AMMO, Inc. Offers One Million Rounds of Ammunition to Ukrainian Armed Forces

SCOTTSDALE, AZ — AMMO, Inc. (Nasdaq: POWW) (“AMMO” or the “Company”), a leading vertically integrated producer of high-performance ammunition and components and operator of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, today announced that it heard Ukraine’s President Zelensky’s plea for ammunition and would like to help. Ammo Inc. is offering to donate 1 million rounds of ammunition to the Armed Forces of Ukraine in support of their fight for independence and freedom.

Ammo Inc. will formally offer to manufacture ammunition to donate to the Ukraine Armed Forces as they fight for their country’s continued independence.

Fred Wagenhals, CEO of Ammo Inc., said “Ammo Inc., and we as Americans stand firmly in support of Ukraine’s sovereignty and independence, as we stand for freedom and democracy everywhere. While we fervently hope for a quick and peaceful resolution to the crisis and that diplomacy will win the day, we condemn the Russian aggression and its threat to Ukraine’s territorial integrity and freedom. We recognize that events are unfolding rapidly on the ground in Ukraine, and we are prepared to move quickly as possible to support Ukraine as it continues to defend itself and its freedom.”

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 branded munitions as well as its patented STREAK™ Visual Ammunition, /stelTH/™ subsonic munitions, and armor piercing rounds for military use. For more information, please visit: www.ammo-inc.com.

About GunBroker.com

GunBroker.com is the largest online marketplace dedicated to firearms, hunting, shooting and related products. Aside from merchandise bearing its logo, GunBroker.com currently sells none of the items listed on its website. Third-party sellers list items on the site and Federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed using licensed firearms dealers as transfer agents. Launched in 1999, GunBroker.com is an informative, secure and safe way to buy and sell firearms, ammunition, air guns, archery equipment, knives and swords, firearms accessories and hunting/shooting gear online. GunBroker.com promotes responsible ownership of guns and firearms. For more information, please visit: www.gunbroker.com.

Forward Looking Statements

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Forward looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words, or the negative thereof. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made. You should, however, consult further disclosures and risk factors we include in Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Reports filed on Form 8-K.

Investor Contact:

Reed Anderson

ICR

Phone: (646) 277-1260

[email protected]

AMMO, Inc. Scottsdale Headquarters Contact:

Victoria Welch

Communications Director

O: 480-530-2824

[email protected]