Mr. David MacMillan reports

DEVERON ANNOUNCES CHANGES IN BOARD OF DIRECTORS

Deveron Corp., further it its press release of Aug. 15, 2024, has satisfied the conditions precedent to the settlement agreement dated Aug. 14, 2024, between the company and certain parties.

In accordance with the settlement agreement, each of Bill Linton, Chris Irwin, Joelle Faulkner and Tim Close have resigned as directors of the company. The company wishes to thank each of them for their valuable contributions to the company.

Ron Patterson and Albert Contardi have been appointed as directors of the company, which has been fixed at five directors. Ron Patterson has been appointed the chair of the board of directors of the company.

Brief biographies of the newly appointed directors of the company are as follows:

Ron Patterson, chairman and director

Mr. Patterson is a technology and financial services entrepreneur with 30-plus years experience. He has wide ranging experience working with growth stage companies as either an operator, investor or lender. He is co-founder of Accur8 Software Solutions, a software development company based in the United States and is an active special adviser to the technology lending group of a Schedule I Canadian Bank. Mr. Patterson previously co-founded MMV Financial, a specialty finance company that provided debt financing to technology companies across North America.

Albert Contardi, director

Mr. Contardi is a consultant/adviser with over 15 years of legal, investment and capital markets experience. He is currently president of Generic Capital Corp., a Toronto-based exempt market dealer. Mr. Contardi's expertise involves advising and structuring corporate finance transactions in the mining, tech and biotech sectors to maximize the value of projects/assets. He has been called to the Ontario bar and is a graduate of Queen's University Law School.

The board of directors is now composed of Ron Patterson, Albert Contardi, David MacMillan, Roger Dent and Greg Patterson. Notwithstanding the settlement agreement, the annual and special shareholder meeting of the company is expected to be held as planned on Oct. 25, 2024, to, among other things, elect the directors of the company.

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. Its team of agronomists and data scientists build products that recommend ways to better manage fertilizer, seed, fungicide and other farm inputs. Additionally, it 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 our best-in-class data layers. Its focus is the United States and Canada where one billion acres of farmland are actively farmed annually.

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