have directed our people on the ground near the border conflict zone to deliver and hand-off of the 1 million rounds of ammunition AMMO donated to support Ukraine’s valiant efforts to protect its citizens and sovereignty. Our international operations sales and management team members are continuing to work their contacts around the globe in government and private business as we explore other opportunities to engage with and support the Ukraine forces.”

About AMMO, Inc.

With its corporate offices headquartered in Scottsdale, Arizona, AMMO designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense. The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes its own branded munitions, including its patented STREAK™ Visual Ammunition, /stelTH/™ subsonic munitions, and armor piercing rounds for military use. For more information, please visit: www.ammo-inc.com.