Mr. Carlos Paz reports

CERES GLOBAL AG CORP. PARTNERS WITH GRUPO TRIMEX TO ADVANCE REGENERATIVE AGRICULTURE INITIATIVES

On Nov. 3, 2023, Ceres Global Ag Corp. entered into an exclusive agreement with Grupo Trimex, Mexico's largest flour miller, to collaboratively develop and execute regenerative agriculture initiatives.

The partnership between Ceres and Trimex aims to deliver transformative outcomes and enhance grower performance and environmental sustainability. The primary focus of the collaboration is the adoption of innovative agronomic practices and technologies that deliver positive outcomes at the farm gate, while reducing greenhouse gas emissions and positively impacting other sustainability indicators such as biodiversity and water quality. The collaboration will expand these programs across Canadian and U.S. hard red spring wheat supply sheds.

"This partnership with Trimex marks a significant step forward in our core long-term priority of developing regenerative agriculture and supply chain solutions," said Carlos Paz, president and chief executive officer of Ceres. "We believe that regenerative agriculture is an integral part of addressing climate change and creating positive outcomes for both our farmer partners and our planet. Together with Trimex, we are well positioned to foster more efficient growing practices and continue to offer tailored solutions to strategic customers."

"Wheat growers across the U.S. northern plains and the Canadian Prairies have been among the quickest to adopt practices like zero till and diverse crop rotations to support soil health and improve outcomes on their farms," added Jeff Wildeman, managing director at Ceres. "We are excited to work collaboratively with growers and Trimex in accelerating this continuous journey of improvement. Working together to identify local, scalable solutions that deliver value to the grower and create positive environmental outcomes is core to our work."

Mar Gutierrez, sustainability and social impact manager at Grupo Trimex, commented: "Consumers are looking for increased transparency across the supply chain as they seek to understand how their food is produced. Through this collaboration with Ceres, we want to shine a light on the great work that wheat growers in the northern plains are already doing when it comes to sustainable production. Just as importantly, we want to work with growers in the adoption of new practices on their farms. These practices must add value to the grower while also helping us further improve sustainable wheat production."

Regenerative agriculture focuses on rebuilding and maintaining the health of the soil by promoting biodiversity, improving the water cycle, and increasing organic matter within the soil. It encompasses a variety of practices that aim to improve the productivity of our soils, minimize soil erosion, and eliminate greenhouse gas reductions or capture carbon in the soil, which can help mitigate the effects of climate change. Given the diversity in cropping systems globally, the practices that achieve the desired outcomes vary from region to region. By enhancing the resilience and vitality of farmland, regenerative agriculture not only benefits the environment, but also supports long-term sustainability and productivity for farmers.

About Ceres Global Ag Corp.

Ceres and its subsidiaries add value across agricultural, energy and industrial supply chains through efficient sourcing, storing, transporting and marketing of high-quality agricultural commodities, value-added products and raw materials. Leveraging its network of commodity logistics centres and team of industry experts, Ceres connects farmers to customers around the world.

Ceres is headquartered in Minneapolis, Minn., and together with its affiliated companies, operates 11 locations across Saskatchewan, Manitoba, Ontario and Minnesota. These facilities have an aggregate grain and oilseed storage capacity of approximately 29 million bushels.

Ceres has a 50-per-cent interest in Savage Riverport LLC (a joint venture with Consolidated Grain and Barge Co.), a 50-per-cent interest in Berthold Farmers Elevator LLC (a joint venture with The Berthold Farmers Elevator Company), a 50-per-cent interest in Farmers Grain LLC (a joint venture with Farmer's Cooperative Grain and Seed Association), a 50-per-cent interest in Gateway Energy Terminal (an unincorporated joint venture with Steel Reef Infrastructure Corp.), a 25-per-cent interest in Stewart Southern Railway Inc. (a short-line railway located in southeast Saskatchewan with a range of 130 kilometres) and a 17-per-cent interest in Canterra Seeds Holdings Ltd. (a Canada-based seed development company).

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