Mr. David MacMillan reports

DEVERON ANNOUNCES RECEIPT OF CEASE TRADE ORDER

Deveron Corp., further to its news release of oct. 18, 2024, the Ontario Securities Commission has issued a failure-to-file cease trade order against the company in respect of the company's securities under Multilateral Instrument 11-103, Failure-to-File Cease Trade Orders in Multiple Jurisdictions.

The CTO was issued as a result of the company's failure to file its audited consolidated financial statements for the year ended June 30, 2024, annual management's discussion and analysis for the same period, and management certifications of annual filings, before the Oct. 28, 2024, filing deadline.

Despite the CTO, a beneficial holder of a security of the company who is not, and was not as of the date of the CTO, an insider or control person of the company may sell securities of the company acquired before the date of the CTO if: (a) the sale is made through a foreign organized regulated market, as defined in Section 1.1 of the universal market integrity rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. Holders of the company's securities are urged to consult with their own investment advisers or legal counsel about the implications of the CTO.

The company does not expect an interruption of the operations of the company during the CTO. Revocation of the CTO is expected to occur within a few days after the annual filings are made.

Until the company has filed the annual filings, members of the company's management and other insiders are subject to an insider trading blackout. The company confirms that, other than as disclosed in prior news releases and material change reports, there have been no material business developments since the filing of the company's latest interim financial report.

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. The company's team of agronomists and data scientists build products that recommend ways to better manage fertilizer, seed, fungicide and other farm inputs. Additionally, Deveron 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. The company's focus is the United States and Canada, where one billion acres of farmland are actively farmed annually.

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