NorthStrive Defense Tech LLC ("NorthStrive Defense Tech"), a wholly-owned subsidiary of PMGC Holdings Inc. (the "Company") (NASDAQ:ELAB), today announced it has acquired rights to a novel drone technology through an exclusive option agreement ("Option Agreement") with a corporation.

The Option Agreement provides NorthStrive Defense Tech with an exclusive option, within the aerospace and defense technologies field ("Field"), to get an exclusive license as to certain patent rights for U.S. Patent No. 12,291,334, covering a next-generation drone system designed to transport payloads across air and water environments. The option ("Option") is also for a non-exclusive license in the aerospace and defense technologies field as to certain know-how connected to these patent rights, as further set forth in the Option Agreement. On NorthStrive Defense Tech's exercise of this option, NorthStrive Defense Tech and the counterparty will enter into negotiations for a definitive license agreement.