AMMO, Inc. Receives Acknowledgement from Ukraine Ministry of Defense

SCOTTSDALE, AZ — AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”), the 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 it had received acknowledgement from the Ukraine Ministry of Defense for its donation of one million rounds of ammunition.*

Colonel Nahorianskyi Oleksii, Defense Attaché from the Embassy of Ukraine, Czech Republic, sent documentation verifying receipt along with a note expressing “gratitude” for the Company’s recent ammunition donation.

Fred Wagenhals, AMMO’s Chairman and Chief Executive Officer, commented, “We are honored by Colonel Oleksii’s acknowledgement of our actions to help the Ukrainian Armed Forces in their fight for freedom. We remain in firm support of Ukraine’s sovereignty and hopeful that a peaceful resolution can soon be reached.”

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.