Mr. Philip Linton reports

DEVERON ANNOUNCES RECEIPT OF DEMAND LETTER WITH RESPECT TO UNSECURED LOANS TOTALING $4,726,600

Deveron Corp. has received a letter from two unsecured creditors demanding repayment of the unsecured loans evidenced by promissory notes dated May 20, 2022, issued by Deveron in connection with the acquisition of a 67-per-cent interest in A&L Laboratories Canada East Inc. no later than May 30, 2024.

The loans have aggregate principal amounts of $4,726,600, with accrued interest at maturity amounting to $400,949. The unsecured creditors are directors and officers of A&L Laboratories Canada East. The company is actively assessing its options to resolve these debts.

About Deveron Corp.

Deveron is an agriculture technology company that uses data and insights to help farmers and large agriculture enterprises increase yields, reduce costs and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive unbiased interpretation of production decisions, ultimately recommending how to optimize input use. Deveron's team of agronomists and data scientists builds products that recommend ways to better manage fertilizer, seed, fungicide and other farm inputs. Additionally, the company has a national network of data technicians that are deployed to collect various types of farm data, from soil to drones, that build a basis of the company's best-in-class data layers. Deveron's focus is the United States and Canada, where one billion acres of farmland are actively farmed annually.

We seek Safe Harbor.